Huizenga Group facilitates employee buyout of Parkway Electric & Communications via ESOP

BPAS Acquires ESOP One

September 8, 2026

IT Services

BPAS, a national retirement plans and employee benefits provider, announced its acquisition of ESOP One, an employee ownership technology platform for Employee Stock Ownership Plans (ESOPs). The deal expands BPAS’s ESOP practice by adding participant education and engagement technology—such as a participant portal and employer repurchase obligation portal—while ESOP One will also remain available as a standalone service.

Mosaic Capital Partners Invests in Ickler Electric ESOP

May 28, 2025

Construction

Mosaic Capital Partners has invested in the newly formed IE Group Holdings, Inc. ESOP (Ickler Electric), enabling a transition to employee ownership while founder Randy Minnier remains President and CEO. Financial partners on the transaction included UMB Bank and Lafayette Square, and Capstone Partners served as financial advisor to Ickler Electric; the Company employs nearly 350 people and is headquartered in Poway, California.

Principal Financial Group to Acquire Ascensus ESOP Business

May 20, 2024

Financial Services

Principal Financial Group announced a definitive agreement to acquire Ascensus’ employee stock ownership plan (ESOP) business, including its ESOP recordkeeping, ESOP Economics consulting, and Telescope software. The deal is anticipated to close around the end of Q2, adding roughly 800 plans and 165,000+ participants to Principal’s workplace savings and retirement solutions business.

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.

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.

The Pritzker Organization Recapitalizes STV Group, Inc.

October 29, 2019

Engineering Services

The Pritzker Organization (advising Tom Pritzker Family Business Interests) will recapitalize STV Group by purchasing ESOP-held shares and partnering with management to support future growth. The transaction, approved by STV's board and ESOP trustee Greatbanc Trust Company with Houlihan Lokey advising STV, is expected to close in December 2019.