Lazear Capital Partners (Lazear) is pleased to announce it served as exclusive financial advisor to Beck Suppliers, Inc. (Beck Suppliers), a leading fuel distribution and convenience store company based in Fremont, Ohio, in its transition to 100% employee ownership through an Employee Stock Ownership Plan (ESOP).
Founded in 1950 and now led by its fourth generation of family leadership, Beck Suppliers has grown into one of Ohio’s largest independent providers of fuel, fuel services, car wash systems, and convenience store operators, with over 500 employees and 34 FriendShip store and car wash locations.
“For 75 years, Beck Suppliers has been a part of our family,” said Dean Beck, third-generation co-owner. “But it’s always belonged to the communities we serve. Transitioning to employee ownership simply recognizes what’s already true—our people are this company. They’ve built it, grown it, and live its values every day.”
Beck recently celebrated its 75th anniversary and was honored as Large Business of the Year by the Chamber of Commerce of Sandusky County, reflecting its strong commitment to service, community, and growth.
“Our father and grandfather believed in investing in people,” said Brian Beck, co-owner. “Turning Beck Suppliers into an ESOP is our way of saying ‘thank you,’ but it’s also a way of saying ‘we believe in you.’ Every team member now has a direct stake in our shared future. That’s powerful.”
The ESOP transaction was led by Todd Goldman, Managing Director at Lazear.
“This ESOP provides Beck with a new source of fuel—the power of shared ownership,” said Goldman.
Beck Suppliers joins industry peers such as Sheetz and Wawa that have adopted ESOP structures to strengthen their culture and reward employees.
About Lazear
Founded in 1999 and headquartered in Columbus, OH, with a nationwide presence, Lazear is a premier middle-market advisory firm specializing in business ownership transitions through ESOPs, M&A, and capital formation. By providing tailored exit strategies and a proprietary 1042 tax solution, Lazear helps business owners maximize wealth and preserve their legacy.
To learn more, visit www.lazearcapital.com and follow Lazear on LinkedIn.
Media Contact
Katherine Koon
Marketing Director
kk@lazearcapital.com
614-502-1411
