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Norwalk Furniture's long tradition of handcrafting fine custom upholstery began when the founders, newly arrived from Germany, began to upholster buggy seats for carriages 117 years ago. In 2008, the fourth generation of the family decided to close the company. But, 12 community-minded families banded together to buy the facility in order to keep jobs in the small town of Norwalk, Ohio. As time passed, these investor families needed to consider their vision for the company's future. They knew one thing for certain: they wanted to keep jobs in the local community of Norwalk, Ohio. As one of the town's largest employers - the decision to sell 100% of the company to an Employee Stock Ownership Plan was a game-changer for the business - and for the future of an entire town. Lazear is proud to have been the exclusive advisor to Norwalk Furniture in their ESOP transaction.

There is a lot of noise out there in the succession planning space. Our goal is to help make sense of your options. In this video, Ted Lape, Partner at Lazear Capital, highlights key reasons business owners are increasingly choosing Employee Stock Ownership Plans.

We'll be the first to tell you that ESOPs are not a one-size-fits all approach. ESOPs can be found in countless industries and formats. Ted Lape, Partner at Lazear Capital, highlights just a few in this video.

Our complimentary Feasibility Analysis is the beating heart of any ESOP transaction. Learn why we complete this comprehensive analysis for every potential ESOP client before we've signed an agreement to complete the transaction.

There is a lot of confusion about Employee Stock Ownership Plans. Watch Ted Lape, Partner at Lazear Capital, untangle some of that confusion and bring light to the reality behind these common misconceptions about ESOPs.

Planning forward makes all the difference. Choosing the right team of partners can help you problem solve for the challenges you face today and achieve your personal and financial goals for the future.

Lazear Capital Partners is a leading middle-market investment bank specializing in Employee Stock Ownership Plans (ESOPs) with offices in Ohio, Texas, Michigan, Georgia, California and Arizona.