OAKBROOK TERRACE, IL – September 12, 2023 – Prairie Capital Advisors, Inc. (“Prairie”), a leading middle-market investment bank, acted as financial advisor to The Baessler Group, PBC (“Baessler” or “Company”) in the transition of the company into an employee stock ownership plan.
The Baessler Group PBC, originally founded in 1968, is a new home builder that believes in the importance of quality craftsmanship and turning dreams into a reality. They are dedicated to a forward-thinking approach to stay relevant in the marketplace, implementing innovative practices and efficiency to deliver greater value for their homeowners. Committed to living out their company values, Baessler Homes is the destination for attainable homeownership with a passion for the homebuyer experience and leaving a lasting impact on the communities they serve in Northern Colorado.
Prairie worked closely with the leadership team and sellers, providing ESOP advisory expertise, and managing the preparatory, due diligence and negotiation phases of the ESOP transaction, as well as structuring the financing for the transaction. Terms of the transaction were not disclosed. “The team at Prairie was a tremendous resource for us throughout the process. We are grateful for the expertise and detail they provided to allow for this incredible opportunity,” says Jamie Baessler, CEO of The Baessler Group, PBC.
“It was an honor to get to work with such an incredible team at Baessler Homes. This company’s mission is so inspiring, and the ESOP should be a great compliment to everything they are doing,” commented Michael McGinley, Managing Director at Prairie. Himanshu Chaudhry, Vice President at Prairie added, “Baessler Group has a culture of putting people first. Implementing an ESOP adds to this culture by allowing employees to further participate in the company’s success.”
About Prairie Capital Advisors
Prairie is a leading financial advisory firm specializing in creating and executing ownership transition strategies for middle-market companies nationwide. In 2022, Prairie was named ESOP Investment Bank of the Year by M&A Atlas. For more information, visit www.prairiecap.com.
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Media Contact
Wendy Gugora, Director of Marketing
Prairie Capital Advisors, Inc.
630.413.5574
wgugora@prairiecap.com
