Transpacific Management Service Company was owned by two individuals who wished to achieve partial liquidity for their holdings in the Company. In addition, both of these businesses owners were genuinely concerned about the security of their employees' jobs, wanted to enable those employees to benefit from the Company's continued success, and wanted to give Transpacific a competitive edge going forward.

BCC advised the shareholders in the design and implementation of a sale of 45 percent of the Company to an ESOP, and assisted the Company in the placement of financing for the Transaction. BCC also assisted the Company with its employee communication for the transaction.

The tax advantages of this transaction benefitted the selling shareholders as well as the Company, and the employees are truly excited about the opportunity to participate in the Company's future success. The sellers were able to defer all of their capital gains taxes from the sale.