PCE Executes ESOP Transaction for KI

CHICAGO, May 10, 2018 -- PCE Investment Bankers, Inc., a leading financial services firm for middle market companies, is pleased to announce that Krueger International, Inc. ("KI" or the "Company") has consolidated ownership of the company into the KI Employee Stock Ownership Plan ("ESOP") Trust.

KI tombstoneFounded in 1941, KI is an industry leading manufacturer of innovative, award winning contract furniture, movable walls and high-density storage systems. Headquartered in Green Bay, Wisconsin, KI employs more than 2,000 workers making them now among the 50 largest ESOP owned companies in the United States.

PCE worked with the KI team to guide them through the ESOP feasibility study which provided a road map of their many options. PCE efficiently managed the ESOP transaction process including structuring the transaction as well as raising the capital required to create the liquidity event.

Will Stewart of PCE stated, "KI has been an exemplary ESOP-owned company for years. For them to take the steps required to get to 100% employee ownership was the fulfillment of a vision that was already in place. We are proud to have worked with Dick Resch and the rest of the KI leadership team throughout the process and look forward to seeing KI thrive as a 100% ESOP owned company"

"The Company needs to remain in Green Bay," commented Richard Resch, CEO of KI. "For generations, employees have helped me build this company. My prime goal is to keep the employees working for KI here in Green Bay for generations to come. We are immensely pleased with the outcome and grateful for the expertise provided by PCE."

About: KI manufactures innovative furniture and movable wall system solutions for education, healthcare, government and corporate markets. The employee-owned company is headquartered in Green Bay, WS and operates sales offices and manufacturing facilities in the United States, Canada, Latin America, Europe and Asia. KI tailors products and service solutions to the specific needs of each customer through its unique design and manufacturing philosophy. For more information, visit http://www.ki.com.

 

Largest Transactions Closed

  • Target
  • Buyer
  • Value($mm)
Andre Sutherland

 

Andre Sutherland

Valuation

Orlando Office

407-621-2119 (direct)

asutherland@pcecompanies.com

Connect
407-621-2119 (direct)

407-621-2199 (fax)

Daniel Kvarnberg

 

Daniel Kvarnberg

Valuation

Orlando Office

407-621-2132 (direct)

dkvarnberg@pcecompanies.com

Connect
407-621-2132 (direct)

407-621-2199 (fax)

David Jasmund

 

David Jasmund

Investment Banking | ESOP

Orlando Office

407-621-2111 (direct)

djasmund@pcecompanies.com

Connect
407-621-2111 (direct)

407-621-2199 (fax)

Eric Zaleski

 

Eric Zaleski

Investment Banking | ESOP

Chicago Office

847-239-2466 (direct)

ezaleski@pcecompanies.com

Connect
847-239-2466 (direct)

407-621-2199 (fax)

Melissa Ritter

 

Melissa Ritter

Investment Banking

Orlando Office

407-621-2128 (direct)

mritter@pcecompanies.com

Connect
407-621-2128 (direct)

407-621-2199 (fax)

Michael Rosendahl

 

Michael Rosendahl

Investment Banking

New York Office

201-444-6280 Ext 1 (direct)

mrosendahl@pcecompanies.com

Connect
201-444-6280 Ext 1 (direct)

407-621-2199 (fax)

Will Stewart

 

Will Stewart

Investment Banking | ESOP

Orlando Office

407-621-2124 (direct)

wstewart@pcecompanies.com

Connect
407-621-2124 (direct)

407-621-2199 (fax)

whitcomb-woody

 

Woody Whitcomb

Investment Banking

Orlando Office

407-621-2113 (direct)

wwhitcomb@pcecompanies.com

Connect
407-621-2113 (direct)

407-621-2199 (fax)

 

Michael Poole

Investment Banking

Orlando Office

407-621-2124 (direct)

mpoole@pcecompanies.com

Connect
407-621-2124 (direct)

407-621-2199 (fax)

vogt-paul

 

Paul Vogt

Valuation

Atlanta Office

678-641-4760 (direct)

pvogt@pcecompanies.com

Connect
678-641-4760 (direct)

407-621-2199 (fax)

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