California Architecture Firm Completes ESOP Sale
Summit, NJ: Pilot Hill Advisors LLC is pleased to announce it recently assisted the senior principals of a design, implementation and financing of a partial sale of their shares to a newly-formed ESOP.
The CA based deisgn group focuses on architecture, planning and interior design. Founded decades ago, it firm serves the corporate and non-profit sectors throughout western U.S. with highly successful designs for corporate, technology, health care, civic, institutional and venture capital clients. Its projects encompass both new construction and tenant improvements and typically involve full architectural and interior design services, including furnishings.
After a strategic planning review, an ESOP was created to complement the existing ownership transition plan which will continue to include direct share purchases by selected professionals. The firm’s new ESOP will also provide a ready market for future share transactions and an opportunity for all employees to share in the value and growth of the company's stock.
Pilot Hill Advisors worked closely with the leadership team to analyze and develop this plan, which combined a diverse set of goals for the shareholders, firm and employees. If you would like to discuss how an ESOP may be used as part of your ownership transition plan, do call, get in touch today. We have served more A/E firms as ESOP advisor than any other firm in the country.