Case Study : Employee Stock Ownership Plan

Owner of a well established manufacturing company wanted to sell his company and eventually retire.

  1. Sale of company to an outside buyer would have resulted in large tax liability due to low tax basis of assets and C-Corp status. The result would have been an unsatisfactory financial outcome after years of building a successful company.
  2. Evaluated Employee Stock Ownership Plan (ESOP) structure for benefits as well as risks. The financial benefits to the owner were substantial with the sale of the company to the ESOP.
  3. Coordinated all aspects of structuring the transaction with legal, accounting, investment and independent valuation professionals. This allowed the Owner/President to continue to focus on the strategic and operational aspects of the business.
  4. Obtained bank financing for the ESOP buyout during a very difficult credit environment ("2008 Credit Crunch").
  5. Negotiated purchase and financing documents.

Case Studies

What Our Clients Say

“Dave has now done two tours of duty with Ageless Innovation. When we started the company, we knew we did not yet need a fulltime CFO, but we needed the knowledge and experience of a seasoned finance professional. Dave jumped right in to help us set up our banking relationships, establish our loan with the BDC-RI, set up and populate our systems and most importantly be a strong financial partner for the co-founders. Dave quickly became part of the team and helped steward us through the first couple of years. When the time came to hire a full time CFO, Dave helped with all aspects of the hiring and transition processes making it seamless.

Unfortunately, a year later we were back in the CFO search process and my first call was to Dave. Within hours we were meeting and the next day he was back in the office as our interim CFO helping us with another hiring and transition. Dave jumped back in and we never missed a beat. We still rely on Dave for advice and guidance and he has become a trusted friend to me and to the company.”

- Ted Fischer, CEO & Co-founder
  Ageless Innovation, LLC

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