{"id":3617,"date":"2021-12-01T12:51:27","date_gmt":"2021-12-01T17:51:27","guid":{"rendered":"https:\/\/www.stevenslee.com\/sesesop\/?post_type=transaction&p=3617"},"modified":"2026-07-31T11:24:00","modified_gmt":"2026-07-31T15:24:00","slug":"mci-mechanical-contractors-llc","status":"publish","type":"transaction","link":"https:\/\/www.stevenslee.com\/sesesop\/outcome\/mci-mechanical-contractors-llc\/","title":{"rendered":"Design Build Contractor Affirms Employee-Centric Values, Becomes 100% Employee Owned"},"content":{"rendered":"

Design Build Contractor Affirms Employee-Centric Values, Becomes 100% Employee Owned<\/h1>\n

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

MCI Mechanical Contractors LLC<\/a> (MCI) was founded in 1948 and has grown into one of North Carolina\u2019s award-winning design build contractors for construction, engineering, project management, HVAC services, building automation services and energy services solutions. The company believes that peak client service derives from talented and highly skilled professionals. Leadership attributes business success to the passion and innovation of their professionals, and actively fosters an employee-first culture.<\/p>\n

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

MCI leadership sought a business transition plan that would reward the commitment of its employees through company ownership, further the core values of their employee-centric culture and sustain long-term business growth as an independent company. An employee stock ownership plan (ESOP) emerged as the right fit.<\/p>\n

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

MCI engaged\u00a0SES ESOP Strategies<\/a>\u00a0and affiliated law firm,\u00a0Stevens & Lee<\/a>, to assist in\u00a0structuring and forming a new ESOP<\/a>\u00a0for the purchase of 100% of the company. SES gathered key financial due diligence, negotiated financing terms and collaborated closely with the client\u2019s banking, insurance and company advisors to help manage the successful transition. Lawyers from Stevens & Lee assisted with a reorganization of the company into a corporation, prepared the ESOP plan and all transaction documents and advised on the ESOP transaction. Notably, the company maintained its S Corporation status, allowing MCI to continue benefitting from key federal and state income tax exemptions.<\/p>\n

\u201cOur employees are our biggest strength, and an ESOP was a great way to reward their dedication and loyalty while retaining the Company\u2019s independence,\u201d said Bill Champion, President of MCI. \u201cSES and Stevens & Lee cleared complex hurdles with efficiency and provided the kind of quality service we hold in high regard. We were happy to have their valuable assistance through this evolution of our business.\u201d<\/p>\n

For more information on this transaction, please contact\u00a0Ed Renenger<\/a>, President and CEO, at 610.478.2238.<\/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-3617","transaction","type-transaction","status-publish","format-standard","hentry"],"acf":[],"yoast_head":"\nDesign Build Contractor Affirms Employee-Centric Values, 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\/mci-mechanical-contractors-llc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Design Build Contractor Affirms Employee-Centric Values, 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\/mci-mechanical-contractors-llc\/\" \/>\n<meta property=\"og:site_name\" content=\"SES ESOP Strategies\" \/>\n<meta property=\"article:modified_time\" content=\"2026-07-31T15:24:00+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\\\/mci-mechanical-contractors-llc\\\/\",\"url\":\"https:\\\/\\\/www.stevenslee.com\\\/sesesop\\\/outcome\\\/mci-mechanical-contractors-llc\\\/\",\"name\":\"Design Build Contractor Affirms Employee-Centric Values, Becomes 100% Employee Owned - SES ESOP Strategies\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.stevenslee.com\\\/sesesop\\\/#website\"},\"datePublished\":\"2021-12-01T17:51:27+00:00\",\"dateModified\":\"2026-07-31T15:24:00+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\\\/mci-mechanical-contractors-llc\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.stevenslee.com\\\/sesesop\\\/outcome\\\/mci-mechanical-contractors-llc\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.stevenslee.com\\\/sesesop\\\/outcome\\\/mci-mechanical-contractors-llc\\\/#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\":\"Design Build Contractor Affirms Employee-Centric Values, 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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