Press Releases

As a leader in advising, structuring and financing of business transitions, Verit Advisors is featured in the media and issues press releases to inform our clients and the industry of our activities. To learn more about the firm or to speak with one of our team members, please contact Kristin Ackerman at (312) 572-6215, or This e-mail address is being protected from spambots. You need JavaScript enabled to view it




Architectural Office Environments Becomes 100% Employee Owned
Wednesday, 25 April 2012 13:27

Chicago-Based Verit Advisors Completes ESOP Transaction for Office Furniture Distributor

 

Chicago, IL (PRWEB) April 25, 2012

Architectural Office Environments (AOE) announced the sale of the Company to a 100 percent Employee Stock Ownership Plan (ESOP) owned S-Corp. Verit Advisors, a Chicago-based investment banking firm, was engaged by AOE and its shareholders to advise on the sale of their ownership to the existing ESOP. Verit Advisors provided expertise in structuring a solution that optimized the shareholders’ objectives.

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Verit Advisors Opens Minneapolis Office
Tuesday, 24 April 2012 16:38

Brooks Myhran Joins Verit Advisors as Managing Director 

 

Chicago, IL (PRWEB) April 24, 2012

Verit Advisors announced the opening of a second office in Minneapolis and the addition of Brooks D. Myhran. Mary Josephs, Founder and CEO, of Verit Advisors formally made the announcement today at the National Employee Ownership Conference (NCEO). Myhran is named Managing Director bringing additional expertise in specialized valuation services and mergers and acquisitions to Verit Advisors.

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Verit Advisors Ruszkowski to Speak at Ohio Employee Ownership Conference
Tuesday, 03 April 2012 17:55

Ruszkowski to speak on "Practical Matters in Executing a Sale to an ESOP" 

Chicago, IL (PRWEB) April 03, 2012

Verit Advisors announces that Rob Ruszkowski, Vice President, will participate as a panelist at the Ohio Employee Ownership Center conference on Friday, April 20 in Akron. The topic is "Practical Matters in Executing a Sale to an ESOP" and Ruszkowski’s focus will be on the financial aspects of the sale to an ESOP and how it compares to traditional M&A. This session is geared towards small business owners who are looking for "beyond the basics" information on ESOPs. Ruszkowski has particular proficiency in sell-side M&A transactions involving a diverse set of middle market companies.

 

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Verit Advisors' Technical Director to Speak at NCEO Conference
Tuesday, 13 March 2012 18:50

Peter Abrahamson to speak on ESOP Transaction Structures in Current Tax Environment

 

Chicago, IL (PRWEB) March 13, 2012

More than 900 conference attendees will gather in Minneapolis to discuss ideas to keep employee ownership working at the National Ownership Conference. Peter Abrahamson, Technical Director at Verit Advisors,will speak about “Optimizing ESOP Transaction Structures in the Current Tax Business Environment” on Thursday, April 26. This session will be of interest to companies considering establishing an ESOP as well as companies considering increasing existing ESOP ownership.

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Verit Advisors CEO to Speak at NCEO Ownership Conference
Tuesday, 06 March 2012 14:59

Chicago, IL (PRWEB) March 06, 2012

Mary Josephs, Founder and CEO of Verit Advisors will speak on “Financial Strategies to Increase the Value ofESOP Companies” at the NCEO/Beyster Institute 2012 Employee Ownership Conference to be held in Minneapolis, Minnesota on April 25-27, 2012. Close to 900 business leaders and employee ownership and equity professionals will be in attendance.

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DANSKO RETAINS CULTURE WITH 100% ESOP
Friday, 10 February 2012 07:00

Thursday, February 9, 2012

CHICAGO-BASED VERIT ADVISORS COMPLETES ESOP TRANSACTION FOR LEADING SHOE COMPANY

 

CHICAGO, IL – February 9, 2012 – Dansko announced the sale of the company to a 100 percent Employee Stock Ownership Plan (ESOP) owned S-Corp. Verit Advisors, a Chicago-based investment banking firm, was engaged by Dansko to evaluate strategic alternatives, including various ESOP alternatives, for the selling shareholders. Verit provided expertise in ESOP valuation and structuring, M&A, and Debt Placement alternatives, allowing Dansko to evaluate and optimize their objectives.

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SPINNAKER COATING COMPLETES 100% EMPLOYEE-OWNED TRANSACTION
Thursday, 02 February 2012 17:51

Wednesday, February 2, 2012

CHICAGO-BASED VERIT ADVISORS IMPLEMENTS ESOP SALE FOR SPINNAKER COATING

 

CHICAGO, IL- February 1, 2012–Spinnaker Coating (the "Company") announces the sale of the Company to an Employee Stock Ownership Plan ("ESOP"). Verit Advisors, a Chicago-based investment banking firm, advised Spinnaker Coating on the transaction.

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CENTRAL STATES MANUFACTURING COMPLETES 100% EMPLOYEE OWNED TRANSACTION
Thursday, 12 January 2012 16:20

Monday, 19 December 2011

CHICAGO-BASED VERIT ADVISORS IMPLEMENTS OWNERSHIP TRANSITION FOR INDUSTRY LEADING MANUFACTURER OF METAL ROOFING PRODUCTS

 

CHICAGO, IL –December 19, 2011–Central States Manufacturing, Inc. announces the sale of the company to an Employee Stock Ownership Plan (ESOP). Verit Advisors, a Chicago-based investment banking firm, advised Central States on the transaction.

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Verit Speaking Announcement
Monday, 24 October 2011 20:45

verit announcement

 
NATIONAL VAN LINES EMPLOYEES TO SHARE THE WEALTH WITH NEWLY LAUNCHED ESOP
Friday, 01 July 2011 16:50

Chicago-Based Verit Advisors Creates Program for Moving Industry Pioneer

CHICAGO, IL – June 21, 2011 – National Van Lines, Inc. announced the sale of the company to a 100 percent Employee Stock Ownership Plan (ESOP) owned S-Corp. Verit Advisors, a Chicago-based investment banking firm, served as National Van Lines’ advisor on the transaction.

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CHICAGO FINANCIAL INDUSTRY VETERANS TEAM UP TO LAUNCH VERIT ADVISORS
Monday, 15 November 2010 16:30

Investment Banking Firm to Specialize in Corporate Finance Solutions for Private Businesses, Including ESOP Transactions, M&A and Debt Capital Markets

CHICAGO, IL - November 11, 2010 – Mary Josephs, a nationally-recognized leader in succession and liquidity transactions, today announced the launch of Verit Advisors LLC, an investment banking advisory firm specializing in mergers and acquisitions, employee stock ownership plan (ESOP) advisory, strategic alternatives and debt capital markets. Josephs will serve as Executive Managing Director of the new firm, Christopher Pigott will lead the mergers and acquisitions practice, John Solimine will head debt capital markets and Peter Abrahamson will lead the technical execution and valuation team.

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