Industry: Industrials / Construction & Engineering
Location: North Carolina
The Employee Stock Ownership Plan (“ESOP”) purchased 23.5% of the common stock of the Company in a leveraged ESOP recapitalization.
The Company represents manufacturers of the highest quality heating, ventilation and cooling (“HVAC”) equipment and controls available on the market today. The Company serves the Carolinas, Virginia and Tennessee areas in the selection and application of commercial and industrial HVAC, filtration and direct digital control systems.
Pendo Advisors, LLC served as independent financial advisor to the trustee of the ESOP and provided a fairness opinion in connection with the transaction.