 |
Gulf
Industries dba Signtronix, with sales offices throughout
the United States, is a leading designer and manufacturer
of signs for small, medium and large businesses. The
Company's signs have historically increased sales and
profits for its customers. Signtronix is
one of the ten largest Companies in this $10 billion
industry.
The Company founder had decided to sell the Company, and selected BCC
from a number of investment banks he had interviewed. BCC began the preparation
for conducting a sale process in order to sell the Company
to qualified strategic and financial buyers, and found considerable buying
intent from both groups.
The Company founder then determined that he did not want the Company
to be acquired by outside buyers who might change the Company's culture
and its committment to its employees and management.
|
Because
of its experience and capabilities in ESOPs, recapitalizations,
capital raising and M&A, BCC was able to assist the
client in evaluating other alternatives.
The client decided to sell 30 percent of his stock in the company to
the employees through a leveraged ESOP as the first step in a transaction
leading to full liquidity.
BCC designed the transaction, implemented the ESOP and placed
financing for this highly tax-advantaged transaction.
|
