Atlantic Management Company Inc. Advises ESOP Transaction For:
Portsmouth, NH. – October 8, 2018 – Atlantic Management Company, Inc., a Portsmouth, NH based valuation and financial advisory firm, is pleased to announce that Manufacturing Information Systems, Inc. (MISys) of Woodstock, VT was acquired and is now 100% employee owned through an Employee Stock Ownership Plan (ESOP). Atlantic Management Company, Inc. served as independent appraiser to the trustees of the ESOP and assisted in structuring the transaction.
MISys has been a leader in the manufacturing software industry since 1977. The comprehensive manufacturing software integrates with the most widely used accounting programs to form sophisticated solutions for small to medium-sized manufacturing businesses. While the majority of the 8,000 software installations are in North America, MISys has customers in 52 countries.
MISYS believes that being an employee owned company will allow the employees to see the fruit of their labors of how the company is performing financially, share in the financial success of MISys and as a “team,” will continue to work together towards future company goals.
“Atlantic Management understood MISys’ operation with very little orientation. The staff functioned efficiently and professionally. We look forward to working with them on future valuations,” commented Ray Martell, Vice President of Finance and Administration, MISys.
John P. Murphy, president at Atlantic Management noted, “We appreciate the opportunity to have worked with the team at MISys and look forward to continuing our relationship with the company’s employee-owners as they build a significant retirement benefit.
About Atlantic Management Company
Atlantic Management Company, Inc. is a leading valuation and financial advisory firm serving the business, legal and financial communities from its offices in Portsmouth, New Hampshire. Founded in 1968, the firm’s Valuation Group provides business valuations, fairness and solvency opinions, and litigation support for private and public companies. The Ownership Transition Group specializes in ESOPs, mergers and acquisitions, and business succession strategies for closely-held companies.