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ESOP Summer School 41: Keith Butcher of ButcherJoseph

The EsOp Podcast: Keith Butcher, of ButcherJoseph & Co., Part 1

It's time for our annual EO/ESOP Podcast Summer School series. We've selected some of our favorite episodes over the past year for your enjoyment over the summer break.

In Part 1, Bret Keisling was joined by Keith Butcher, managing partner and co-founder of ButcherJoseph & Co., a national investment banking firm focused on middle market M&A and ESOP advisory. Keith shares his view that when mature ESOPs run into trouble, it is not because the ESOP structure is flawed, but that the company and leadership team has lost its entrepreneurial and strategic spirit. He discusses the positive interplay between private equity and employee ownership and why it's a good thing, and why companies should act like they're going to sell in 3 years, whether they intend to or not.

... or watch the video below.

This episode was originally published on November 23, 2023, as the first in a two-part series, which is now available in its entirety:


ESOP Summer School 41 Show Notes

Learn more by listening to previous episodes featuring ButcherJoseph professionals:

Episode 259 Guest

About Keith Butcher

Keith Butcher, managing partner at ButcherJoseph & Co., is an experienced speaker and financial thought leader. Keith co-founded ButcherJoseph in 2011 as a national investment banking firm focused on middle market M&A and ESOP advisory. That same year, Keith also co-founded Mosaic Capital Partners, the preeminent employee ownership private equity firm, focused on investing in lower middle market companies through an ESOP buyout.

For more than two decades, Butcher has been a leading advocate for employee ownership and inclusive capitalism. His team’s initiatives have enabled more than 400 companies to establish broad-based employee ownership, benefiting more than a million employees by allowing them to share in the equity they help generate.

Recently, Mr. Butcher testified for the House Small Business Committee’s hearing that examined the ability of employee-owned companies to access capital from the SBA.

Currently, he sits on the boards of six companies with broad-based employee ownership. Five of these companies are based in the United States and one in Europe.


We'd love to hear from you. You can find us on Facebook at EO Podcast Network and on X [Twitter] @EsOpPodcast. 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.


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