Cleveland-chapter

ESOPs

CINCINNATI CHAPTER EVENT

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ESOPs

Who is an ESOP right for?

High-level, what is an ESOP, and how does it work (both on the transaction, and post-closing – what the trustee’s involvement looks like)? Majority vs. minority ESOPs – and why someone might think about each? And, who are members of the team (and roles) needed to complete a successful sale to an ESOP transition?

Learning Objectives

  • Understand what an ESOP is and how they work
  • Distinguish majority vs. minority ESOPs
  • Who needs to be involved to successfully transition to an ESOP

 

Meet the Presenter:

Learn from leading expert William Wersel, First Financial Commercial Banking Team Lead.

Meet the Presenter

 

Thank you to our Sponsors!

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This event will be held at The Kenwood Towers.

Address: 8044 Montgomery Road, Cincinnati, OH 45236.

EXIT PLANNING IS GOOD BUSINESS STRATEGY

The EPI Central Ohio Local Chapter is different than other groups because it brings together a diverse group of professionals from a wide range of specialties that can naturally work collaboratively on exit planning, succession planning, value growth, transaction or any engagement from both sides of the equation. The chapter meets regularly to network, reconnect, grow knowledge, and sharpen their skills with a common goal: Change the outcome for transitioning business owners. Make plans to join us for future events and connect with the local leadership by visiting www.EPICincinnati.com

About the Presenter

William Wersel

William Wersel

First Financial Commercial Banking Team Lead

Meet William Wersel:

I grew up in a small business family and always thought I would end up being a landscape architect, just like my father. That all changed in 2008, when my father sat me down and discouraged me from getting into the family business. One thing he did tell me though; was to find a career to help entrepreneurs like he and my grandfather. From that point on, I knew I wanted to be a Commercial Banker. With that in mind, I went to Bellarmine University in Louisville Kentucky and received a Major in Financing and a Minor in Accounting. After graduating in 2013, I moved back home to Cincinnati and have been in Commercial Banking ever since.  At First Financial Bank, my primary focus is helping my clients build wealth and strengthen their business through consultative services and different forms of financing. My typical client is a privately owned business ($3-100mm in revenues) looking for an attentive financial partner to help make banking easy. Helping people is my passion and banking is my platform to do so. Product offerings include: Operating lines of credit, term loans to fund equipment purchases and acquisitions, owner occupied real estate loans, treasury management, SBA lending, ABL lending, foreign exchange services, and interest rate SWAPS. I currently reside in Madeira with my wife Kelly, son Grady, daughter Elwood and dog Riley. We’re expecting another child in July 2022. When I am not working or spending time with my family, you can find me doing anything outdoors, such as: running, hiking, landscaping, and boating. I am also actively involved with several organizations: Archbishop Moeller High School Alumni Board, Association for Corporate Growth YACG Board, Professional Leadership Network Mentorship Program and now CEPA’s Cincinnati Chapter.

Want more exit planning education?

www.EPISeminars.com