The Employee Stock Ownership Plan (“ESOP”) purchased 100% of the common stock of the Company in a leveraged ESOP recapitalization.

COMPANY
The Company is an information technology company that provides services-hardware procurement, software development, asset management, maintenance, in-field technician support and service desk.

OUR ROLE
Pendo Advisors, LLC served as independent financial advisor to the trustee of the ESOP and provided a fairness opinion in connection with the transaction.