{"id":2049,"date":"2021-01-27T09:36:09","date_gmt":"2021-01-27T13:36:09","guid":{"rendered":"https:\/\/www.atlantic-mgmt.com\/?p=2049"},"modified":"2022-03-02T08:10:00","modified_gmt":"2022-03-02T12:10:00","slug":"atlantic-management-company-inc-advises-on-esop-transaction-for-wallace-building-products-corporation","status":"publish","type":"post","link":"https:\/\/www.atlantic-mgmt.com\/esop\/atlantic-management-company-inc-advises-on-esop-transaction-for-wallace-building-products-corporation\/","title":{"rendered":"Atlantic Management Company, Inc. Advises on ESOP Transaction for Wallace Building Products Corporation"},"content":{"rendered":"\n<p><em>Wallace Building Products Corporation is pleased to announce the transition to employee ownership by becoming 100% employee owned.<\/em><\/p>\n\n\n\n<p>PORTSMOUTH, NEW HAMPSHIRE, UNITED STATES, January 25, 2021 \/<a href=\"http:\/\/www.einpresswire.com\" rel=\"noreferrer noopener\" target=\"_blank\">EINPresswire.com<\/a>\/ &#8212; <a href=\"http:\/\/www.wallacebp.com\" rel=\"noreferrer noopener\" target=\"_blank\">Wallace Building Products Corporation<\/a> (Wallace or the Company) is pleased to announce the transition to employee ownership by becoming a 100% employee-owned company through the sale of stock to a newly created Employee Stock Ownership Plan (ESOP). <a href=\"https:\/\/www.atlantic-mgmt.com\" rel=\"noreferrer noopener\" target=\"_blank\">Atlantic Management Company, Inc.<\/a> (Atlantic) served as independent financial advisor to the trustee of the ESOP.<br><br>Originally incorporated in New Hampshire as Wallace Prefab in 2001, Wallace is one of the largest producers of prefabricated wall frame panels in the northeastern United States, as well as one of the largest providers of wood framing components and turn-key framing, siding and roofing for commercial mid-rise buildings in New England.<br><br>John Tauriello purchased the assets of the Company in 2012 from its founder and, with his partner, Nathan Routhier, they have grown the Company by targeting and developing strong relationships with some of the largest and most forward-thinking regional and national developers and general contractors that specialize in the larger, multi-family, senior housing, student housing, hotel and municipal market segments.<br><br>&#8220;Through their commitment to deliver quality products and service to our customers, Wallace\u2019s hard-working and dedicated employees are the lifeblood of Wallace. Our transition to employee ownership is intended to reward our employees and reinforce our culture of employee empowerment and responsibility.\u201d said John Tauriello, President &amp; CEO.<br><br>Founded in 1968, Atlantic Management Company, Inc. is a leading financial and transaction advisory firm that provides business valuation, ESOP and merger and acquisition services for privately owned middle market companies from its offices in Portsmouth, New Hampshire and New Orleans, Louisiana.<\/p>\n\n\n\n<p>Sandra Smith<br>Atlantic Management Company, Inc.<br>6035311611 ext.<br><a href=\"mailto:ssmith@atlantic-mgmt.com\">ssmith@atlantic-mgmt.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Wallace Building Products Corporation is pleased to announce the transition to employee ownership by becoming 100% employee owned. PORTSMOUTH, NEW [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[44],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Atlantic Management Company, Inc. Advises on ESOP Transaction for Wallace Building Products Corporation - Atlantic Management Company<\/title>\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.atlantic-mgmt.com\/esop\/atlantic-management-company-inc-advises-on-esop-transaction-for-wallace-building-products-corporation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Atlantic Management Company, Inc. 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