Phillip DeDominicis Discusses ESOPs in the Current Economy with Ohio Employee Ownership Center

Menke Managing Director Phillip DeDominicis recently participated in a conversation with Chris Cooper, Program Coordinator of the Ohio Employee Ownership Center (OEOC) at Kent State University, to discuss the state of the ESOP industry in the COVID economy.

In this discussion, Phil draws on his 30 years of investment banking experience to assess the realities of selling a business at this unique moment, and the benefits to owners of selling to an ESOP, even if you are not currently preparing to exit the business.

Topics covered include:

Trying to sell to an external buyer vs. selling internally to an ESOP
Facts about the M&A market in a down economy.
Partial ESOP transactions vs. 100% ESOP transactions
How an ESOP can provide security to business owners who intend to sell their business outright.

Watch the full video below:

Menke & Associates, Inc. has helped over 3,500 companies successfully transition to employee ownership. Our holistic ESOP approach enables a positive outcome for the company, its employees and its shareholders. We believe ownership is powerful.

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