Capstone Partners advised the Carr Company—a full-service manufacturers’ representative firm—on the creation of an Employee Stock Ownership Plan (ESOP). Terms of the deal were not disclosed.
Founded in 1967, The Carr Company is a premier manufacturers’ representative agency in Florida’s growing plumbing, mechanical, and HVAC industries. Carr offers an extensive product and service array—including inside and outside sales, analytics, warehousing, and design—and maintains entrenched and exclusive relationships with premier manufacturers such as Delta, Toto, and more.
Carr has operated as a family business across three generations and for more than 50 years. With the sale of the company to the ESOP trust, the legacy owners will continue to manage the business day-to-day for many years while transferring the financial benefits of ownership to Carr’s employees. Learn more about the Carr Company here.
Capstone’s expertise, depth, and unwavering attention to detail throughout the transaction exceeded all expectations. Their comprehensive understanding and precise communication of our business was truly impressive, and the reaction received from the lender and trustee community further affirmed that.
Jay Powers, Head of ESOP Advisory at Capstone, added, “Carr Company’s sale to an ESOP allows the company to retain its long-standing culture, cultivated by the founders many years ago, while also allowing current and future employees a share in the ongoing growth of the business. We’re proud to have advised them in the process and excited to see what the future holds for them.”
The expert investment banking professionals on Capstone Partners’ ESOP Advisory Team work with leading middle market companies to advise on their strategic decision-making in order to maximize financial outcomes at every stage of the business lifecycle. Our firm has developed a full suite of corporate finance solutions, including M&A advisory, debt advisory, financial advisory, and equity capital financing to help privately owned businesses and private equity firms address any need, ranging from growth and financial or operational advisement to an ultimate exit transaction. To learn more about this transaction, or about the benefits of starting a relationship with our ESOP Team, contact us.
