{"id":3569,"date":"2024-06-01T15:47:55","date_gmt":"2024-06-01T19:47:55","guid":{"rendered":"https:\/\/www.stevenslee.com\/sesesop\/?post_type=transaction&p=3569"},"modified":"2026-07-31T10:48:01","modified_gmt":"2026-07-31T14:48:01","slug":"mcg-utilities","status":"publish","type":"transaction","link":"https:\/\/www.stevenslee.com\/sesesop\/outcome\/mcg-utilities\/","title":{"rendered":"Multi-Utility Construction Company Values Dedication of Workforce, Becomes 100% Employee Owned"},"content":{"rendered":"

Multi-Utility Construction Company Values Dedication of Workforce, Becomes 100% Employee Owned<\/h1>\n

Overview<\/strong><\/p>\n

Across more than 25 years, MCG Utilities<\/a> has grown to offer a full range of construction, engineering and procurement services that support large-scale utility operations spanning industries nationwide. Based in West Chester, PA, the company has built a reputation for delivering custom and innovative solutions to infrastructure and construction jobs, serving as a single-source provider of all project elements from planning, permitting and design to engineering and construction. MCG leadership attributes business success to the dedication of its highly-trained and specialized workforce of operators, technicians and construction crews.<\/p>\n

Situation<\/strong><\/p>\n

MCG\u2019s leadership sought a business transition plan that would provide business equity and future growth rewards to its employees, sustain long-term growth and create liquidity for its shareholders, all while maintaining the independence and customer-focused legacy of the company. A 100% employee stock ownership plan (ESOP) emerged as the ideal fit for these goals.<\/p>\n

Solution<\/strong><\/p>\n

MCG engaged SES ESOP Strategies and its affiliated law firm,\u00a0Stevens & Lee<\/a>, to deliver the ESOP plan and guide the transition to full employee ownership. SES provided\u00a0financial due diligence<\/a>, assisted in\u00a0structuring and forming the ESOP<\/a>,\u00a0raised financing<\/a>\u00a0and negotiated financial terms with the lender. Stevens & Lee collaboratively prepared the ESOP plan, all transaction documents and structured a Stock Appreciation Rights Plan to benefit future company leaders. In June 2024, in its fastest-ever transaction from engagement to closing, SES achieved all business transition goals in only three months.<\/p>\n

\u201cWe thrive because of the dedication and technical skill of our employees, and an ESOP was the perfect approach to reward their commitment and ensure they benefit from the company\u2019s continued success,\u201d said Phil Seeherman, Chief Financial Officer of MCG. \u201cSES and Stevens & Lee executed on all details of the ESOP transaction with the efficiency and high-quality service our business values.\u201d<\/p>\n

For more information, please contact\u00a0Jim Steiker<\/a>, Chairman, at 215.508.5643.<\/p>\n","protected":false},"featured_media":0,"menu_order":0,"template":"","format":"standard","meta":{"_acf_changed":false,"_exactmetrics_skip_tracking":false},"categories":[],"tags":[],"class_list":["post-3569","transaction","type-transaction","status-publish","format-standard","hentry"],"acf":[],"yoast_head":"\nMulti-Utility Construction Company Values Dedication of Workforce, Becomes 100% Employee Owned - 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\/outcome\/mcg-utilities\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Multi-Utility Construction Company Values Dedication of Workforce, Becomes 100% Employee Owned - 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\/outcome\/mcg-utilities\/\" \/>\n<meta property=\"og:site_name\" content=\"SES ESOP Strategies\" \/>\n<meta property=\"article:modified_time\" content=\"2026-07-31T14:48:01+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\\\/outcome\\\/mcg-utilities\\\/\",\"url\":\"https:\\\/\\\/www.stevenslee.com\\\/sesesop\\\/outcome\\\/mcg-utilities\\\/\",\"name\":\"Multi-Utility Construction Company Values Dedication of Workforce, Becomes 100% Employee Owned - SES ESOP Strategies\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.stevenslee.com\\\/sesesop\\\/#website\"},\"datePublished\":\"2024-06-01T19:47:55+00:00\",\"dateModified\":\"2026-07-31T14:48:01+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\\\/outcome\\\/mcg-utilities\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.stevenslee.com\\\/sesesop\\\/outcome\\\/mcg-utilities\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.stevenslee.com\\\/sesesop\\\/outcome\\\/mcg-utilities\\\/#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\":\"Multi-Utility Construction Company Values Dedication of Workforce, Becomes 100% Employee Owned\"}]},{\"@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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