Greenberg Traurig Completes Employee Stock Ownership Plan (ESOP) Transaction for The Vertex Companies, Inc.
BOSTON, March 6, 2014 /PRNewswire/ -- The International law firm Greenberg Traurig represented The Vertex Companies, Inc. (VERTEX), a global provider of construction, environmental, energy, air quality and engineering solutions, in a 100 per cent sale of the company to its newly formed Employee Stock Ownership Plan (ESOP).
The Greenberg Traurig transaction team for the sale of VERTEX to the ESOP was led by shareholders Jeffrey S. Kahn in Boca Raton, and John F. Farraher, Jr. and Stephen T. Adams in Boston. They were assisted by Tax shareholders Brandon G. Feingold in Boca Raton and Larry Brenman and Richard Sirus in Chicago; and Corporate and Securities associates Timothy Manning, Abdullah Malik and Tatyana Rozenberg in Boston. The investment banking firm of CSG Partners worked closely with the Greenberg Traurig team, and was led by Director George Thacker.
Greenberg Traurig provided counsel in the areas of plan design, finance and banking arrangements, tax, employee benefits and other matters related to VERTEX's ESOP structure. The firm also advised in the areas of corporate and ERISA fiduciary duties.
"We are excited about the transition of ownership of our company to our valued employees. We believe that an ESOP is perfectly suited to help our company grow and enable us to maintain our strong culture, passion, dedication to customer service, and commitment to our communities," stated Jeffrey Picard, President of VERTEX, upon completion of the ESOP transaction.
Greenberg Traurig's ESOP Team includes ERISA, tax, corporate, finance, litigation, labor, securities regulation, and trusts and estates lawyers. As a result, clients work with an interdisciplinary team that offers wide-ranging experience in designing, drafting and implementing ESOPs to meet their diverse needs. The firm also assists clients in integrating their company's overall employee benefits program with their ESOP and works closely with the leading advisors in the ESOP community. Greenberg Traurig represents corporations, selling shareholders, ESOP trustees, private equity groups and lenders. Greenberg Traurig's depth in the relevant practice areas and broad geographic coverage enables it to respond quickly and efficiently to clients seeking ESOP assistance.
About Greenberg Traurig, LLP
Greenberg Traurig, LLP is an international, multi-practice law firm with approximately 1750 attorneys serving clients from 36 offices in the United States, Latin America, Europe, the Middle East and Asia. Greenberg Traurig is among the Top 10 law firms on The National Law Journal's 2013 NLJ 350, an annual ranking of the largest firms in the U.S. For additional information, please visit www.gtlaw.com.
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SOURCE Greenberg Traurig