View Anthony Dolan‘s interview with David Solomon of Levenfeld Pearlstein, LLC, Inside the ESOP Sale: Deal Process, Trustee Obligations and What Buyers Can Expect.
Content covered:
- Anthony’s ESOP advisory experience
- Reasons ESOP companies pursue a sale
- Evaluating and responding to acquisition offers
- Preparing and marketing an ESOP company for sale
- Trustee duties and deal evaluation
- Buyer types and acquisition considerations
- Deal structure, risk and conflicts of interest
- Employee communication and ESOP market trends
View the full interview here, or choose from specific topics below.
- Anthony’s experience at Prairie Capital Advisors and his experience with ESOP advisory work
- Why some ESOP companies get sold
- When an ESOP sale makes strategic sense
- How to prepare for and respond to unsolicited offers
- How boards should approach bona fide offers
- The protocol and best practices for ESOP companies that are actively seeking a buyer
- How to build an effective marketing process game plan
- Understanding a trustee’s fiduciary duties and deal evaluation process
- Understanding the various types of potential buyers, and the pros and cons of each
- What a buyer needs to know when acquiring an ESOP company
- What to know about representations and warranties insurance (RWI) and rollover equity in ESOP deals
- The challenges with winding down an ESOP, and who is responsible for that work
- The importance of employee communication and education on the back end of the deal
- Managing trustee obligations and deal communications
- How to navigate conflicts of interest ahead of a potential sale
- The importance of creating and documenting a defendable process from beginning to end on an ESOP deal
- The current trends and best practices Anthony is seeing in today’s market
