Situation
An owner hoped to sell his construction company for mostly cash. He sought money for retirement and for the widow of his deceased partner, and he wanted to secure a future in the company for valued employees.
Result
Through our network of contacts and databases, our team identified a similar company that was already owned by an ESOP and that was interested in expanding. The buyer could pay mostly cash upfront and could allow the workforce of the purchased company to secure partial ownership by participating in the ESOP.