ESOP Transactions for Contractors: Essential Surety Considerations

It is no secret that many owners of companies within the construction industry face an unclear future as it relates to succession planning. With nearly 1,000 active Employee Stock Ownership Plans (ESOPs) within the construction industry – and more than 70 ESOPs formed within the industry just in the most recent year – there is a demonstrated history of long-term success of construction companies when employee ownership is implemented in contractors of all shapes and sizes. Join us for a discussion of the key factors a surety, an important stakeholder, should prioritize when a principal contemplates selling to an ESOP.