Verit Advisors Newsletter January 2021
Here is what’s new at Verit Advisors ®
Despite the impacts of COVID-19, Verit had a very active 2020 including new ESOP advisory, strategic alternatives, M&A and Board Advisory engagements.
Verit Advisors® advised a private equity-owned consumer products company on ESOP sale alternatives, which ultimately led to the company becoming a 100% ESOP-owned company. Verit provided expertise in ESOP structuring, valuation and debt capital markets allowing the company to evaluate and optimize its current and long-term objectives.
Verit Advisors® advised a financial services firm on ESOP sale alternatives, which ultimately led to the company becoming a 100% ESOP-owned company. Verit provided expertise in ESOP structuring and valuation allowing the company to remain independent.
Verit Advisors® advised Tecolote Research on transitioning from a partial ESOP to 100% ESOP. Verit provided ESOP structuring and valuation expertise allowing the company to remain employee owned. Tecolote Research is based in Santa Barbara, CA and provides decision support, program management, project controls, and software solutions.
Verit Advisors® provided board advisory services to a branded organic food company in evaluating strategic alternatives including M&A options. The Company offers a large selection of healthy and organic food products to diverse customers and end markets.
Verit Advisors® provided board advisory services to Concordance Healthcare Solutions in evaluating strategic alternatives. Concordance is based in Tiffin, OH and is one of the largest, independent, healthcare distributors in the United States.
Verit Advisors® provided board advisory services to Garney Construction in evaluating strategic alternatives. Garney is based in North Kansas City, MO and is a national leader in water and wastewater construction in the United States.
“The smart – and enduring – way to say thank you to essential workers.”
The food industry runs on cheap labor. Here’s how to change that business model for the better. Click here for the article.
ESCA just released a new study by Jared Bernstein – who was recently named to President-elect Biden’s White House Council of Economic Advisors – that examines obstacles to the creation of ESOPs and proposes approaches to encourage the formation of more employee-owned businesses. Click here for the research.
Verit Team News
Enzo Modesto recently joined Verit Advisors® as an Analyst. Enzo joined Verit Advisors from BofA Securities where he worked on M&A and capital markets transactions in the power, utilities and renewable infrastructure space. Enzo graduated with a Bachelor of Business Administration in Finance from the Canfield Business Honors Program at the University of Texas at Austin.
Mary Josephs joined the Rutgers University NJ/NY Center for Employee Ownership Advisory Board.