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Initial ESOP Transactions: Valuation, Legal and Financing Considerations | MNCEO
This event will provide you with practical knowledge of how to become a partner for companies looking to finance an ESOP transaction.
Learn how financing an initial ESOP can benefit the lenders by being in a good position to maintain an annuity of lending opportunities in the future. This will include a walk-through of governance (valuation, legal, trustees, etc.)
About Sue:
As the founding executive director of the Minnesota Center for Employee Ownership, a nonprofit 501c3 organization created in 2020 to serve as a free and unbiased hub for education and resources on all forms of employee ownership, Sue has successfully introduced the growing nonprofit organization to more than 500 business owners and their advisors throughout Minnesota.
Prior to joining MNCEO, Sue served as the executive director of the Minnesota/Dakotas Chapter of The ESOP Association for 30 years.
About Hillary:
Hillary Hughes joined Prairie Capital Advisors in 2011 and is a shareholder in the firm. She provides strategic insights to assist business owners and boards of directors to address long-term ownership transaction goals. Hillary has been highly involved in the structuring and valuation related to employee stock ownership plans (ESOPs) on behalf of ESOP Trustees as well as business owners. Hillary provides financial advisory services to clients ranging from small family-owned businesses to large multi-national conglomerates. She specializes in the valuation of businesses and business interests for purposes of mergers and acquisitions (M&A), ESOPs, gift and estate planning and strategic planning. Hillary is also instrumental in developing Prairie’s trust-side ESOP practice.
About Jeff:
Jeff Cairns, a partner at Stinson LLP, advises employers and administrators on ERISA and employee benefit matters, including qualified and nonqualified pension and profit sharing plans, ESOPs, welfare and fringe benefit plans. Jeff, who is a certified public accountant, also provides tax and compensation planning advice for owners of closely held businesses and for executives of public and private companies. Jeff is a frequent lecturer for Minnesota Continuing Legal Education and other legal education programs and a regular contributor to the firm's Benefits Notes blog.
About Brock:
Brock is Managing Director and part of the National Commercial Banking team, and has been with CIBC for roughly 5 years. Brock has a portfolio of existing clients and is responsible for the day-to-day portfolio and relationship management of those clients, in addition to business development responsibilities for the MN, ND and SD markets including heading up the ESOP banking efforts for CIBC in those markets. Previously Brock was with US Bank for 13 years, and also was the VP of a 100% employee-owned regional industrial supply distribution company directly prior to his time at CIBC.
Contact Information:
[email protected] - Sue Crockett
[email protected] - Hillary Hughes
[email protected] - Jeff Cairns
[email protected] - Brock Peterson
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By Rick BrimacombThis event will provide you with practical knowledge of how to become a partner for companies looking to finance an ESOP transaction.
Learn how financing an initial ESOP can benefit the lenders by being in a good position to maintain an annuity of lending opportunities in the future. This will include a walk-through of governance (valuation, legal, trustees, etc.)
About Sue:
As the founding executive director of the Minnesota Center for Employee Ownership, a nonprofit 501c3 organization created in 2020 to serve as a free and unbiased hub for education and resources on all forms of employee ownership, Sue has successfully introduced the growing nonprofit organization to more than 500 business owners and their advisors throughout Minnesota.
Prior to joining MNCEO, Sue served as the executive director of the Minnesota/Dakotas Chapter of The ESOP Association for 30 years.
About Hillary:
Hillary Hughes joined Prairie Capital Advisors in 2011 and is a shareholder in the firm. She provides strategic insights to assist business owners and boards of directors to address long-term ownership transaction goals. Hillary has been highly involved in the structuring and valuation related to employee stock ownership plans (ESOPs) on behalf of ESOP Trustees as well as business owners. Hillary provides financial advisory services to clients ranging from small family-owned businesses to large multi-national conglomerates. She specializes in the valuation of businesses and business interests for purposes of mergers and acquisitions (M&A), ESOPs, gift and estate planning and strategic planning. Hillary is also instrumental in developing Prairie’s trust-side ESOP practice.
About Jeff:
Jeff Cairns, a partner at Stinson LLP, advises employers and administrators on ERISA and employee benefit matters, including qualified and nonqualified pension and profit sharing plans, ESOPs, welfare and fringe benefit plans. Jeff, who is a certified public accountant, also provides tax and compensation planning advice for owners of closely held businesses and for executives of public and private companies. Jeff is a frequent lecturer for Minnesota Continuing Legal Education and other legal education programs and a regular contributor to the firm's Benefits Notes blog.
About Brock:
Brock is Managing Director and part of the National Commercial Banking team, and has been with CIBC for roughly 5 years. Brock has a portfolio of existing clients and is responsible for the day-to-day portfolio and relationship management of those clients, in addition to business development responsibilities for the MN, ND and SD markets including heading up the ESOP banking efforts for CIBC in those markets. Previously Brock was with US Bank for 13 years, and also was the VP of a 100% employee-owned regional industrial supply distribution company directly prior to his time at CIBC.
Contact Information:
[email protected] - Sue Crockett
[email protected] - Hillary Hughes
[email protected] - Jeff Cairns
[email protected] - Brock Peterson