ESOP Legal and Financial Advisory Firms Steiker, Greenapple & Fusco and SES Advisors and Stevens & Lee/Griffin Combine
Combined Team Forms a Pre-eminent ESOP Practice
PHILADELPHIA, PA, September 4, 2018 – Stevens & Lee/Griffin and Steiker, Greenapple & Fusco, P.C. and its affiliated company, SES ESOP Strategies, Inc., today announced they have reached an agreement in principle to combine.
As part of this combination, eight ESOP professionals from SG&F and SES will join together with Stevens & Lee/Griffin ESOP professionals to form a pre-eminent multidisciplinary ESOP firm.
The new firm anticipates beginning operation as SES ESOP Strategies, a Stevens & Lee/Griffin Company on October 1, 2018.
Jim Steiker, Chairman and CEO of SES and Founding Partner and Chairman of Steiker, Greenapple & Fusco, will serve as President/CEO of SES ESOP Strategies and Ed Renenger, Chair of Stevens & Lee’s ESOP practice, will serve as COO.
“We are excited to join with Stevens & Lee/Griffin to continue and grow our national multidisciplinary ESOP practice,” said Jim Steiker. “Stevens & Lee/Griffin brings significant depth and breadth to our work and we believe this is a terrific platform to continue our mission of creating more employee ownership in America.”
“We look forward to working with this talented team of ESOP professionals from SG&F and SES,” said Ernie Choquette, President/CEO of Stevens & Lee. “This combination will create a significantly enhanced group that will provide value-added legal, consulting and investment banking services from one platform.”
Professionals in this new organization will continue to work with private company owners across the country to design, fund and implement transactions for succession and sale using Employee Stock Ownership Plans (ESOPs), and to assist current ESOPs to ensure long-term sustainability with substantial employee ownership.