Release Date: 

Summit, NJ:  Pilot Hill Advisors is pleased to announce its client, an international, privately-held commercial equipment manufacturer, recently completed a partial ESOP buyout.

With operations in the U.S. and Europe, the company had been family-owned for generations and its stockholders were seeking an internal liquidity event that simultaneously preserved the company's independence and perpetuated its legacy. A minority ESOP buyout was selected to help achieve these objectives and to provide cash liquidity for the shareholders, who are now able to elect an indefinite deferral of their capital gains taxes. The remaining family members continue to own a majority of the company's stock and they continue to keep open many strategic alternatives for their remaining shares including becoming a 100% ESOP company.