State Street Reconstruction | Madison, WI

MSA Completes Second Stage Transaction to go 100% Employee Owned

Posted on 07/26/2017 3:15 PM


MSA Professional Services, Inc. (MSA), a multidisciplinary consulting firm, has announced the successful transfer of 100% ownership of the company to its employees via an Employee Stock Ownership Plan (ESOP).
 
An ESOP is a qualified retirement plan that buys, holds and sells company stock for the benefit of the employees. It provides them with an ownership stake in the company, as well as the ability to slowly transition leadership of the company over time and reward the team who helped the company be successful.
 
 “This is an exciting step in MSA’s history, which will benefit our employees and the firm throughout our future,” said Gil Hantzsch, CEO of MSA. “I cannot express enough my gratitude to the shareholders of MSA whose actions have allowed us to achieve this milestone.” 
 
According to The Employee Ownership Foundation’s 24th Annual ESOP Economic Performance Survey, the majority of ESOP companies showed increases in productivity, revenue, stock value and profitability, all of which benefit employees.
 
ESOP Partners, an ESOP consulting and administration firm in Appleton, WI, assisted with the sale and will continue to work with the company as the ESOP consultant and third-party administrator. 
 
About MSA Professional Services, Inc.
MSA Professional Services, Inc. (MSA) is an employee-owned full-service multidisciplinary consulting firm serving clients throughout the Upper Midwest and Southern U.S. Based in 16 offices across Georgia, Illinois, Iowa, Minnesota, Wisconsin, and Texas, MSA partners with clients to help solve today’s complex and multi-faceted infrastructure challenges and improve the quality of neighborhoods. The firm focuses on providing exceptional professional services that build strong communities. For more information, visit www.msa-ps.com.
 
About ESOPs
Employee Stock Ownership Plans (ESOPs) are qualified retirement plans that buy, hold, and sell company stock for the benefit of the employees, providing an ownership stake in the company. ESOPs are the only retirement plan allowed to borrow money to purchase stock and are generally funded only by the company. Selling part or all of a business to an ESOP enables a business owner to sell to a built-in buyer in as little as 60-90 days at full fair market value. There are many significant tax and cash flow benefits of selling to an ESOP. An ESOP also allows for a better-managed ownership transition, preservation of local jobs, and the maintenance of a company’s legacy in the community. According to the National Center for Employee Ownership (NCEO) there are approximately 10,000 ESOPs in place in the U.S., covering 10.3 million employees. 


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