Cahill-Stout Inc. dba A-R-T & Associates Transitions to ESOP Sponsored by Southeast Acquisition Capital

Mosaic Capital Partners Invests in Gautier Steel ESOP

August 11, 2023

Manufacturing

Mosaic Capital Partners led an investment into the newly formed Gautier Steel Holdings Inc. ESOP, supporting the combination of two mills operating in Johnstown, Pennsylvania. Financial partners in the transaction included Tecum Capital, Salem Investment Partners and Patriot Capital, and CEO Glen Buckley will continue to lead the business while employees receive substantial retirement benefits through the ESOP.

Strength Capital Partners and Neuberger Berman Recapitalize ESP Associates

July 9, 2025

Engineering Services

Strength Capital Partners closed a single-asset continuation vehicle to recapitalize ESP Associates, providing liquidity to Strength Capital’s existing investors and bringing in follow-on capital led by investment funds affiliated with Neuberger Berman. The transaction includes significant rollover by SCP and the ESP management team and is intended to fund organic growth and strategic add-on M&A to expand the platform’s geographic footprint and service offerings.

First Onsite Property Restoration Acquires All Restoration Solutions (ARS)

April 2, 2024

Construction

First Onsite Property Restoration has acquired All Restoration Solutions, LLC to expand its presence in the Atlanta, Georgia metropolitan area. ARS operates three locations in Georgia and one in South Carolina and provides commercial-focused services including reconstruction, mitigation, capital improvement and roofing; financial terms were not disclosed.

Alera Group Acquires ARISTA Consulting Group

September 12, 2022

Insurance

Alera Group has acquired ARISTA Consulting Group, an Atlanta-based employee benefits, retirement and financial planning consulting firm. The transaction expands Alera's capabilities in employee benefits and retirement services and strengthens its presence in the Southeast; terms were not disclosed.

CAPTRUST Acquires Ellwood Associates to Expand Endowment & Foundation Offering

August 26, 2021

Financial Services

CAPTRUST Financial Advisors has agreed to acquire Chicago-based Ellwood Associates, adding the firm's endowment, foundation and retirement-plan practice and bringing approximately 55 Ellwood employees into CAPTRUST. The deal expands CAPTRUST’s alternative investments and endowment & foundation capabilities and gives the firm its first Chicago office; the transaction was announced August 26, 2021 and expected to close in Q4 2021.

Horizon Transport and Wave Express Transition to Employee Ownership via ESOP

January 6, 2023

Trucking & Fleet

Horizon Transport and its affiliate Wave Express implemented an Employee Stock Ownership Plan (ESOP) effective December 31, 2022, transferring ownership from founder Marion Schrock to the companies' employees. The move makes Horizon and Wave Express 100% employee-owned (covering about 95 employees jointly) and was pursued by Schrock as a founder succession/exit alternative to a sale to private equity or competitors.