Brewing Science Institute (BSI), Woodland Park, Colo., has been sold to an Employee Stock Ownership Plan. Terms weren't disclosed. ButcherJoseph & Co. advised BSI on the sale.
“As a result of this transaction, BSI is now 100% employee owned, allowing our employees to benefit from their hard work and dedication by participating in the financial benefits of its future growth,” said BSI co-founders David Bryant and Brian Pearson in a joint statement. “We are delighted with the outcome of the transaction and look forward to many more years of continued success.”
ButcherJoseph VP Carter Smith stated, “An ESOP buyout accomplished several strategic objectives for the Company. It supported David and Brian’s succession planning goals, rewarded a dedicated employee base by allowing them to participate in long-term growth, bolstered an already impressive culture, and will help retain and attract future talent while keeping BSI’s current leadership and employee base intact.”
BSI is a microbiology laboratory producing yeast cultures and providing consulting services for the brewing industry. ButcherJoseph & Co. is a boutique investment banking firm specializing in ESOPs, mergers and acquisitions, private debt & capital sourcing and valuation advisory services for middle market companies.