{"id":3532,"date":"2026-07-13T17:53:23","date_gmt":"2026-07-13T21:53:23","guid":{"rendered":"https:\/\/www.stevenslee.com\/sesesop\/?post_type=transaction&#038;p=3532"},"modified":"2026-07-13T17:53:23","modified_gmt":"2026-07-13T21:53:23","slug":"haverford-systems-inc","status":"publish","type":"transaction","link":"https:\/\/www.stevenslee.com\/sesesop\/transaction\/haverford-systems-inc\/","title":{"rendered":"Haverford Systems, Inc."},"content":{"rendered":"\r\n\r\n\r\n<h2 class=\"entry-title\">Haverford Systems, Inc.<\/h2>\r\n<header class=\"entry-header\" data-rocket-lazy-bg-42b7caed-91fc-43c7-a46d-ac3667e49a0d=\"excluded\">\r\n<div class=\"grid1120 entry-header-inner\"><header class=\"entry-header\" data-rocket-lazy-bg-f3314e5a-831b-4e84-b93c-34f1bff4eb3d=\"excluded\">\r\n<div class=\"grid1120 entry-header-inner\">\r\n<h3 class=\"header-description\">Commercial Audio-Visual Manufacturer and Integrator Bolsters Employee-Centric Culture, Becomes 100% Employee-Owned<\/h3>\r\n<\/div>\r\n<\/header><\/div>\r\n<\/header>\r\n<h4><strong>Overview<\/strong><\/h4>\r\n<p class=\"wp-block-paragraph\">Founded in 1987 and headquartered in Downingtown, PA, Haverford Systems, Inc. (\u201cHSI\u201d or the \u201cCompany\u201d) is a leading audio-visual manufacturer and solutions provider. Through its PTZOptics brand, HSI designs and manufactures an award-winning portfolio of video cameras, controllers, software and accessories used in professional video production and collaboration environments worldwide.<\/p>\r\n<p>In addition to its manufacturing operations, HSI provides audio-visual integration services to businesses across the Greater Philadelphia region. Operating at the forefront of AV technology, the Company designs, customizes, installs and maintains a broad range of solutions, including streaming and conferencing systems, integrated control systems, education technology solutions, video surveillance, wayfinding technology, sound masking and digital displays.<\/p>\r\n<p>HSI serves a diverse set of end markets, including corporate, government, health care, manufacturing, sports and senior care. The Company is community-minded and committed to sustainability. Management attributes HSI\u2019s decades-long success to its tech-forward workforce, whose expertise and commitment to service drive high-quality project execution<\/p>\r\n<h4><strong>Situation<\/strong><\/h4>\r\n<p>HSI owners had prepared for an ownership exit by transitioning day-to-day business operations to the next generation of management and ultimately sought a business succession strategy that would reward the commitment of their employees with the benefits of future success, sustain Company growth and allow for a liquidity event for exiting stakeholders. After a thorough analysis of alternative options, a 100% employee stock ownership plan (ESOP) achieved all the desired goals for the business\u2019 evolution.<\/p>\r\n<h4><strong>Solution<\/strong><\/h4>\r\n<p>HSI engaged\u00a0<a href=\"https:\/\/sesesop.com\/\">SES ESOP Strategies (SES)<\/a>\u00a0and its affiliated law firm,\u00a0<a href=\"https:\/\/www.stevenslee.com\/\">Stevens &amp; Lee<\/a>, to structure the ESOP transition plan. SES team members conducted financial due diligence and modelled the proposed ESOP structure. They managed critical elements of the transaction, including a capital raise, trustee selection and due diligence, term sheet negotiations and guidance through closing. Across this process, Stevens &amp; Lee attorneys assisted with the sale and prepared transaction-related documents and negotiated the financing agreements with the Company\u2019s senior lender.<\/p>\r\n<p>\u201cRewarding the commitment of our employees was our top priority in planning the evolution of our business,\u201d said Joseph Mulcahy, President of HSI. \u201cSES and Stevens &amp; Lee provided exceptional client service, guiding the financing and technical details of the transaction and positioning our workforce to benefit from the future success of the company.\u201d<\/p>\r\n<p>For more information on this transaction, please contact\u00a0<a href=\"https:\/\/sesesop.com\/team_member\/edward-c-renenger\/\">Ed Renenger<\/a>, President and CEO, at 610.478.2238,\u00a0<a href=\"https:\/\/sesesop.com\/team_member\/vincent-j-capone\/\">Vince Capone<\/a>, Sr. Vice President, at 215.508.7716, ,\u00a0<a href=\"https:\/\/sesesop.com\/team_member\/kyle-s-priebe\/\">Kyle Priebe<\/a>, Sr. Associate, at 215.508.5637 or\u00a0<a href=\"https:\/\/sesesop.com\/team_member\/f-davis-rosato\/\">Davis Rosato<\/a>, Sr. Financial Analyst, at 215.508.7706.<\/p>\r\n","protected":false},"featured_media":0,"menu_order":0,"template":"","format":"standard","meta":{"_acf_changed":false,"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0},"categories":[],"tags":[],"class_list":["post-3532","transaction","type-transaction","status-publish","format-standard","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Haverford Systems, Inc. - SES ESOP Strategies<\/title>\n<meta name=\"description\" content=\"Waldron engaged SES ESOP Strategies, along with its affiliated law firm,\u00a0Stevens &amp; Lee, to structure the new ESOP plan and guide the Company through the transaction process.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.stevenslee.com\/sesesop\/transaction\/haverford-systems-inc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Haverford Systems, Inc. - SES ESOP Strategies\" \/>\n<meta property=\"og:description\" content=\"Waldron engaged SES ESOP Strategies, along with its affiliated law firm,\u00a0Stevens &amp; Lee, to structure the new ESOP plan and guide the Company through the transaction process.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.stevenslee.com\/sesesop\/transaction\/haverford-systems-inc\/\" \/>\n<meta property=\"og:site_name\" content=\"SES ESOP Strategies\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.stevenslee.com\\\/sesesop\\\/transaction\\\/haverford-systems-inc\\\/\",\"url\":\"https:\\\/\\\/www.stevenslee.com\\\/sesesop\\\/transaction\\\/haverford-systems-inc\\\/\",\"name\":\"Haverford Systems, Inc. - SES ESOP Strategies\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.stevenslee.com\\\/sesesop\\\/#website\"},\"datePublished\":\"2026-07-13T21:53:23+00:00\",\"description\":\"Waldron engaged SES ESOP Strategies, along with its affiliated law firm,\u00a0Stevens & Lee, to structure the new ESOP plan and guide the Company through the transaction process.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.stevenslee.com\\\/sesesop\\\/transaction\\\/haverford-systems-inc\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.stevenslee.com\\\/sesesop\\\/transaction\\\/haverford-systems-inc\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.stevenslee.com\\\/sesesop\\\/transaction\\\/haverford-systems-inc\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.stevenslee.com\\\/sesesop\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Transactions\",\"item\":\"https:\\\/\\\/www.stevenslee.com\\\/sesesop\\\/transaction\\\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Haverford Systems, Inc.\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.stevenslee.com\\\/sesesop\\\/#website\",\"url\":\"https:\\\/\\\/www.stevenslee.com\\\/sesesop\\\/\",\"name\":\"Griffin Financial Group\",\"description\":\"TAILORED ESOP SOLUTIONS. 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