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Second-Stage ESOP Transactions

NCEO Webinar replays are the recorded version of our live Webinars, using PowerPoint presentations viewed online. To purchase a twelve-month subscription providing unlimited access to all recorded Webinars, including this one, follow this link. (Replays are not available for individual purchase.) Please contact our Colleen Kearney at 510-208-1311 or for additional information.

This replay was recorded on June 14, 2016.

About This Meeting

Most ESOPs purchase shares from owners in more than one transaction. Whether your company is planning such a transaction, or just starting an ESOP that will be done in stages, this Webinar will help you understand the key legal, valuation, and financial issues involved. Topics will include seller versus bank financing, whether the ESOP can pay for control in multi-stage transactions, how to deal with the impact of debt on the account value of existing employees after a second transaction, and how to help employees understand the implications of a second transaction.

You will learn:


David Solomon
Levenfeld Pearlstein, LLC
Financial and Administrative Issues
Michael McGinley, Prairie Capital Advisors, Inc.


Michael J. McGinley

presenter photologo

Prairie Capital Advisors, Inc.

Michael operates out of Prairie Capital Advisors' Atlanta office. He specializes in the valuation of businesses, business interests, and tangible and intangible assets for purposes of mergers and acquisitions (M&A), ESOPs, gift and estate planning, strategic planning, financial accounting and reporting, tax planning and compliance, buy-sell agreements and dispute resolution. Michael has provided financial advisory services to clients ranging from private equity firms to international public companies to smaller family-owned and startup businesses. Michael has performed valuation and financial advisory services in the following industries: architecture/engineering/construction firms, automotive, biotechnology, chemical, consumer goods, distribution, energy, entertainment, financial services (including accounting, banking and investment management), food and restaurant, health care and dentistry, high technology, management consulting and other service related firms, manufacturing, oil and gas, pharmaceutical, public relations, retail, transportation, telecommunications and utilities.

David Solomon

presenter photo

Levenfeld Pearlstein, LLC

David is a partner and Chair of the Corporate and Securities Department of Levenfeld Pearlstein, LLC. David also founded the firm's ESOP practice, which serves clients who are involved in various types of ESOP transactions. In addition to working on ESOP transactions and advising ESOP companies, David has extensive experience in structuring and consummating other types of mergers and acquisitions and financing transactions. He represents many middle-market companies in a general counsel capacity by handling various business law issues