ButcherJoseph Advises AMPAM Parks Mechanical on Employee Buyout
July 2019
“This transaction enables our employees to partner in the growth and future of the company that they helped build.”
Charles “Buddy” Parks
Chairman, AMPAM Parks Mechanical
Who is our client?
- AMPAM Parks Mechanical (“AMPAM”) is the largest multifamily housing plumbing contractor in the country. The Company has operated for more than four decades and has completed over $1 billion in contracting engagements. It is headquartered in Carson, CA.
- AMPAM has consistently delivered high-quality innovation and technology in the field, supported by a highly experienced team of design engineers, project managers, estimators, and analysts.
Why did AMPAM hire ButcherJoseph?
- ButcherJoseph was engaged to structure and manage the sale of AMPAM to an Employee Stock Ownership Plan (ESOP).
- ButcherJoseph has successfully executed several M&A/ESOP transactions in the contracting industry and maintains numerous relationships with banks and finance companies that truly understand and invest in the space.
What did ButcherJoseph deliver?
- ButcherJoseph structured and negotiated a 100% ESOP buyout, providing meaningful liquidity to selling shareholders and future equity participation to all eligible employees.
- ButcherJoseph arranged the financing to support the buyout ensuring the terms were compatible with industry dynamics and practices.
- AMPAM is now positioned for further growth with a more incentivized management team and employee group.