Horizon Transport and Wave Express Transition to Employee Ownership via ESOP

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.

Warehouse Services Inc. Acquires Sky Transportation Services

September 28, 2023

Trucking & Fleet

Privately held 3PL Warehouse Services Inc. (WSI) has acquired El Paso-based Sky Trans Group Holdings, LLC (Sky Transportation Services), a regional truckload carrier focused on dry‑van and US–Mexico cross‑border freight. The deal is expected to add over $60 million in annual revenue to WSI and expand its cross‑border and Southwestern U.S. trucking capabilities, with Sky's CEO Albert Luna remaining in a leadership role.

Heartland Express Acquires Smith Transport, Inc.

June 1, 2022

Transportation

Heartland Express, Inc. (NASDAQ: HTLD) acquired 100% of the equity of Smith Transport, Inc. and related companies for an aggregate enterprise value of approximately $170 million. Smith Transport — an asset-based dry van truckload carrier headquartered in Roaring Spring, Pennsylvania with ~850 company tractors — will continue to operate under its existing leadership and brand while leveraging Heartland's scale for purchasing and cost synergies.

Mosaic Capital and Graycliff Support ESOP Acquisition of Custom Profile Holdings

April 23, 2019

Manufacturing

Mosaic Capital Partners led the creation of an Employee Stock Ownership Plan (ESOP) to acquire Custom Profile Holdings, a Grand Rapids-based manufacturer of plastic profile extrusions. Graycliff Partners provided $12.5 million of subordinated debt and structured equity to support the ESOP transaction, which transferred ownership from prior investor Blackford Capital and provides liquidity and growth capital to the business and employee-owners.

Mosaic Capital Partners Invests in Zero Waste Recycling ESOP

August 31, 2021

Environmental Services

Mosaic Capital Partners announced an investment in the newly formed Zero Waste Recycling ESOP, enabling employee ownership while providing capital to support growth. Financial partners on the transaction included Lafayette Square, Morgan Stanley Private Credit and Impact Engine; CEO Will Simmons will continue to lead the business from its two processing facilities in Charlotte, North Carolina and Lancaster, South Carolina.

Alpine Consolidated Sells Espresoh Tech, LLC to Its Management

December 9, 2021

Software

Alpine Consolidated has sold its ownership of US-based Espresoh Tech, LLC to the company's senior management team led by Marcel Barbulescu in a management buyout. Espresoh Tech will be led operationally by EU-based CEO Daniel Markovits as the company transitions to engineer/management ownership to align employee equity and support its strategic transformation.