We provide expert consulting to help contractors explore ESOPs and other ownership transition strategies—maximizing value for you, your team, and your company’s future
ESOP for Contractors was founded by Gary Gray, an experienced ESOP CEO who has firsthand experience in navigating the ESOP transaction, maximizing the value of an Employee Ownership Culture and ultimately achieving nearly 3x growth in five years following the ESOP transaction. At ESOP for Contractors, we have helped owners create exit solutions customized to their business culture, maximizing the valuation at exit, sourced financing for significant liquidity events at closing and successfully executed succession plans on the selling shareholders' timeline.
Gary leads the dedicated construction practice at Tenor ESOP Partners, leaders in the ESOP advisory industry. Tenor’s unique approach focuses on the goals and strategic priorities of the selling shareholder creating extraordinary outcomes through employee ownership. Tenor’s deep construction expertise combined with practical knowledge provides Construction Business Owners a solution to unlock the value you deserve, protect the culture you created, position the business to accelerate growth beyond the transaction and create your long lasting legacy.
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You’ve worked hard and built something special, and now it’s time to think about what comes next. On one hand, you could liquidate and close your doors. Or, you could sell to a competitor, a strategic buyer, or a private equity firm, but what impact would that have on your team and the culture you’ve developed? This process also opens the door to invasive due diligence by the prospective buyer, putting you and your team in a vulnerable position.
If none of the above feels like the right next step, an ESOP (Employee Stock Ownership Plan) may be the answer. This strategic approach allows you to unlock wealth that is currently tied up in your business by essentially creating your own buyer, and including your team as shareholders. They won’t incur any personal risk, but will gain significant financial advantages, incentivization, and sense of ownership by having “skin in the game.” As an additional benefit, you retain control during the succession planning process, orchestrating an exit strategy on your own terms.
We know the General Contracting business and the Specialty Contractor business, and we know how to structure Contractor ESOP transactions.
Our leadership has built successful contracting businesses and exited in a way that secured ongoing value for everyone, from the owners to the team members who helped make that success possible.
Let’s answer your questions and see if an ESOP makes sense for your situation. If it does, our team can help you every step of the way.
An ESOP allows you to enjoy a sale that benefits both you and your employees by design, offering significant advantages:
It all starts with a conversation. We can explore the possibilities together and see if an ESOP is the right move before progressing to the next stage.
As we begin, we’ll model the financial aspects of the transaction, including the tax benefits. We’ll explore your business’ valuation, financing, and compare to other exit strategies. This is also an opportunity to explore the objectives of everyone involved, on both the buying and selling side, making sure we personalize the transaction to best meet your shared goals.
An ESOP is a qualified retire plan that invests solely in the stock of the sponsoring company. Over time, employees accumulate shares, which they can cash out upon retirement, departure, or under other circumstances defined by the plan.
Determining if an ESOP is a Good Fit
Setting Up the ESOP
ESOP for Contractors is the dedicated construction practice of Tenor ESOP Partners, who are leaders in the ESOP advisory industry.
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