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CSG Partners and De Bellas & Co. Advise Hamilton-Ryker on Sale to ESOP

Published April 23, 2012 ■ Headline News

CSG Partners News Release (04/23/12)

CSG Partners LLC and De Bellas & Co announced that they served as financial advisors to the Hamilton-Ryker Group Inc. on its recent sale to an Employee Stock Ownership Plan. Hamilton-Ryker is now owned 100% by its employees. The terms of the transaction were not disclosed. As part of the ESOP transaction, the management team will remain the same, with Kelly McCreight continuing as president.

The Hamilton-Ryker ESOP continues the trend of staffing companies implementing ESOP buyouts. In addition to Hamilton-Ryker, CSG Partners has closed ESOP transactions for Burnett Staffing (Houston), Penmac Staffing (Springfield, MO), and Internal Data Resources (Atlanta).

Ortoli | Rosenstadt: What Exactly Is a Seller Responsible for When Selling Its Staffing Firm?

Buyers of a business generally expect sellers to be responsible for certain liabilities relating to when the seller owned its business—a concept mergers and acquisitions professionals refer to as indemnification. Indemnification is one of the most heavily negotiated, and potentially most significant, provisions of a purchase agreement, and understanding the terminology common to such agreements is essential when negotiating a deal. Attorney Paul Pincus of Ortoli Rosenstadt LLP explains what sellers are liable for, how a seller’s liability may be limited, and how buyers may seek to fund potential indemnity claims.

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CSG Partners and De Bellas & Co. Advise Hamilton-Ryker on Sale to ESOP

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