Thoughtful insights & credible opinions
Expert ESOP Valuations
Corporate transactions involving employee stock ownership plans (ESOPs) are typically complex and involve a variety of stakeholders, investors, trustees, and financial advisors with competing economic interests. Financing an ESOP transaction often involves seller debt, warrants, management incentive plans, synthetic equity securities, and bank debt. In addition, ESOP transactions involve the Department of Labor and ERISA valuation guidelines as well as tax structuring and corporate governance issues.
Our professionals have deep experience in ESOP transaction disputes and have served as valuation, corporate governance, and transaction structuring experts in multi-investor, leveraged ESOP transactions that have been the subject of post-transaction litigation. Since 2018, our experts have been retained in multiple high-profile ESOP transaction disputes and have successfully supported our opinions with compelling expert reports and testimony in various U.S. District Court venues.
Comprehensive analysis & counsel
Our ESOP Consulting Approach
Our experts take a focused and analytical approach to the buy-side and sell-side complexities of ESOP-related transactions.
Prior to accepting any new ESOP-related engagement, we conduct a preliminary analysis and provide an objective assessment of the valuation merits and economic attributes of the matter. We then work closely with our client during all phases of the engagement, including:
- Conduct an extensive quantitative analysis,
- Prepare our expert narrative report, and
- Provide expert testimony at deposition and trial.
Daniel R. Van Vleet, ASA
M&A/Shareholder Litigation, Tax Reporting & Disputes
David J. Neuzil, CFA, ASA
M&A/Shareholder Litigation, ESOP Disputes
William P. McInerney, ASA
Tax Reporting & Disputes, ESOP Disputes
David Clarke Co-Authors Chapters in "Valuing a Business"
2021 Year in Review: Leading in Valuation Theory and Practice
2021 Mid-Year Update: Major Cases and Accomplishments
