CSG Partners Advises Gleason Research Associates on Sale to ESOP

Feb 18, 2016, 10:50 ET from CSG Partners

NEW YORK, Feb. 18, 2016 /PRNewswire/ -- CSG Partners served as co-financial advisor to Gleason Research Associates, Inc. (GRA) on its recent sale to an Employee Stock Ownership Plan (ESOP).

Based in Huntsville, Alabama, GRA is trusted provider of weapons systems engineering, inventory management solutions, training and operational support to the Department of Defense and other Federal agencies. Following the transaction, GRA is now 100% owned by its employees and its management team is unchanged.

"For over 30 years, GRA has built a culture of service to soldier and family," said Chuck Vessels, CEO/President of GRA. "GRA has always been proud of our role in supporting national security, as well as providing a great home for our employees. The ESOP allows us to reward and incentivize our employees, while positioning GRA for continued growth in support of our mission."

"It was a privilege working with GRA and its management team, and closing a transaction that was a 'win win' solution for the shareholders and employees," said George Thacker III, Managing Director at CSG Partners. KippsDeSanto served as the other financial advisor to GRA on the transaction. Thacker added, "It was also a privilege working alongside Bob Kipps, Marc Marlin and the team at KippsDeSanto, who provided invaluable industry knowledge throughout the transaction. Their expertise in the defense sector is simply unrivaled and I'm thankful we were able to combine our firm's ESOP expertise to deliver an outstanding result for GRA."

The GRA transaction is a continuing trend of ESOPs for defense and government contractors, with CSG Partners having recently closed six ESOP transactions in the sector.

About CSG Partners

CSG Partners, LLC is a boutique investment bank specializing in ESOPs for middle-market companies. Founded in 2001, the firm has built a reputation of having the nation's preeminent ESOP investment banking practice; CSG Partners has been named the "Boutique Investment Banking Firm of the Year" by both The M&A Advisor and ACG New York. The firm is headquartered in New York, and has additional offices in San Francisco and Washington DC.