Employee Stock Ownership (ESOP) Attorneys for Maryland, Virginia, and Washington DC
Our Employee Stock Ownership Plans Practice Group primarily represents companies establishing and maintaining EMPLOYEE STOCK OWNERSHIP (ESOP) ATTORNEYS FOR MARYLAND, VIRGINIA, WASHINGTON DCESOPs, shareholders selling their shares to ESOPs, and ESOP companies and/or their shareholders in connection with the sale of the company to third parties. The Chair of our Practice, Christopher C. Roberts, has been a member of The ESOP Association for 23 years.
Representative transactions include:
- Representing the sole shareholder of a company in the sale of 100% of the outstanding stock to the ESOP for approximately $6 million, and in a subsequent refinancing of certain debt which arose from that transaction.
- Representing a company and its principal shareholders in the formation of its ESOP and its initial acquisition of 30% of the outstanding stock, subsequently in connection with various corporate matters involving ESOP considerations or the ESOP's acquisition of additional shares, and ultimately in the sale of the company to a public corporation for approximately $23 million.
- Representing a director/executive officer/minority shareholder of an ESOP company in the sale of additional shares to the ESOP and in the ultimate sale of the company to a public corporation for approximately $100 million.
- Representing a company with an ESOP that was a minority shareholder in corporate matters involving ESOP considerations, and in the ESOP's eventual acquisition of majority control of the company.