{"id":3577,"date":"2024-01-01T11:02:55","date_gmt":"2024-01-01T16:02:55","guid":{"rendered":"https:\/\/www.stevenslee.com\/sesesop\/?post_type=transaction&p=3577"},"modified":"2026-07-30T14:12:27","modified_gmt":"2026-07-30T18:12:27","slug":"dart-america","status":"publish","type":"transaction","link":"https:\/\/www.stevenslee.com\/sesesop\/outcome\/dart-america\/","title":{"rendered":"Dedicated Carrier Values Employee Contributions, Becomes 100% Employee-Owned"},"content":{"rendered":"

Dedicated Carrier Values Employee Contributions, Becomes 100% Employee-Owned<\/h1>\n

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

Dart America (Dart Trucking Company, Inc.)<\/a>\u00a0has been a dedicated carrier for more than two decades serving one of the world\u2019s largest producers of activated carbon. The company believes its greatest asset is their employees, the staff and drivers who fuel business success in the competitive trucking environment through their on-time customer service, best-in-class driving and commitment to road safety.<\/p>\n

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

Dart\u2019s leadership sought a\u00a0business transition plan<\/a>\u00a0that would reward the commitment of its employees through company ownership, help retain current and future employees in a competitive industry, sustain long-term business growth as an independent company and provide liquidity for its shareholders. After a\u00a0thorough analysis of possible strategic alternatives<\/a>, a full 100% ESOP became the clear objective.<\/p>\n

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

Dart engaged\u00a0SES ESOP Strategies<\/a>\u00a0and affiliated law firm\u00a0Stevens & Lee<\/a>\u00a0to assist in structuring and forming a new ESOP, gathering and organizing financial due diligence information\u00a0 and negotiating financial terms. Stevens & Lee attorneys helped with preparing the ESOP plan, transaction documents and advised on the ESOP transaction and management incentive plans. Following the transaction, Dart became a 100% ESOP-owned S Corporation, effectively exempt from corporate federal and state income taxes.<\/p>\n

\u201cOur transition to an ESOP enabled us to reward the professionalism and loyalty of our employees through employee ownership,\u201d said David Lynch, Chief Financial Officer of Dart Trucking Company, Inc. \u201cWe take great pride in our workforce and their investment in the future of our business. SES and Stevens & Lee provided top quality service and assistance through this important transition.\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-3577","transaction","type-transaction","status-publish","format-standard","hentry"],"acf":[],"yoast_head":"\nDedicated Carrier Values Employee Contributions, 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\/dart-america\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dedicated Carrier Values Employee Contributions, 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\/dart-america\/\" \/>\n<meta property=\"og:site_name\" content=\"SES ESOP Strategies\" \/>\n<meta property=\"article:modified_time\" content=\"2026-07-30T18:12:27+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\\\/dart-america\\\/\",\"url\":\"https:\\\/\\\/www.stevenslee.com\\\/sesesop\\\/outcome\\\/dart-america\\\/\",\"name\":\"Dedicated Carrier Values Employee Contributions, Becomes 100% Employee-Owned - SES ESOP Strategies\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.stevenslee.com\\\/sesesop\\\/#website\"},\"datePublished\":\"2024-01-01T16:02:55+00:00\",\"dateModified\":\"2026-07-30T18:12:27+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\\\/dart-america\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.stevenslee.com\\\/sesesop\\\/outcome\\\/dart-america\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.stevenslee.com\\\/sesesop\\\/outcome\\\/dart-america\\\/#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\":\"Dedicated Carrier Values Employee Contributions, 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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