Pendo Advises on Two ESOP Transactions for Gaming Equipment Provider and Building Products Company
Pendo’s busy 2021 continues as we recently advised on two separate ESOP transactions with a combined value of approximately $320 million. The sale transactions resulted in 100% ESOP ownership structures for a gaming equipment provider in the Midwest and a 100% ESOP ownership structure for a building products company. Pendo assisted the trustees in negotiations and provided fairness opinions related to the two transactions. Pendo continues to be a leader in assisting owners and fiduciaries in facilitating growth in employee ownership through the ESOP structure.