{"id":3681,"date":"2020-11-01T14:33:34","date_gmt":"2020-11-01T19:33:34","guid":{"rendered":"https:\/\/www.stevenslee.com\/sesesop\/?post_type=transaction&p=3681"},"modified":"2026-07-20T17:02:48","modified_gmt":"2026-07-20T21:02:48","slug":"kitware","status":"publish","type":"transaction","link":"https:\/\/www.stevenslee.com\/sesesop\/outcome\/kitware\/","title":{"rendered":"Kitware"},"content":{"rendered":"\r\n\r\n\r\n

Kitware<\/h1>\r\n
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An Employee-centric Company Becomes Employee-owned<\/h2>\r\n<\/div>\r\n<\/header><\/div>\r\n<\/header><\/div>\r\n<\/header><\/div>\r\n<\/header><\/div>\r\n<\/header><\/div>\r\n<\/header><\/div>\r\n<\/header><\/div>\r\n<\/header><\/div>\r\n<\/header><\/div>\r\n<\/header><\/div>\r\n<\/header><\/div>\r\n<\/header><\/div>\r\n<\/header><\/div>\r\n<\/header><\/div>\r\n<\/header><\/div>\r\n<\/header><\/div>\r\n<\/header><\/div>\r\n<\/header><\/div>\r\n<\/header><\/div>\r\n<\/header><\/div>\r\n<\/header><\/div>\r\n<\/header><\/div>\r\n<\/header><\/div>\r\n<\/header><\/div>\r\n<\/header><\/div>\r\n<\/header><\/div>\r\n<\/header><\/div>\r\n<\/header><\/div>\r\n<\/header><\/div>\r\n<\/header><\/div>\r\n<\/header><\/div>\r\n<\/header><\/div>\r\n<\/header><\/div>\r\n<\/header><\/div>\r\n<\/header><\/div>\r\n<\/header><\/div>\r\n<\/header><\/div>\r\n<\/header><\/div>\r\n<\/header><\/div>\r\n<\/header><\/div>\r\n<\/header><\/div>\r\n<\/header><\/div>\r\n<\/header><\/div>\r\n<\/header><\/div>\r\n<\/header>\r\n

Overview<\/strong><\/h3>\r\n
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Founded in 1998 and headquartered in Clifton Park, NY,\u00a0Kitware, Inc.<\/a>\u00a0provides customized scientific and AI software solutions to a customer base ranging from large government agencies to small start-up businesses. Kitware has more than 200 employees in offices in New York, Virginia, North Carolina, New Mexico, Minnesota, and Lyon, France. Starting with five original founders, the Company has grown exponentially over the years and has always maintained an employee-centric culture.<\/p>\r\n

Situation<\/strong><\/h3>\r\n

An employee stock ownership plan (ESOP) seemed an ideal fit for Kitware, as the Company\u2019s Shareholders and Board of Directors \u2013 including the five original founders \u2013 sought a solution that would strengthen its commitment to employees and also allow the Company to remain independent.<\/p>\r\n

Solution<\/strong><\/h3>\r\n

Kitware engaged SES ESOP Strategies\u2019 affiliated law firm, Stevens & Lee, to provide legal work for a 100% ESOP transaction that was structured and led by SC&H Capital. All Company stock was purchased by the ESOP and the transaction closed Nov. 30, 2020. As a result of becoming a 100% ESOP-owned S Corporation, Kitware now enjoys the benefits of operating as a tax-exempt business enterprise due to the tax-exempt status of the ESOP as the company\u2019s sole shareholder.<\/p>\r\n

\u201cOur employees have contributed so much to our success, and we are pleased to reward their innovation and passion through employee ownership,\u201d said Lisa Avila, Kitware Co-Founder and CEO. \u201cStevens & Lee was a great partner throughout the transaction, and we were happy to have them guide us through this important transition.\u201d<\/p>\r\n

For more information on this transaction, please contact\u00a0Ed Renenger<\/a>, President and CEO, at 610.478.2238, or\u00a0Paul Fusco<\/a>\u00a0at 215.508.5642.<\/p>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n<\/div>\r\n","protected":false},"featured_media":0,"menu_order":0,"template":"","format":"standard","meta":{"_acf_changed":false,"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0},"categories":[],"tags":[],"class_list":["post-3681","transaction","type-transaction","status-publish","format-standard","hentry"],"acf":[],"yoast_head":"\nKitware - 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\/transaction\/kitware\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kitware - 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\/transaction\/kitware\/\" \/>\n<meta property=\"og:site_name\" content=\"SES ESOP Strategies\" \/>\n<meta property=\"article:modified_time\" content=\"2026-07-20T21:02:48+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\\\/transaction\\\/kitware\\\/\",\"url\":\"https:\\\/\\\/www.stevenslee.com\\\/sesesop\\\/transaction\\\/kitware\\\/\",\"name\":\"Kitware - SES ESOP Strategies\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.stevenslee.com\\\/sesesop\\\/#website\"},\"datePublished\":\"2020-11-01T19:33:34+00:00\",\"dateModified\":\"2026-07-20T21:02:48+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\\\/transaction\\\/kitware\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.stevenslee.com\\\/sesesop\\\/transaction\\\/kitware\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.stevenslee.com\\\/sesesop\\\/transaction\\\/kitware\\\/#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\":\"Kitware\"}]},{\"@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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