Germane Solutions sells to an ESOP
Germane Solutions, a niche healthcare consulting firm with extensive Graduate Medical Education (GME) experience, is pleased to announce the sale of 100% of the Company to an Employee Stock Ownership Plan (ESOP) Trust. Lazear Capital Partners, an investment banking firm in Columbus, Ohio, was engaged to arrange the transaction and serve as the Company’s exclusive financial advisor.
Art Boll, founder and majority shareholder, heard about the power of the ESOP solution as he considered the next phase of his career. After building his business to be an industry leader in GME programs, he wanted to fully capitalize his investment while enabling the culture to endure and the employees to benefit directly in the future success of the business they helped build.
“It was imperative that the employees who helped build the Company into the market leader it is today are able to see direct value in the growth and future success of the business. We are successful because of them and now they will take the Company forward not only as key employees but as owners in the Company. Lazear really helped me understand the benefits of the ESOP option for my employees and me as a seller. They were with me from the beginning to serve as a trusted advisor, always providing industry leading thought and insight as we navigated the transaction. Their dedication, patience, and expertise were unmatched and I am so thankful for their efforts.”
Germane Solutions is headquartered in Dayton, Ohio.