{"id":3622,"date":"2021-10-01T13:47:30","date_gmt":"2021-10-01T17:47:30","guid":{"rendered":"https:\/\/www.stevenslee.com\/sesesop\/?post_type=transaction&p=3622"},"modified":"2026-07-31T11:26:30","modified_gmt":"2026-07-31T15:26:30","slug":"coho-partners-ltd","status":"publish","type":"transaction","link":"https:\/\/www.stevenslee.com\/sesesop\/outcome\/coho-partners-ltd\/","title":{"rendered":"Investment Management Firm\u2019s Core Values and Fiscal Efficiency Goals Lead to Formation of Minority ESOP"},"content":{"rendered":"

Investment Management Firm\u2019s Core Values and Fiscal Efficiency Goals Lead to Formation of Minority ESOP<\/h1>\n

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

Coho Partners, Ltd.<\/a> (Coho), founded in 1999 and located in Berwyn, PA, is a leading investment management firm that focuses on providing downside protection during difficult periods and capturing consistent, competitive upside participation. Resolute in the firm\u2019s direction, Coho\u2019s asymmetric pattern of performance is designed to move against the current, and their portfolio structure optimizes efforts to protect and participate. Coho believes in the core values of integrity, transparency, focus, collaboration, humility and ownership.<\/p>\n

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

Keeping consistent with the firm\u2019s focus and core values, Coho Partners sought a way to provide ownership to their entire workforce, while also gaining tax efficiency to provide liquidity to the partners. With these goals in mind, it was determined that a minority employee stock ownership plan (ESOP) was the right fit.<\/p>\n

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

Coho Partners engaged SES ESOP Strategies and its affiliated law firm,\u00a0Stevens & Lee<\/a>, to assist in the structuring and forming of a new minority ESOP, management of financial due diligence and closing the transaction. Coho\u2019s shareholders sold 20% of the outstanding shares to the ESOP. In addition, the firm refinanced its existing debt in conjunction with the financing of the ESOP transaction into a new credit facility. SES professionals provided the company with an ESOP valuation estimate, plan structuring, execution of the ESOP and related legal services for the transaction. On October 29, 2021, Coho finalized the steps to establishing a minority ownership ESOP and retained status as a Subchapter S Corporation.<\/p>\n

\u201cEstablishing a minority-owned ESOP at Coho Partners was the right choice for the firm\u2019s culture and the benefit of both the partners and employees of our firm,\u201d said Glenn Dever, President of Coho Partners. \u201cThe team at SES ESOP Strategies was instrumental in helping us successfully manage all of the complexities of the ESOP process and getting us to our goal.\u201d<\/p>\n

