{"id":3575,"date":"2024-01-01T10:39:18","date_gmt":"2024-01-01T15:39:18","guid":{"rendered":"https:\/\/www.stevenslee.com\/sesesop\/?post_type=transaction&p=3575"},"modified":"2026-07-30T14:15:59","modified_gmt":"2026-07-30T18:15:59","slug":"m-7-technologies","status":"publish","type":"transaction","link":"https:\/\/www.stevenslee.com\/sesesop\/outcome\/m-7-technologies\/","title":{"rendered":"Manufacturing and R&D Company Values Employee Empowerment, Becomes 100% Employee-Owned"},"content":{"rendered":"

Manufacturing and R&D Company Values Employee Empowerment, Becomes 100% Employee-Owned<\/h1>\n

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

Established more than 100 years ago in Youngstown, Ohio, as a steel industry manufacturer,\u00a0M-7 Technologies<\/a>\u00a0(M-7) has transformed to provide manufacturing, remanufacturing and advanced measurement services to a range of industries, including energy, aerospace, environmental, petroleum, construction, fabrication, defense, automotive, material handling and heavy industrial markets. The company also holds a reputation for providing cutting edge metrology inspection, laser scanning and reverse engineering services, and has even been awarded a sub-contract from the Army Research Lab. Leadership attributes business success to the expertise and commitment to top-quality engineering and manufacturing results their employees and staff deliver to clients.<\/p>\n

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

Mike Garvey, President of the company, sought a business transition plan that would provide business ownership and future growth rewards to its employees, sustain long-term growth and allow the company to remain independent, all while enabling an exit strategy in which he could reduce his role in the business over time. Considering these goals, a 100% employee stock ownership plan (ESOP) emerged as a natural fit.<\/p>\n

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

M-7 engaged\u00a0SES ESOP Strategies<\/a>\u00a0and its affiliated law firm\u00a0Stevens & Lee<\/a>\u00a0to plan and deliver the new ESOP. SES assisted in structuring and forming the ESOP, gathering and organizing financial due diligence information and managing all elements of financing. Attorneys from Stevens & Lee helped with preparing the ESOP plan, all transaction documents and worked closely with the corporate counsel to ensure that key employees and future leadership benefited from a Stock Appreciation Rights Plan.<\/p>\n

\u201cMy long-term objectives were to reward the commitment of our employees and ensure future business success by incentivizing the workforce and company leadership through ESOP ownership,\u201d said Garvey. \u201cSES and Stevens & Lee helped us understand and execute the technical details of these goals and paved the way to a successful ESOP transaction.\u201d<\/p>\n

For more information on this transaction, please contact\u00a0Steven B. Greenapple<\/a>\u00a0at 215.508.5634 or\u00a0Mark B. Russell<\/a>, Head of Finance, at 817.566.1013.<\/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-3575","transaction","type-transaction","status-publish","format-standard","hentry"],"acf":[],"yoast_head":"\nManufacturing and R&D Company Values Employee Empowerment, 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\/m-7-technologies\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Manufacturing and R&D Company Values Employee Empowerment, 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\/m-7-technologies\/\" \/>\n<meta property=\"og:site_name\" content=\"SES ESOP Strategies\" \/>\n<meta property=\"article:modified_time\" content=\"2026-07-30T18:15:59+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\\\/m-7-technologies\\\/\",\"url\":\"https:\\\/\\\/www.stevenslee.com\\\/sesesop\\\/outcome\\\/m-7-technologies\\\/\",\"name\":\"Manufacturing and R&D Company Values Employee Empowerment, Becomes 100% Employee-Owned - SES ESOP Strategies\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.stevenslee.com\\\/sesesop\\\/#website\"},\"datePublished\":\"2024-01-01T15:39:18+00:00\",\"dateModified\":\"2026-07-30T18:15:59+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\\\/m-7-technologies\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.stevenslee.com\\\/sesesop\\\/outcome\\\/m-7-technologies\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.stevenslee.com\\\/sesesop\\\/outcome\\\/m-7-technologies\\\/#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\":\"Manufacturing and R&D Company Values Employee Empowerment, 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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