NEW YORK, Feb. 19, 2015 /PRNewswire/ -- CSG Partners, the New York-based boutique investment bank, announced that it advised HealthCare Appraisers, Inc. (HAI) on its sale to a newly formed Employee Stock Ownership Plan (ESOP). Following the transaction, HAI is now 100% employee owned.
Headquartered in Delray Beach, Florida, with offices in Chicago, Dallas, Denver, Nashville, and Philadelphia, HAI provides fair market value consulting and valuation services to healthcare and life sciences clients nationwide. The company's clients include hospitals, physician practices, ambulatory surgery centers, imaging centers, radiation oncology centers, and other healthcare providers, as well as healthcare law firms, and pharmaceutical and medical device companies.
Daryl Johnson, the Managing Partner of HAI, commented, "We are excited about the transition to ESOP ownership, which is an ideal solution for HAI, its shareholders, and employees. As a professional services company, we want to create a dynamic work environment for our employees who are critical to our success." Johnson further stated, "We were introduced to CSG Partners and were extremely impressed with their sophistication, turnaround time, and expertise. From the structuring, analytics, capital raising, and negotiations, they were invaluable to the success of our ESOP transaction."
The transaction team at CSG Partners was led by Managing Director George Thacker III, who stated, "It was a privilege to work with a leading company like HealthCare Appraisers. The ESOP transaction creates liquidity for shareholders, ensures the company remains privately-owned, and it allows employees to benefit in the company's future success."
Greenberg Traurig LLP, one of the nation's largest law firms, served as legal counsel to HAI on the ESOP transaction. The transaction legal team was led by Jeffrey Kahn, David Peck, Rebecca DiStefano, and Brandon Feingold.
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. CSG's 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. CSG Partners has been 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.
Contact
Zach Stevens
CSG Partners
212-584-5091
[email protected]
SOURCE CSG Partners
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