Atlantic Management Company, Inc.
Advises On ESOP Transaction For:
Portsmouth, New Hampshire – October 31, 2018 – Atlantic Management Company, Inc., a Portsmouth, NH and New Orleans, LA based valuation and financial advisory firm, is pleased to announce that D.M.H. Electrical Contractors (DMH) of Sterling, MA 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.
D.M.H. Electrical Contractors was founded by David Hinckley and Timothy O’Toole in 1991. The Company has grown from two employees to more than fifty employees today. DMH has earned a reputation over the years as a dependable and reliable source for all electrical needs from repairs and upgrades to design build and lighting maintenance.
The company founders commented, “We chose not to sell to a third party to help ensure continuity and long-term growth in the business. The ESOP will help employees to get involved at a higher level and reward the dedicated employees that have helped build the Company. We wanted to show loyalty to our strong dedicated team.” The Company’s chief financial officer noted, “Atlantic Management was extremely helpful in assisting us to assemble a team of professionals we feel like we can work with for the years to come and we certainly look forward to working with Atlantic.”
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.