New service line bolsters the firm's fully
integrated suite of solutions with a unique alternative for clients
seeking liquidity.
BOSTON, June 7, 2023
/PRNewswire/ -- Capstone Partners, a leading middle market
investment banking firm, has launched the formation of an Employee
Stock Ownership (ESOP) Advisory Group ("the Group"), amplifying its
full-scope suite of solutions offered to clients. This
strategic expansion underscores Capstone's commitment to providing
comprehensive financial solutions to clients and represents a
significant milestone in the company's continued growth.
New service line bolsters the firm's fully
integrated suite of solutions with a unique alternative for
clients.
The new ESOP capability allows Capstone to offer an effective
alternative for business owners wishing to transition ownership to
management and employees, while providing an attractive level of
personal liquidity and maintaining operating control. Additionally,
these qualified, defined contribution employee retirement plans
allow business owners to indefinitely defer all capital gains taxes
and create an entity that minimizes or eliminates income tax.
The Group's comprehensive services will range from feasibility
analysis—including dual-track evaluation—to transaction design,
capital structure optimization, and negotiation of all deal points.
The firm has immediate expansion plans in place to continue to
bolster the breadth of the Group. Read more about Capstone's
ESOP Advisory Services here.
Capstone's ESOP Group will be led by industry veteran
Jay Powers, who brings over 30 years
of experience in building and financing ESOPs across all 50 states
of the U.S. Under Powers' leadership, the Group will collaborate
closely with Capstone's M&A banking teams, advisors, and sector
experts, leveraging the firm's extensive national and cross-border
platform to assure that company shareholders, management, and
employees profit from the unique benefits that ESOPs transactions
can bring.
Powers has extensive experience in corporate financial
advisory and has been instrumental in leading ESOP groups at
multiple leading institutions including Navigant Capital and
Citigroup. Powers is also a professional member of the ESOP
Association and the National Center for Employee Ownership
(NCEO). He holds an MBA and a B.A. in Economics from
Georgia State University.
Olivia Ferris, Capstone's
recently promoted Chief Operating Officer, commented, "We are
thrilled to welcome Jay to Capstone as his leadership offers
clients yet another attractive option when considering a liquidity
event—one that benefits all stakeholders in many unique ways.
Capstone remains steadfast in expanding its positioning to optimize
client outcomes by offering expert advisory services across all
possible avenues."
Powers added, "ESOPs are currently experiencing an elevated
level of interest from many business owners and financing sources,
and for good reason. I'm excited to bring my transaction experience
in this area to the Capstone platform to enhance a powerful range
of options for clients to consider in the pursuit of a transfer of
ownership."
ABOUT CAPSTONE PARTNERS
For over 20 years, the firm has been a trusted advisor to
leading middle market companies, offering a fully integrated range
of investment banking and financial advisory services uniquely
tailored to help owners, investors, and creditors through each
stage of the company's lifecycle. Capstone's services include
M&A advisory, debt and equity placement, corporate
restructuring, special situations, valuation and fairness opinions,
and financial advisory services. Headquartered in Boston, the firm has 175+ professionals across
the U.S. With 12 dedicated industry groups, Capstone delivers
sector-specific expertise through large, cross-functional teams.
Capstone is a subsidiary of Huntington Bancshares Incorporated
(NASDAQ: HBAN). For more information, visit
www.capstonepartners.com.
For More Information Contact:
Rebecca Levesque
Director of Marketing
617-619-3318
rlevesque@capstonepartners.com
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SOURCE Capstone Partners