50 years ago today, President Ford signed #ERISA into law and codified the modern #ESOP—a massive leap forward for #EmployeeOwnership. Here's to all the advocates, legislators, academics, and practitioners who paved the way for employee stock ownership plans and continue to foster the next generation of #EmployeeOwned American businesses. How did we get here? Corey Rosen, founder of The National Center for Employee Ownership (NCEO), shared Louis Kelso's vision and the ESOPs path to Capitol Hill with our Lawrence Kaplan. Read ahead for his unique perspective as well as a brief history of the modern ESOP, authored by CSG's Richard Harmon👇 Thanks again for lending your time, Corey. Happy Labor Day, everyone!
CSG Partners | ESOP Advisors
Investment Banking
New York, NY 4,695 followers
With a 20-year record & hundreds of transactions, we’ve earned our reputation as the nation’s top ESOP investment bank.
About us
Since 2000, CSG Partners has helped closely-held companies realize the unique benefits of employee stock ownership plans (ESOPs). Today, we're recognized as the nation’s leading leveraged ESOP practice. Private and family-owned companies seeking shareholder liquidity, tax relief, and employee benefits turn to our advisors. We’ve guided hundreds of clients through the ESOP formation process, from analysis, through capital raising, to closing. We are focused on a company's goals. While shareholder liquidity and tax efficiencies are part of the equation, the stakeholders in an ESOP are just as concerned about employee welfare and the legacy of the business. We understand the needs of clients and their advisors because we’ve walked in their shoes. In addition to former commercial bankers, attorneys, and accountants, our team of ESOP specialists includes former entrepreneurs and CEOs. That practical experience, combined with CSG Partners’ thought leadership and extensive analytical process, provides insights and strategies that drive desired outcomes for all stakeholders. Our team has been recognized by leading publications and organizations with over 40 Firm & Deal of the Year honors in the past decade alone.
- Website
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https://www.csgpartners.com
External link for CSG Partners | ESOP Advisors
- Industry
- Investment Banking
- Company size
- 11-50 employees
- Headquarters
- New York, NY
- Type
- Privately Held
- Founded
- 2000
- Specialties
- Mergers and Acquisitions, Capital Advisory, Investment Banking, M&A, Financial Services, ESOP, Employee Stock Ownership Plans, and Employee Ownership
Locations
Employees at CSG Partners | ESOP Advisors
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Stephen J. Berman
Mng. Dir. of CSG Partners..Experienced advisor to private companies on corporate finance, M&A and leveraged ESOPs
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Eitan Milstein
Investment Banking with an Emphasis on ESOP
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Richard Harmon
Managing Director @ CSG Partners, LLC | Seasoned Investment Banker, ESOP Specialist
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George Thacker, III
Managing Director
Updates
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#GovCon leaders & advisors - give this #podcast a listen. The Atlantic Council's James Hasik has done some outstanding research on the competitiveness of #EmployeeOwned #contractors. In short, they outperform their peers.
"If they actually have an ownership stake in the enterprise when you're going into work, it's your business, not the boss's business," said James Hasik. https://lnkd.in/ewrMZSSg #ESOPs #Contractors #FederaldrivewithTomTemin
Big or small business, ‘this’ type of federal contractor does the best job
https://federalnewsnetwork.com
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Engineering News-Record just named Suntec Concrete the Southwest's Top Specialty #Contractor. What's a secret of their success? Per CEO Derek Wright, "Suntec is committed to growing and developing people... [our #ESOP is] an expansion of that culture." Congrats to all the #EmployeeOwners at Suntec! Thanks for trusting our team to help guide your ESOP journey. Here's to continued success!
