{"id":3573,"date":"2024-01-01T09:13:02","date_gmt":"2024-01-01T14:13:02","guid":{"rendered":"https:\/\/www.stevenslee.com\/sesesop\/?post_type=transaction&p=3573"},"modified":"2026-07-31T10:50:09","modified_gmt":"2026-07-31T14:50:09","slug":"krb-machinery-company","status":"publish","type":"transaction","link":"https:\/\/www.stevenslee.com\/sesesop\/outcome\/krb-machinery-company\/","title":{"rendered":"Rebar Equipment Manufacturer Shapes Employee-Focused Legacy, Becomes 100% Employee-Owned"},"content":{"rendered":"

Rebar Equipment Manufacturer Shapes Employee-Focused Legacy, Becomes 100% Employee-Owned<\/h1>\n

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

Across nearly four decades,\u00a0KRB Machinery Company<\/a> (KRB) has been a global leader in designing, building and servicing rebar shearlines, rebar benders, rebar cutters and automatic stirrup benders that are built to last. The company serves major steel mills, rebar fabricators and construction companies, with its equipment operating in more than 55 countries and as part of monumental projects like the expansion of the Panama Canal and Apple Campus 2. Leadership recognizes that business growth and customer satisfaction stem from the productivity, technical skill and dedication of its workforce.<\/p>\n

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

KRB leadership sought a business transition strategy that would reward employees through company ownership, restructure the business to sustain long-term business growth and create liquidity for their shareholders, all while continuing KRB\u2019s legacy of treating customers like family. A full 100% ESOP transition plan emerged as the best solution to achieve those goals.<\/p>\n

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

KRB engaged\u00a0SES ESOP Strategies<\/a>\u00a0and affiliated law firm\u00a0Stevens & Lee<\/a>\u00a0to assist in structuring and forming a new ESOP. SES provided\u00a0financial due diligence<\/a>, financial modeling, negotiated the transaction terms and led a competitive capital raise process to obtain the most attractive terms from potential lenders. Attorneys from Stevens & Lee prepared the ESOP plan documents, negotiated the transaction terms, prepared a tailored synthetic equity plan, prepared the transaction documents and negotiated the financing documents. KRB is now a 100% employee-owned company and, as an S Corporation, it is effectively exempt from corporate federal and state income taxes.<\/p>\n

\u201cOur workforce is the backbone of our business, and we\u2019re proud that the evolution of our company to an ESOP allowed us to reward the dedication of our employees through employee ownership,\u201d said Nathan Kauffman, CEO of KRB. \u201cSES and Stevens & Lee provided crucial guidance to ensure our business transition goals were met.\u201d<\/p>\n

For more information on this transaction, please contact\u00a0Ed Renenger<\/a>, President and CEO, at 610.478.2238,\u00a0Mark Russell<\/a>, Head of Finance, at 817.566.1013, or\u00a0Vince Capone<\/a>, Vice President, at 215.508.7716.<\/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-3573","transaction","type-transaction","status-publish","format-standard","hentry"],"acf":[],"yoast_head":"\nRebar Equipment Manufacturer Shapes Employee-Focused Legacy, 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\/krb-machinery-company\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rebar Equipment Manufacturer Shapes Employee-Focused Legacy, 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\/krb-machinery-company\/\" \/>\n<meta property=\"og:site_name\" content=\"SES ESOP Strategies\" \/>\n<meta property=\"article:modified_time\" content=\"2026-07-31T14:50:09+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\\\/krb-machinery-company\\\/\",\"url\":\"https:\\\/\\\/www.stevenslee.com\\\/sesesop\\\/outcome\\\/krb-machinery-company\\\/\",\"name\":\"Rebar Equipment Manufacturer Shapes Employee-Focused Legacy, Becomes 100% Employee-Owned - SES ESOP Strategies\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.stevenslee.com\\\/sesesop\\\/#website\"},\"datePublished\":\"2024-01-01T14:13:02+00:00\",\"dateModified\":\"2026-07-31T14:50:09+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\\\/krb-machinery-company\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.stevenslee.com\\\/sesesop\\\/outcome\\\/krb-machinery-company\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.stevenslee.com\\\/sesesop\\\/outcome\\\/krb-machinery-company\\\/#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\":\"Rebar Equipment Manufacturer Shapes Employee-Focused Legacy, 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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