{"id":3556,"date":"2025-02-01T12:41:33","date_gmt":"2025-02-01T17:41:33","guid":{"rendered":"https:\/\/www.stevenslee.com\/sesesop\/?post_type=transaction&p=3556"},"modified":"2026-07-21T16:35:46","modified_gmt":"2026-07-21T20:35:46","slug":"lone-star-communications-inc","status":"publish","type":"transaction","link":"https:\/\/www.stevenslee.com\/sesesop\/outcome\/lone-star-communications-inc\/","title":{"rendered":"Lone Star Communications, Inc."},"content":{"rendered":"\r\n\r\n\r\n

Lone Star Communications, Inc.<\/h1>\r\n
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Leading Communications Provider for Health Care and Educational Facilities Strengthens Culture and Long-Term Growth in Establishing Minority ESOP<\/h2>\r\n<\/div>\r\n<\/header><\/div>\r\n<\/header><\/div>\r\n<\/header><\/div>\r\n<\/header><\/div>\r\n<\/header><\/div>\r\n<\/header><\/div>\r\n<\/header><\/div>\r\n<\/header><\/div>\r\n<\/header><\/div>\r\n<\/header><\/div>\r\n<\/header><\/div>\r\n<\/header><\/div>\r\n<\/header>\r\n

Overview<\/strong><\/h3>\r\n
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Founded in 1991 in Grand Prairie, TX,\u00a0Lone Star Communications<\/a>\u00a0(Lone Star or the Company) is a premier provider of critical communication solutions for health care and educational facilities. Lone Star has expanded significantly over the past three decades, becoming a top five Rauland distributor and leading the industry in health care facility integrations. Company leadership credits this growth to their employees\u2019 technical expertise and dedication to delivering sophisticated, industry-focused solutions for clients.<\/p>\r\n

Situation<\/strong><\/h3>\r\n

Lone Star aimed to implement a business transition plan that strengthens its employee empowerment values, rewards its dedicated employees, provides liquidity for its shareholder and ensures continued investment in the Company\u2019s future growth. The Company sought a solution that would balance these objectives while ensuring continued operational efficiency and financial success. After thorough analysis, a minority employee stock ownership plan (ESOP) became the optimal objective.<\/p>\r\n

Solution<\/strong><\/h3>\r\n

Griffin Financial Group<\/a>\u00a0(Griffin), an affiliated company of SES ESOP Strategies, was engaged to explore various ESOP structures and financing alternatives that would meet the Company\u2019s goals and objectives. To maximize tax advantages and align the Company\u2019s financial objectives, a conversion to an S Corporation holding company structure was utilized.<\/p>\r\n

Griffin successfully conducted a capital raise process with prospective senior lenders and negotiated the terms of the senior financing package with the selected lender, ensuring the shareholder\u2019s liquidity goals were met while maintaining strong cash flow. Griffin also managed the trustee selection and due diligence processes and collaborated with SES, its affiliated ESOP-focused consulting firm, and\u00a0Stevens & Lee<\/a>, its affiliated law firm, to negotiate the terms of the deal and facilitate the Company\u2019s reorganization, providing a seamless transaction.\u201d<\/p>\r\n

By becoming a minority ESOP, Lone Star reinforced its commitment to its employees while positioning itself for continued growth and success in the industry.<\/p>\r\n

\u201cOur Company\u2019s growth and success are fueled by our dedication to innovation and our exceptional employees. The ESOP enables us to reward and share this success with the employees who have been instrumental in our growth,\u201d stated Ray Bailey, Founder and CEO of LSC Companies, Inc. \u201cWith the expertise of Griffin and Stevens & Lee, we seamlessly navigated this transition, ensuring that our workforce remains an integral part of our journey forward and directly benefits from the company\u2019s continued success.\u201d<\/p>\r\n

For more information about this ESOP transaction, please contact\u00a0Mark Russell<\/a>\u00a0at 817.566.1013,\u00a0Vince Capone<\/a>\u00a0at 215.508.7716,\u00a0Sean Tamba-Matthew<\/a>\u00a0at 610.988.0839 or\u00a0Kyle Priebe<\/a>\u00a0at 215.508.5637.<\/p>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\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-3556","transaction","type-transaction","status-publish","format-standard","hentry"],"acf":[],"yoast_head":"\nLone Star Communications, Inc. - SES ESOP Strategies<\/title>\n<meta name=\"description\" content=\"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.\" \/>\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\/lone-star-communications-inc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lone Star Communications, Inc. - SES ESOP Strategies\" \/>\n<meta property=\"og:description\" content=\"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.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.stevenslee.com\/sesesop\/transaction\/lone-star-communications-inc\/\" \/>\n<meta property=\"og:site_name\" content=\"SES ESOP Strategies\" \/>\n<meta property=\"article:modified_time\" content=\"2026-07-21T20:35:46+00:00\" \/>\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\\\/lone-star-communications-inc\\\/\",\"url\":\"https:\\\/\\\/www.stevenslee.com\\\/sesesop\\\/transaction\\\/lone-star-communications-inc\\\/\",\"name\":\"Lone Star Communications, Inc. - SES ESOP Strategies\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.stevenslee.com\\\/sesesop\\\/#website\"},\"datePublished\":\"2025-02-01T17:41:33+00:00\",\"dateModified\":\"2026-07-21T20:35:46+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\\\/lone-star-communications-inc\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.stevenslee.com\\\/sesesop\\\/transaction\\\/lone-star-communications-inc\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.stevenslee.com\\\/sesesop\\\/transaction\\\/lone-star-communications-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\":\"Lone Star Communications, 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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