NEW YORK, March 26, 2015 /PRNewswire/ -- CSG Partners, announced today that it had advised Blue Global Media, LLC on its sale to an Employee Stock Ownership Plan.
Scottsdale, Arizona-based Blue Global Media is a leading consumer loan lead generation company. The Company has one of the largest network of affiliates that it uses to source these leads, and provides its customers with quality, real-time, leads based on its customer's criteria.
Blue Global Media's owner and CEO, Chris Kay, pursued the ESOP structure for the benefits it would provide to his firm's employees, the track record of increased performance and retention among new ESOP companies, as well as the tax advantages to the business. Mr. Kay will continue to run and grow the firm after selling to the ESOP, whereas a typical strategic-sale scenario would have involved him handing management over to an acquiring team. All of Blue Global Media's employees benefitted by gaining ownership in the form of shares in the ESOP.
"We see ESOPs as a natural continuation of our socially conscious environment," said Mr. Kay. "By giving our workers a true stake in our success, we hope to encourage other small businesses to adopt this employee-centric approach."
"The team who advised on our transaction lived up to CSG Partners' best-in-industry reputation and I couldn't be more pleased with the outcome they were able to accomplish for Blue Global Media," he added.
CSG Partners Managing Director, Richard Harmon, led the transaction team for Blue Global Media. Upon closing of the ESOP, Mr. Harmon said, "It was a privilege to work with Chris and his team to form an ESOP for a great company like Blue Global Media."
About CSG Partners
CSG Partners, LLC is a boutique investment bank specializing in ESOPs, mergers and acquisitions, and capital advisory services for middle-market companies. Our clients have spanned the full middle-market spectrum, with values ranging from $10 million to $1 billion. Founded in 2001, the firm has built a reputation of having the nation's preeminent ESOP investment banking practice. In 2013, CSG Partners was named the "Boutique Investment Banking Firm of the Year" by both The M&A Advisor and ACG New York. CSG Partners operates from offices in New York, San Francisco, and Washington DC.
SOURCE CSG Partners
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