Lazear Capital Partners (Lazear) is proud to announce that it served as exclusive financial advisor to Ontario Specialty Contracting (OSC), a Buffalo-based environmental and demolition contractor, in its transition to a 100% employee-owned company through an Employee Stock Ownership Plan (ESOP).
OSC joins a growing number of companies in New York and nationwide who are adopting ESOPs as a succession strategy to preserve independence and company culture, maintain leadership and operations, and reward the employees who drive success.
“An ESOP builds on OSC’s nearly 30-year commitment to its team and the Buffalo community,” said Rich Gioia, Managing Director and Buffalo Market Leader at Lazear. It’s incredibly rewarding to help guide a transition that empowers employees and ensures the company remains a vital part of this community for generations.”
Founded in 1997, OSC has become one of the leading environmental and demolition contractors in the Western Hemisphere. With projects spanning from Northern Canada to Puerto Rico, the company delivers environmental remediation, demolition and dismantlement, brownfield redevelopment, and nuclear decommissioning services. OSC has earned more than 15 environmental health and safety awards in recognition of its leadership and performance.
Created by Congress in 1974, ESOPs offer a tax-advantaged way for owners to transition ownership to employees. According to the National Center for Employee Ownership, businesses in construction and contracting often adopt this exit strategy to prioritize their companies, employees, and the communities they serve.
About Lazear
Lazear is a premier middle-market advisory firm specializing in business ownership transitions nationwide. Headquartered in Columbus, OH, with a growing presence, the firm is dedicated to helping business owners maximize wealth and preserve legacies through customized exit strategies, including ESOPs and 1042 tax solutions, M&A, and capital formation.
To learn more, visit www.lazearcapital.com and follow Lazear on LinkedIn.
Media Contact
Katherine Koon
Marketing Director
kk@lazearcapital.com
614-502-1411
