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OAK BROOK, Ill. - illiNews -- Prairie Capital Advisors, Inc. ("Prairie"), a leading middle-market investment bank, acted as financial advisor to BC Construction Group, Inc. ("BC Construction Group" or "Company") in the sale of the company to an employee stock ownership plan.
Founded in 2009 in Brighton, MI, BC Construction Group had a clear vision from the beginning; to deliver the highest level of services to clients nationwide. At the start, BC Construction served a group of national developers including FedEx Ground, Owens & Minor and a 12-facility national rollout for American Tire Distributor. Today, BC Construction Group is a national design-build firm built to travel and deliver projects anywhere in the nation. The Company has significant expertise and experience in serving warehouse/distribution, manufacturing, R&D laboratories, healthcare, senior living, charter education, retail, and the general commercial market. BC Construction Group's team culture has attracted some of the best and brightest in the industry to apply their talents within a focused boutique firm.
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Prairie worked closely with the management team and sellers, providing ESOP advisory expertise and managing the preparatory, due diligence and negotiation phases of the ESOP transaction, as well as structuring the financing for the transaction. Terms of the transaction were not disclosed. "Transitioning to a 100% employee-owned company embodied our core values of treating one another with respect and taking pride in what we do. The ESOP is the best investment we can make to each other, including our clients, partners and the future of our business," says Mark Tomasik, President of BC Construction Group.
"The two-year planning process of transitioning to an ESOP helped all selling shareholders to decide on the best exit strategy for them and all stakeholders of the Company. The ESOP made perfect sense for BC Construction Group and will set them up for success in the future," commented Franco Silva, Director at Prairie. Dave Diehl, CEO at Prairie added, "The ESOP will not only enhance employee benefits, but will help the company retain talented employees who will be able to provide exceptional services to their clients. This transaction represents another successful construction engagement completed by Prairie as we continue to serve middle-market family- and founder-owned businesses in this industry."
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About Prairie Capital Advisors
Prairie offers investment banking, ESOP advisory, valuations & opinions and financial reporting valuations to support the growth and ownership transition strategies of middle-market companies. Headquartered in Oakbrook Terrace, Illinois, the company is a leading advisor to closely-held companies nationwide. In 2022, Prairie was named ESOP Investment Bank of the Year by M&A Atlas. For more information, visit www.prairiecap.com.
Founded in 2009 in Brighton, MI, BC Construction Group had a clear vision from the beginning; to deliver the highest level of services to clients nationwide. At the start, BC Construction served a group of national developers including FedEx Ground, Owens & Minor and a 12-facility national rollout for American Tire Distributor. Today, BC Construction Group is a national design-build firm built to travel and deliver projects anywhere in the nation. The Company has significant expertise and experience in serving warehouse/distribution, manufacturing, R&D laboratories, healthcare, senior living, charter education, retail, and the general commercial market. BC Construction Group's team culture has attracted some of the best and brightest in the industry to apply their talents within a focused boutique firm.
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Prairie worked closely with the management team and sellers, providing ESOP advisory expertise and managing the preparatory, due diligence and negotiation phases of the ESOP transaction, as well as structuring the financing for the transaction. Terms of the transaction were not disclosed. "Transitioning to a 100% employee-owned company embodied our core values of treating one another with respect and taking pride in what we do. The ESOP is the best investment we can make to each other, including our clients, partners and the future of our business," says Mark Tomasik, President of BC Construction Group.
"The two-year planning process of transitioning to an ESOP helped all selling shareholders to decide on the best exit strategy for them and all stakeholders of the Company. The ESOP made perfect sense for BC Construction Group and will set them up for success in the future," commented Franco Silva, Director at Prairie. Dave Diehl, CEO at Prairie added, "The ESOP will not only enhance employee benefits, but will help the company retain talented employees who will be able to provide exceptional services to their clients. This transaction represents another successful construction engagement completed by Prairie as we continue to serve middle-market family- and founder-owned businesses in this industry."
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About Prairie Capital Advisors
Prairie offers investment banking, ESOP advisory, valuations & opinions and financial reporting valuations to support the growth and ownership transition strategies of middle-market companies. Headquartered in Oakbrook Terrace, Illinois, the company is a leading advisor to closely-held companies nationwide. In 2022, Prairie was named ESOP Investment Bank of the Year by M&A Atlas. For more information, visit www.prairiecap.com.
Source: Prairie Capital Advisors
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