What if you could sell your business for full market value, keep your culture intact, and still reward the employees who helped you build it? In this episode of the Vital Wealth Strategies Podcast, host Patrick Lonergan sits down with Gary Gray, from Tenor ESOP Partners, to unpack how entrepreneurs can maximize value and create lasting wealth through an Employee Stock Ownership Plan (ESOP). Gary shares his personal story of selling his own business through an ESOP, growing it threefold afterward, and now guiding other owners through the same life-changing process. 

Patrick and Gary dive deep into what makes ESOPs such a powerful and often overlooked exit strategy. They explore how to determine if your business is a good fit, the tax advantages available to sellers, and how ESOPs can help preserve company culture while creating generational wealth for both owners and employees. Whether you’re planning your exit or just want to structure your business more strategically, this conversation reveals how the right approach can help you sell smart, protect your legacy, and stay engaged in the business you love. 

Key Takeaways: 

Learn More About Gary:

LinkedIn: Gary Gray, CEPA® | LinkedIn

Official Website: https://tenoresop.com

Resources:   

Visit www.vitalstrategies.com to download FREE resources     

Listen to the podcast on your favorite app: https://link.chtbl.com/vitalstrategies    

Follow on Instagram at https://www.instagram.com/vital.strategies      

Follow on Facebook at https://www.facebook.com/VitalStrategiesPodcast     

Follow on LinkedIn at https://www.linkedin.com/in/patricklonergan/     

Credits:    

Sponsored by Vital Wealth    

Music by Cephas    

Art work by Two Tone Creative 

Audio, video, research and copywriting by Victoria O'Brien