"We were especially pleased with the work Kaplan performed in identifying critical legal and financial partners, and ensuring we were aware of and performed the necessary requirements for a successful ESOP transaction."
ATLANTA (PRWEB) August 24, 2020
Kaplan Fiduciary Group announced that it facilitated Avion Solutions’ transition to a 100% employee-owned company. The announcement of the sale to the Employee Stock Ownership Plan (ESOP) was made on July 31, 2020 to employee owners, according to the company.
"Kaplan Fiduciary did an excellent job quarterbacking our transition to a 100% ESOP," said Chad Donald, president, Avion Solutions. "We were especially pleased with the work Kaplan performed in identifying critical legal and financial partners, and ensuring we were aware of and performed the necessary requirements for a successful ESOP transaction."
Howard Kaplan, president of Kaplan Fiduciary, an Atlanta firm with more than 30 years’ experience in the ESOP business, said, "The process went smoothly, thanks to our strategic partners and the Avion Solutions' management team. ESOPs are a great way to create wealth for employees, and we're glad Kaplan was able to play a part in making this happen for Avion."
As of 2020, the National Center for Employee Ownership (NCEO) estimates there are approximately 6,600 ESOPs in the United States covering over 14 million participants.
About Avion Solutions
Avion Solutions, Inc. is an employee-owned innovative engineering and logistics solutions provider for complex military-grade projects. Headquartered in Huntsville, Alabama with a presence in multiple states across the U.S., Avion Solutions has provided solutions to Department of Defense customers and commercial clients since 1992. Our broad range of technical expertise includes engineering, logistics and technical services, data analysis, software development, small Unmanned Aircraft Systems (UAS) and drone services, and development of a full spectrum of training solutions ranging from on-site classroom training to interactive multimedia instruction (IMI) programs. Avion Solutions is a 2020 Best Places to Work® award winner. To learn more, visit http://www.avionsolutions.com.
About Kaplan Fiduciary Group
With more than 30 years' experience in the trust and financial industry, Kaplan Fiduciary is a leading provider of corporate governance and fiduciary advisory services to companies sponsoring Employee Stock Ownership Plans (ESOP) and other qualified retirement programs. They offer comprehensive services and deep industry knowledge to help solve the most complex employee ownership and fiduciary challenges for new and mature ESOP companies. For more information, visit http://www.kaplanfiduciary.com.