Lazear Capital Completes ESOP Transaction for a Midwest Manufacturer

Lazear Capital Partners is proud to announce the sale of 100% of the stock of a Midwest Manufacturer to an Employee Stock Ownership Plan (ESOP). Lazear Capital, a Columbus-based investment banking firm, was engaged by the company and its shareholders to provide expertise in structuring a solution that optimized the company's and shareholders' objectives.

The Company greatly values its privacy and asked Lazear Capital not to disclose either its name or the specifics of its industry. The manufacturer provides full-service manufacturing and marketing services to its customers including unique niche capabilities. The company has enjoyed strong growth and profitability and the owners were interested in understanding all of their succession and liquidity options.

After extensive analysis by Lazear Capital, the owners felt that an ESOP was the best fit for the Company, explaining, "The ESOP solution met our goals. We feel that we have the best team in manufacturing and we like that the ESOP will allow us to reward them and recruit more great team members. We have enjoyed more than 50 years of success and we think this positions us for another 50 great years. Lazear Capital really listened to what we wanted to achieve and they drove the process to accomplish it."

Lazear Capital's team worked with the Company's owners to design a custom solution that included employee benefits, financial, flexibility, and maximized tax advantages. The financing Lazear Capital structured will allow the company to maintain a liquidity cushion while supporting its strong growth.