For more information about this transaction, please contact SES Chairman\u00a0Jim Steiker<\/a>\u00a0at 215.508.5643 or Managing Director\u00a0Kenneth Wanko<\/a>\u00a0at 215.285.7190.<\/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-3622","transaction","type-transaction","status-publish","format-standard","hentry"],"acf":[],"yoast_head":"\nInvestment Management Firm\u2019s Core Values and Fiscal Efficiency Goals Lead to Formation of Minority ESOP - 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\/coho-partners-ltd\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Investment Management Firm\u2019s Core Values and Fiscal Efficiency Goals Lead to Formation of Minority ESOP - 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\/coho-partners-ltd\/\" \/>\n<meta property=\"og:site_name\" content=\"SES ESOP Strategies\" \/>\n<meta property=\"article:modified_time\" content=\"2026-07-31T15:26:30+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\\\/coho-partners-ltd\\\/\",\"url\":\"https:\\\/\\\/www.stevenslee.com\\\/sesesop\\\/outcome\\\/coho-partners-ltd\\\/\",\"name\":\"Investment Management Firm\u2019s Core Values and Fiscal Efficiency Goals Lead to Formation of Minority ESOP - SES ESOP Strategies\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.stevenslee.com\\\/sesesop\\\/#website\"},\"datePublished\":\"2021-10-01T17:47:30+00:00\",\"dateModified\":\"2026-07-31T15:26:30+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\\\/coho-partners-ltd\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.stevenslee.com\\\/sesesop\\\/outcome\\\/coho-partners-ltd\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.stevenslee.com\\\/sesesop\\\/outcome\\\/coho-partners-ltd\\\/#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\":\"Investment Management Firm\u2019s Core Values and Fiscal Efficiency Goals Lead to Formation of Minority ESOP\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.stevenslee.com\\\/sesesop\\\/#website\",\"url\":\"https:\\\/\\\/www.stevenslee.com\\\/sesesop\\\/\",\"name\":\"Griffin Financial Group\",\"description\":\"TAILORED ESOP SOLUTIONS. SUSTAINABLE RESULTS.\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.stevenslee.com\\\/sesesop\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.stevenslee.com\\\/sesesop\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.stevenslee.com\\\/sesesop\\\/#organization\",\"name\":\"Griffin Financial Group\",\"url\":\"https:\\\/\\\/www.stevenslee.com\\\/sesesop\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.stevenslee.com\\\/sesesop\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"\",\"contentUrl\":\"\",\"caption\":\"Griffin Financial Group\"},\"image\":{\"@id\":\"https:\\\/\\\/www.stevenslee.com\\\/sesesop\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.linkedin.com\\\/company\\\/griffin-financial-group\\\/\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Investment Management Firm\u2019s Core Values and Fiscal Efficiency Goals Lead to Formation of Minority ESOP - SES ESOP Strategies","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.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.stevenslee.com\/sesesop\/outcome\/coho-partners-ltd\/","og_locale":"en_US","og_type":"article","og_title":"Investment Management Firm\u2019s Core Values and Fiscal Efficiency Goals Lead to Formation of Minority ESOP - SES ESOP Strategies","og_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.","og_url":"https:\/\/www.stevenslee.com\/sesesop\/outcome\/coho-partners-ltd\/","og_site_name":"SES ESOP Strategies","article_modified_time":"2026-07-31T15:26:30+00:00","twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.stevenslee.com\/sesesop\/outcome\/coho-partners-ltd\/","url":"https:\/\/www.stevenslee.com\/sesesop\/outcome\/coho-partners-ltd\/","name":"Investment Management Firm\u2019s Core Values and Fiscal Efficiency Goals Lead to Formation of Minority ESOP - SES ESOP Strategies","isPartOf":{"@id":"https:\/\/www.stevenslee.com\/sesesop\/#website"},"datePublished":"2021-10-01T17:47:30+00:00","dateModified":"2026-07-31T15:26:30+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\/coho-partners-ltd\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.stevenslee.com\/sesesop\/outcome\/coho-partners-ltd\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.stevenslee.com\/sesesop\/outcome\/coho-partners-ltd\/#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":"Investment Management Firm\u2019s Core Values and Fiscal Efficiency Goals Lead to Formation of Minority ESOP"}]},{"@type":"WebSite","@id":"https:\/\/www.stevenslee.com\/sesesop\/#website","url":"https:\/\/www.stevenslee.com\/sesesop\/","name":"Griffin Financial Group","description":"TAILORED ESOP SOLUTIONS. SUSTAINABLE RESULTS.","publisher":{"@id":"https:\/\/www.stevenslee.com\/sesesop\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.stevenslee.com\/sesesop\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.stevenslee.com\/sesesop\/#organization","name":"Griffin Financial Group","url":"https:\/\/www.stevenslee.com\/sesesop\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.stevenslee.com\/sesesop\/#\/schema\/logo\/image\/","url":"","contentUrl":"","caption":"Griffin Financial Group"},"image":{"@id":"https:\/\/www.stevenslee.com\/sesesop\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.linkedin.com\/company\/griffin-financial-group\/"]}]}},"_links":{"self":[{"href":"https:\/\/www.stevenslee.com\/sesesop\/wp-json\/wp\/v2\/transaction\/3622","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.stevenslee.com\/sesesop\/wp-json\/wp\/v2\/transaction"}],"about":[{"href":"https:\/\/www.stevenslee.com\/sesesop\/wp-json\/wp\/v2\/types\/transaction"}],"wp:attachment":[{"href":"https:\/\/www.stevenslee.com\/sesesop\/wp-json\/wp\/v2\/media?parent=3622"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.stevenslee.com\/sesesop\/wp-json\/wp\/v2\/categories?post=3622"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.stevenslee.com\/sesesop\/wp-json\/wp\/v2\/tags?post=3622"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}