Pendo wrapped up a busy 2022 by recently advising on three transactions including two newly formed ESOPs and a recapitalization of an ESOP company through a private equity firm.

The two newly formed ESOP transactions involved the sale of an oil & gas equipment distributor in the Southwest to an ESOP and the sale of a construction and engineering firm in the Midwest to an ESOP. The private equity recapitalization involved an ESOP owned HVAC firm in the Southeast. In all three transactions, Pendo assisted the trustees in negotiations and provided fairness opinions related to the respective transactions. Pendo continues to be a leader in assisting owners and fiduciaries in facilitating growth in employee ownership through the ESOP structure.