Lazear Capital Partners (Lazear) is pleased to announce that it served as the exclusive financial advisor to DiSalvo Contracting (DiSalvo), a Brooklyn-based general contracting and construction management firm, in its sale to an Employee Stock Ownership Plan (ESOP).
Founded in 1977, DiSalvo is a second-generation, family-owned company renowned for high-end residential renovations, townhouses, and new construction across Manhattan, Long Island, and New Jersey. The team’s work has been featured in publications such as Architectural Digest, The New York Times Magazine, Luxury Home Quarterly, Avenue Décor, and Design Bureau.
“The strength of DiSalvo is rooted in our team, whose skill, dedication, and care are evident in every project,” said Joe DiSalvo, co-owner and CEO. “Carrying on our family’s legacy means ensuring the values, craftsmanship, and culture we’ve built are preserved.
Co-Owner and President Vince DiSalvo added, “Gradually transitioning ownership to our employees over time celebrates their contributions and ensures that the company’s heart and standards continue for years to come.”
DiSalvo’s ESOP transaction was led by Ashley Sarokhan, Managing Director and NY Metro market leader at Lazear.
“Whether managing a complex renovation or navigating succession planning and ownership transition strategies, it’s clear that DiSalvo approaches every project with thoughtfulness and care. Witnessing a company prioritize its people and its craft in this way reminds us why ESOPs can be such a powerful tool for business continuity and growth.”
ESOPs continue to gain momentum in New York, which ranks among the top states nationally in the number of employee-owned companies. Across the country, construction and contracting are among the most popular industries choosing this exit strategy as a thoughtful way to balance continuity, company culture, and long-term stability.
About DiSalvo Contracting
DiSalvo is a premier residential construction firm specializing in high-end apartment renovations, townhouse construction, and estate homes across Manhattan, Long Island’s North Shore and East End, and New Jersey’s waterfront communities. With in-house artisans skilled in carpentry, tilework, marble, plaster, and painting, DiSalvo ensures every project reflects exceptional craftsmanship and faithfully delivers the architect’s design vision. Their portfolio includes many of Manhattan’s most distinguished addresses, including Tribeca, Fifth Avenue, Central Park South, and Sutton Place.
About Lazear
Lazear is a premier middle-market advisory firm specializing in business ownership transitions nationwide. Headquartered in Columbus, OH, with a growing presence, the firm is dedicated to helping business owners maximize wealth and preserve legacies through customized exit strategies, including ESOPs and 1042 tax solutions, M&A, and capital formation.
To learn more, visit www.lazearcapital.com and follow Lazear on LinkedIn.
Media Contact
Katherine Koon
Marketing Director
kk@lazearcapital.com
614-502-1411
