ESOP Resources

Proposed tax code changes continue to dominate headlines. While talk of corporate, personal, and capital gains hikes echo throughout Capitol Hill, there’s been no legislative movement. This climate creates a fog for business owners considering a liquidity event.

The ESOP investment banking professionals at CSG Partners recently closed out the 2020 awards season with a series of major industry honors. Despite an unpredictable year, CSG’s advisors built upon their industry-leading reputation as employee stock ownership plan experts.

In late January, President Joe Biden named economist Jared Bernstein to the White House Council of Economic Advisors. Only days earlier, Bernstein published a major study on employee stock ownership plan adoption.

In the late 1990’s, Lawrence Kaplan was working on the sale of an established garment manufacturer. Facing a looming tax burden and buyers that didn’t appreciate his client’s value, the accounting consultant couldn’t make financial sense of an outright sale.

The Paycheck Protection Program (PPP) has been a lifeline for many businesses during the Coronavirus pandemic. But for businesses in the midst of transactions, and their financial partners, the program has been a double-edged sword.

Each year, the National Center for Employee Ownership (NCEO) recognizes the US’s largest ESOPs companies. The newly released 2020 EO 100 features multiple CSG clients, including NCEO’s #2 ESOP in the country.

Please Note:  this article was published prior to the completion of the 2020 US Election Cycle. November’s electoral outcome is far from certain, but a change in the White House – combined with ongoing fallout from the Covid-19 pandemic – may have a profound effect on the M&A landscape.

After 30 years of financial services leadership at top national and regional institutions, Patrick Trask has joined the CSG Partners team as a managing director.

CSG Partners took home top honors at the 2020 USA M&A Altas Awards. The gala, held March 5 in Washington DC, highlighted top firms and transactions across the across the M&A industry, including employee stock ownership plan deals and specialists.

Propelled by overwhelming bipartisan support, the Setting Every Community Up for Retirement Enhancement Act was formally passed by Congress in December 2019.