3LS Acquires ESOP Advisory Firm 40 Million Owners

3LS, Inc. Acquires Intrust IT

November 18, 2025

IT Services

3LS, Inc., an employee-owned family of companies based in Nashville, acquired Cincinnati-based managed service provider Intrust IT and will fold the business into its 3LS Professional Services division. The deal expands 3LS's IT capabilities — particularly in managed services, cybersecurity, cloud computing and AI — and makes Intrust 100% employee-owned while positioning the combined business to scale its services nationally.

Elite Consulting Partners Acquires Advisor Successions, LLC to Launch Elite Advisor Successions

December 1, 2023

Financial Services

Elite Consulting Partners acquired Advisor Successions, LLC and will merge it into its Elite Corporate Services division to form a new entity called Elite Advisor Successions. The new business will offer a platform and consulting services to match qualified buyers and sellers in the financial advisory space, with Advisor Successions CEO Garrett Taylor staying on as Chief Acquisition Officer.

Morrow Sodali Acquires FrameworkESG

March 1, 2023

Consulting

Morrow Sodali acquired FrameworkESG, a specialty ESG consulting firm, to strengthen its ESG and governance advisory capabilities. The deal brings FrameworkESG's founders and senior leaders into Morrow Sodali's ESG Advisory practice to expand services and meet growing client demand; terms were not disclosed.

Mercer Advisors Acquires Sanford Advisory Services, LLC

May 4, 2022

Wealth Management

Mercer Global Advisors, Inc. has acquired Sanford Advisory Services, LLC, a Portage, Michigan-based wealth management firm managing approximately $1.1 billion in AUM/A and serving about 1,100 clients. The Sanford team of ten professionals, including founders Todd Sanford, Scott Williams and Brent Kerstetter, will join Mercer as the firm expands its Central U.S. presence.

LO3 Capital Provides Recapitalization Financing to Undisclosed National PEO and Workers' Compensation Services Provider

September 2, 2025

Insurance

LO3 Capital provided senior debt and preferred equity to support a U.S.-based owner-operator's recapitalization of a national provider of professional employer organization (PEO) and workers' compensation insurance services. The financing will facilitate an ownership transition, support technology enhancements, and fund growth initiatives to expand the company's national footprint and improve service automation.

InVision Communications Sold to Employee ESOP

December 29, 2021

Marketing & Advertising

ButcherJoseph & Co. served as exclusive financial advisor to InVision Communications on the sale of the company to the InVision Employee Stock Ownership Plan (ESOP). The transaction closed on December 29, 2021, making InVision 100% employee-owned; the agency is headquartered in the San Francisco Bay Area and provides integrated brand, experiential and communications services.