Owner of Sonnax Industries Discusses Why he Chose an ESOP | SG&F Law
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How One Owner Used an ESOP as a Liquidity Event Instead of Selling to a Third Party

Author: SG&F Law

This is a great story about how the ESOP was used as a liquidity event for an owner that purchased the company as an investment and did not want to sell to a third party. 

Tommy Harmon, the owner of Sonnax Industries, discusses why he made the decision to sell the company to his employees.

We are proud to have been involved in Tommy Harmon and Sonnax Industries’ transition using an Employee Stock Ownership Plan.