Voltage Multipliers Inc. (VMI), a leading manufacturer of high voltage semiconductor products, has transitioned ownership to its employees through an Employee Stock Ownership Plan (ESOP). Lazear Capital Partners (Lazear) proudly served as the exclusive financial advisor for the transaction.
The sale of VMI to an ESOP ensures the long-term stability and independence of the company while recognizing the employees who have driven its success for over four decades.
“When Ken and I founded VMI in 1980, our goal was to empower a team committed to solving challenges and growing together,” said Dennis Kemp, Co-Founder. “Becoming an employee-owned company carries that vision forward, reinforcing the pride our employees take in their contributions and the value they create for the company and our clients.”
VMI designs, manufactures, and tests high voltage semiconductor products, including diodes, multipliers, rectifiers, optocouplers, and custom power supplies. All production is completed at its Visalia, California, facility, serving military, industrial, medical, aerospace, and other high-reliability markets worldwide.
Steve Deis, Managing Director and California Market Leader at Lazear, reflected on the significance of welcoming California’s newest employee-owners, “It’s their dedication and heart that make VMI a community of people building something meaningful together,” he said. “This ESOP reflects the dedication of the team and strengthens VMI’s foundation, setting the stage for even greater success in the years ahead.”
Manufacturing is the largest industry to adopt ESOPs, with companies utilizing employee ownership to preserve independence, retain skilled employees, and support local economic growth.
About Voltage Multipliers Inc.
Voltage Multipliers Inc. (VMI) designs and manufactures high-voltage semiconductor products, delivering innovative solutions for military, industrial, medical, aerospace, and other high-reliability applications worldwide. Headquartered in Visalia, California, VMI combines engineering excellence with a collaborative, employee-driven culture.
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
