Bret Keisling is joined by Jeff Buettner of ButcherJoseph & Co, who discusses challenges faced by mature ESOPs that go beyond repurchase obligations to funding organic and inorganic growth, achieving company goals, and assuring sustainability.
ButcherJoseph advises both the ESOP sell and trustee sides, which gives them valuable insights that lead to successful transactions and ongoing relationships. Jeff takes us through the lifecycle of an ESOP and discusses when and how expert advisors can be used. Often, focus on the mature ESOP translates to "how do we finance a repurchase obligation." Jeff goes beyond with an overview of various strategies including, changes to corporate structure, and even the ESOP partnering with minority owners, be it the management team or private equity. Read more about this issue in ButcherJoseph's recent blog post Common Challenges and Opportunities for Mature ESOP-Owned Companies by Jeff Buettner.
To hear more from ButcherJoseph, listen to Episode 209: Rising Interest Rates & ESOP Valuations with Albert del Pilar and Episode 220: Succession Planning - Starting the Process with Carter Smith.
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Episode 224 Show Notes
About Jeff Buettner
With nearly 20 years of valuation and financial opinion services experience, Jeff Buettner has provided valuation and financial advisory services for ESOP and non-ESOP companies in a multitude of industries. As a trusted financial advisor, Jeff has provided business and security interest valuations to stakeholders for a variety of purposes, including ESOP transactions and annual valuations, fairness opinions, solvency opinions, mergers and acquisitions, corporate planning, and financial recapitalization and restructuring.
In addition, Jeff has advised corporations, private equity groups, and owners of businesses on ownership succession alternatives, as well as corporate restructuring alternatives.
Jeff is a Board Member at the National Center of Employee Ownership and also serves on the Valuation Advisory Committee of The ESOP Association. In addition to his professional memberships, Jeff has been a frequent presenter at local, regional, and national conferences.
Prior to joining ButcherJoseph, Jeff spent nine years with Stout Risius Ross, Inc., where he most recently served as a Managing Director in the ESOP Advisory Services practice within the Valuation & Financial Opinions Group providing ESOP valuation and financial opinion services in a multitude of industries. Jeff started his career at PricewaterhouseCoopers before later joining a national valuation advisory services firm, where he performed and supervised numerous valuation and corporate financial advisory engagements.
Jeff earned a bachelor’s degree in Finance from the University of Kentucky and an MBA from the University of Pittsburgh.
About ButcherJoseph & Co.
ButcherJoseph & Co. is a boutique investment banking firm specializing in ESOPs, mergers and acquisitions, private capital sourcing and valuation advisory services for middle market companies. Their industry-recognized team of professionals has executed 200+ transactions exceeding $15 billion in total value. ButcherJoseph is headquartered in St. Louis with a presence in Washington, DC; Chicago, IL; Philadelphia, PA; Miami, FL; Palm Beach, FL; Charlotte, NC; and Nashville, TN.
The firm was founded and is managed by a group of highly experienced, dedicated professionals with significant work experience at premier, global investment banking franchises. They collaborate closely as a team to carefully develop tailored strategies and are fiercely devoted to achieving success for their clients.
We'd love to hear from you! To contact us, find us on Facebook at EO Podcast Network and on Twitter @ESOPPodcast. To reach Bret, with one "T", email Bret@KEISOP.com, on LinkedIn at Bret Keisling, and most actively on Twitter at @EO_Bret. This podcast has been produced by Bret Keisling for the EO Podcast Network, original music composed by Max Keisling, branding and marketing by BitsyPlus Design.
Standard Disclaimer: The views expressed herein are my own and don't represent those of my own firms or the organizations to which I belong. Nothing in the podcast should be construed as guidance or advice of any kind in any field and the fact that I mentioned an organizational website or an advocate or a company on a podcast does not reflect an endorsement, but if you've heard your name or your group's name mentioned on this podcast, I'd love to have you come on and talk about it yourself.