Lazear Capital Completes ESOP Transaction for F&S Mechanical and Plumbing: F&S Becomes 49% Employee Owned

Lazear Capital Completes ESOP Transaction for F&S Mechanical and Plumbing: F&S Becomes 49% Employee Owned

F&S Mechanical & Plumbing Services, Inc. ("F&S Mechanical" or "Company") is proud to announce the sale of 49% of the outstanding stock of the Company to an Employee Stock Ownership Plan ("ESOP").

F&S Mechanical is a leading, Georgia-based mechanical and plumbing contractor providing design-build, new construction and heavy renovation services in the public and private commercial segments. They are known for their operational flexibility and customization capabilities. Headquartered in Tyrone, GA and celebrating over 20 years of success, F&S has a strong reputation throughout its community for its commitment to providing high quality services and maintaining long-term client relationships.

The shareholders of F&S Mechanical evaluated multiple ownership transition solutions and decided that an ESOP represented the best solution for the shareholders, employees, clients, suppliers, and other business partners. The formation of an ESOP provided F&S Mechanical with a thoughtful transition plan that maximized value for the selling shareholder while it also provided the Company's valued employees with a financial interest in the success of the business.

The selling shareholder, Frank Villella, said "We've worked alongside ESOP-owned companies over the years and it was refreshing to see how dedicated the employees were to each other. The employees took ownership for their decisions and did what was best for the company."

F&S Mechanical engaged Lazear Capital Partners, Ltd. ("Lazear") to lead the transaction. Lazear is a middle market investment bank nationally-recognized for its ESOP practice.

Frank Villella said "Our CPA referred us to Lazear because they are known as a leading ESOP provider. Their professionalism is top notch and their knowledge of ESOPs is unsurpassed. Their people are personable and always available. We would highly recommend Lazear to anyone and in fact, we have already referred a client to them."