‘One-Team’ Mindset Keeps Suntec Climbing
enr.com
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The next installment of our "#ESOP Journey" series is a must-attend for any #Consulting, #ProfessionalServices, or #GovCon firm considering an employee stock ownership plan. Join TechFlow, Inc.'s founder, Robert Baum, as he recounts the #technology solutions provider's #EmployeeOwnership transition and their remarkable growth in the years since. Our Richard Harmon will moderate this live Q&A #webinar. We hope you'll join us! Register below 👇
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What's the most rewarding moment in an #ESOP transaction? Our George Thacker, III answered that question and more in a recent conversation with Modern Contractor Solutions. Here's a sneak peek at George's interview on #EmployeeOwnership and the #construction industry. We'll share the complete article as soon as it's published.
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📣 #Construction pros and trusted advisors - join us today for a unique roundtable featuring #ESOP insiders, leaders, and advocates as they share their personal experiences with #EmployeeOwned #AEC firms. We've already surpassed 100 registrations, and we're looking forward to a lively Q&A! Special thanks to our panelists: Maddie Towne Binke (Catamount Constructors), Michael Wolnick, CEPA® (Edward Jones), Sandy Shoemaker (Colorado Employee Ownership Office), Matthew Licina (Colorado Office of Economic Development and International Trade), and David Blauzvern (CSG Partners | ESOP Advisors)
REGISTER NOW: Construction's Sustainable Succession Tool
info.csgpartners.com
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Nearly 1 in 5 #ESOP sponsors are #construction firms, and interest in #EmployeeOwnership-led business transitions is surging across the #AEC industry. Our David Blauzvern covered the trend and highlighted some key ESOP benefits in the new issue of Construction Business Owner Magazine & Digital Media.👇
ESOP: An Independent Alternative to Mergers & Acquisitions
constructionbusinessowner.com
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Great coverage of Eureka Casino Resort's #ESOP journey in HotelExecutive. CEO Andre Carrier and his team are trailblazers. In 2016, they became the US's first 100% #EmployeeOwned #hospitality company. Today, they're thriving. We're proud to count Eureka among our clients, and we're thrilled to see their #EmployeeOwnership story shared as model for the #leisure industry!
Very grateful to HotelExecutive for giving us the platform to share how employee-ownership has positively empowered our team over the years and helped transform the communities in which we live, work, and play: https://lnkd.in/eh6Dd_Ya
Embracing Family and Employee-Ownership: The Eureka Casinos Story
hotelexecutive.com
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We're always happy to help advisors who share our passion for #EmployeeOwnership. Thanks for the great #ESOP write-up, Rebecca G. DiStefano, and for trusting Andrew Nikolai, CFA as a resource. It's a pleasure to collaborate with the Greenberg Traurig, LLP team!
This #GTAdvisory by Rebecca G. DiStefano evaluates four reasons why an #ESOP may be an attractive option in 2024 for a middle-market founder’s exit and succession planning, while establishing an employee ownership stake and potentially enhancing corporate profitability through tax incentives. In preparing the Advisory, Ms. DiStefano discussed with Andrew Nikolai, CFA, Vice President of CSG Partners, a New York investment bank specializing in ESOP M&A transactions, trends his firm has seen recently, including a trend towards partial sales, with founder shares sold to the ESOP in intervals. Read more here: https://buff.ly/4fhPz5Z.
ESOP Company Transactions: An Alternative Exit Strategy for Founders | Insights | Greenberg Traurig LLP
gtlaw.com
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Join us this Thursday alongside BEI | Exit Planning for a live #ESOP #webinar. David Blauzvern will walk through common use cases and important considerations. It's a great learning opportunity for #advisors who have been introduced to #EmployeeOwnership, but who have yet to take part in an actual transaction.
Exciting News! Join Us for Our Upcoming Webinar! 📅 Date: Thursday, July 11th, 2024 🕒 Time: 11:00-12:00 pm EST. "Unlocking an ESOP's Potential" David Blauzvern, an award-winning advisor with CSG Partners, will share the common use cases and metrics behind successful ESOP strategies. He’ll also explain how closely-held companies can maximize ESOP benefits as well as outline the costs and potential downsides of a typical transaction. This session is geared for advisors who have been introduced to ESOPs, but who have yet to apply an employee ownership strategy in a real-world engagement. 🔗 Register Here: https://lnkd.in/dzd3RuEu
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