ButcherJoseph & Co. served as the exclusive financial advisor to ADG Acquisition Holdings, Inc. (“ADG” or the “Company”) in the structuring and funding of the Advanced Diagnostic Group Employee Stock Ownership Plan (“ESOP”). ADG is a leading provider of MRI and X-ray as well as all other imaging services throughout Florida.
Kevin Johnson, CEO of ADG, who will continue leading the Company, explained, “After educating ourselves on employee ownership, we determined that this structure would best position ADG for future success. We are proud to reward our loyal employees by providing them the opportunity to share in the growth of our Company. ButcherJoseph worked tirelessly to create the best possible outcome for our shareholders and employees, and their advice and efforts were critical in implementing this structure.”
ButcherJoseph Managing Partner Keith Butcher commented, “We were honored to partner with Kevin Johnson, the management and employees in ADG’s transition to employee ownership. ADG is a great, well-run organization that is positioned for tremendous continued success.”
About Advanced Diagnostic Group
Advanced Diagnostic Group is a leading provider of MRI and X-ray as well as all other imaging services throughout Florida, with locations in Tampa, Lakeland, Orlando, Kissimmee, Jacksonville, Orange Park, Brandon, Palm Beach Gardens and Jupiter.
About ButcherJoseph & Co.
ButcherJoseph & Co. (“ButcherJoseph”) is an investment bank headquartered in St Louis with coverage in Chicago, Washington, DC, and Charlotte, NC. ButcherJoseph provides investment banking advisory services to middle market companies. With more than $7 billion in successfully completed Employee Stock Ownership Plan (“ESOP”) transactions, ButcherJoseph & Co. is known as a leader in the ESOP field.