Lazear Capital Completes ESOP Formation for Kelley Brothers Roofing
Kelley Brothers Roofing, a Fairfield, OH-based premiere commercial roofing company, is pleased to announce the transition to employee ownership by becoming a 100% Employee Stock Ownership Plan (ESOP) Trust. Lazear Capital Partners served as the advisor to Kelley Brothers for the transaction.
"After reviewing several options for our company, we determined an ESOP was the best option going forward as current owners with a future transition plan in mind. One of the main reasons for choosing an ESOP was for our employees. We have a great group of people here, and despite the fact, there may be only a few people steering the ship, it is the entire crew pulling the oars that make the company move forward. It only made sense to share the success of the company with the people that helped to get us to where we are. We fully expect the company to continue to thrive and flourish under the new ESOP."
"Lazear Capital showed us the potential of the ESOP program. They delivered on all of their promises and they delivered in the time frame they promised as well. We couldn't be happier with the results."
"Working with Lazear Capital made the process almost seamless. They were "running point" to engage all parties, smooth out any snags, and keep the process running. I honestly don't believe we could have done it without them."