Mary Beth’s practice has a special focus on business succession, including the sale of businesses to employee stock ownership plans (ESOPs) and other transactions involving ESOPs. Her ESOP experience was particularly impactful in 2021, as business owners began to reevaluate their business succession strategies and navigate “The Great Resignation.”

In 2021, she represented an international call center company in a transaction valued at more than $300 million, involving the sale of stock to an ESOP by more than 30 individual shareholders in exchange for cash, notes, and warrants. She represented a New Jersey-based construction company in its $50 million+ sale to an ESOP. The sale of 100% of the company’s stock to an ESOP by the grandson of the founder fulfilled a long-planned succession strategy and rewarded the company’s talented and loyal co-workers with an equity stake in the company’s value and she represented a transportation engineering consulting firm in its more than $80 million sale to a multidisciplinary management, engineering, and development consultancy. The merger expanded the company’s footprint in the U.S. and better positioned the company as a top transportation solutions provider in North America.

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