Saint Louis, MO –ButcherJoseph & Co. (“ButcherJoseph”) served as unique monetary advisor to Brewing Science Institute (“BSI” or the “Firm”) on its sale to an Worker Inventory Possession Plan (ESOP). Established in 1996, BSI is situated 8,500 ft in elevation within the scenic foothills of Pikes Peak and helps skilled brewers obtain optimum brewing outcomes. The transaction closed in January 2023.
Since its founding, BSI has achieved sustained and resilient development by offering prospects with constant, high-quality services and products. With a various buyer base of over 1,300 micro- and macro- brewers internationally, and 300+ distinctive yeast strains provided year-round, the Firm’s capabilities are unmatched within the {industry}.
Given the scientific and technical experience required to develop yeast successfully, BSI’s hands-on method to customer support and high quality merchandise generated immense buyer loyalty and industry-leading retention charges.
“On account of this transaction, BSI is now 100% worker owned, permitting our staff to learn from their arduous work and dedication by taking part within the monetary advantages of its future development,” acknowledged BSI co-founders David Bryant and Brian Pearson in a joint assertion. “We’re delighted with the result of the transaction and stay up for many extra years of continued success.”
ButcherJoseph Vice President Carter Smith acknowledged, “An ESOP buyout completed a number of strategic aims for the Firm. It supported David and Brian’s succession planning targets, rewarded a devoted worker base by permitting them to take part in long-term development, bolstered an already spectacular tradition, and can assist retain and appeal to future expertise whereas protecting BSI’s present management and worker base intact.”
“BSI is a superb firm with a vibrant future. It was a real pleasure to work with David, Bryan and the BSI staff on this transaction and we stay up for the continued success of the Firm,” added ButcherJoseph Vice President Rick Hennessey.
Concerning the Brewing Science Institute
BSI is a microbiology laboratory producing yeast cultures and offering consulting companies for the brewing {industry}. For over 25 years, BSI has served as a devoted useful resource to assist brewers choose and incorporate one of the best yeast strains to satisfy their aims. BSI’s mission has at all times been to assist skilled brewers obtain optimum brewing outcomes.
About ButcherJoseph & Co.
ButcherJoseph & Co. is a boutique funding banking agency specializing in ESOPs, mergers and acquisitions, non-public debt & capital sourcing and valuation advisory companies for center market corporations. Its {industry} acknowledged staff of execs has executed 200+ transactions exceeding $15 billion in complete worth. ButcherJoseph is headquartered in St. Louis, MO with a presence in Washington, DC and workplaces in Chicago, Charlotte, Scottsdale, and Nashville.
Different Transaction Service Advisors
Polsinelli PC served as authorized advisor to BSI. Miguel Paredes of Prudent Fiduciary Providers, LLC served as ESOP Trustee and Morgan Lewis served as ESOP Trustee authorized counsel.
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