PCE is pleased to announce the expansion of its ESOP advisory practice to the U.S. west coast with the addition of Ken Sommers. Located in Denver, Colorado, Sommers joins PCE as a Managing Director and will be responsible for providing financial assistance to business owners and ESOP-owned companies in evaluating and structuring ESOP transactions.
Previously serving as the Chief Financial Officer of an established manufacturing and distribution company, Ken played a vital role in driving the company's growth and financial success. Furthermore, in 2010, he successfully resolved a company succession issue by implementing an ESOP. Subsequently, he managed the ESOP's day-to-day decision-making until negotiating its sale to a private equity firm in 2021. Learn more about Sommer's experience here.
"We are thrilled to have Ken join our team. His firsthand experience establishing and operating an ESOP-owned company will undoubtedly benefit our clients, both those considering an ESOP and those already ESOP-owned. I'm convinced his expertise and leadership skills will propel our ESOP practice forward, ensuring our clients receive an exceptional ESOP transaction experience," stated Will Stewart, PCE's ESOP practice leader.
"I am very excited to join PCE and work with the talented team of professionals in the ESOP, M&A, and Valuation practices. PCE's ability to present multiple succession solutions provides the highest level of service to meet our client's goals and objectives. During my previous company experience, I personally witnessed the productivity, cultural, and tax advantages an ESOP can provide. I am looking forward to assisting other companies in solving their succession issues and ultimately realizing the same ESOP advantages." commented Sommers.
Sommers is a Certified Public Accountant and holds B.S. in Business Administration and Accounting from the University of California, Berkeley.