Overview<\/strong><\/p>\n Godshall\u2019s Quality Meats, Inc.<\/a> (Godshall\u2019s), headquartered in Telford, PA, has been manufacturing high end meat and poultry products since 1945 including natural\/organic products. Now in its third generation of leadership, Godshall\u2019s remains dedicated to supplying premium meat specialty items to their loyal customers. Godshall\u2019s state-of-the-art facilities, a model of cleanliness and quality, still reside on the farm site of the Godshall family. Its renowned Turkey Bacon, Beef Bacon and meat snack line can be found on store shelves throughout the United States.<\/p>\n Situation<\/strong><\/p>\n As a third generation family owned business, the owners were seeking a mechanism to:<\/p>\n Solution<\/strong><\/p>\n Griffin was engaged by Godshall\u2019s to determine whether selling a minority ownership stake to a newly established employee stock ownership plan (ESOP) would accomplish the goals the owners set out to achieve. Griffin\u2019s feasibility analysis showed that not only could the owners achieve an extremely tax-efficient liquidity event, but that the tax savings from the annual ESOP contribution and the cash flow savings from funds that were previously going to pay taxes went a long way toward paying off the debt utilized for the liquidity event. After reviewing the feasibility analysis, the company ultimately decided that an ESOP would be the right fit and engaged Stevens & Lee and Griffin to implement the ESOP.<\/p>\n As part of the engagement, Griffin:<\/p>\n Having successfully completed a minority sale to the ESOP, a new generation of owners, the employees themselves, will share in the future growth of Godshall\u2019s. Mark Godshall, President and CEO of Godshall\u2019s said, \u201cWe are really happy for our employees that they are going to be able to share in the success of this great company that they have worked so hard to help build.\u201d Mark also said, \u201cWhen we first started talking about ESOPs, we knew we wanted to get the best. We couldn\u2019t be happier with the job that Stevens & Lee and Griffin did for us.\u201d<\/p>\n For more information on this transaction, contact\u00a0Edward C. Renenger<\/a>, COO, at\u00a0610.478.2238,<\/span>\u00a0or\u00a0Mark B. Russell<\/a>\u00a0at\u00a0610.478.2166.<\/p>\n<\/div>\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-3674","transaction","type-transaction","status-publish","format-standard","hentry"],"acf":[],"yoast_head":"\n\n
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