PCE Investment Bankers, Inc. (PCE), a leading financial services firm for midmarket companies, is pleased to announce that Wilson Iron Works and Grabek Iron Works (WIW) recently transferred 100% ownership into an ESOP (employee stock ownership plan) trust fund. PCE served as the exclusive financial adviser to WIW.
Founded in 1945, WIW is a collection of companies providing steel fabrication, erection, grating, and steel bar joists to a diverse group of customers. WIW serves the needs of commercial, industrial and residential clients throughout Indiana and south Chicago, with capabilities to ship nationwide.
Darrin Grabek, the owner of WIW, first began exploring options for a business transition several years ago. After speaking with his financial advisors to understand his alternatives, he ultimately settled on an ESOP. An ESOP made perfect sense given the flexibility and benefits they offer all parties involved.
Darrin said, “From the minute I was introduced to Eric Zaleski of PCE, I felt the perfect connection. From the initial understanding of how an ESOP would impact me, all the way through the closing, PCE provided more guidance and expertise than I imagined. PCE navigated all aspects of the transaction and over-delivered. I couldn’t be more appreciative of what they achieved for my family (personal and company) and me.”
Eric stated, “Having the opportunity to work with Darrin and his team was wonderful. His vision from day one was clear and allowed us the ability to present his options and quickly move forward. Closing a transaction that exceeded expectations in a short timeframe for Darrin was such a pleasure, and we look forward to working with him in the future.”
About Wilson Iron Works: Founded in 1945, WIW is a collection of companies providing steel fabrication, erection, grating and steel bar joists to a diverse group of customers. WIW serves the needs of commercial, industrial and residential clients throughout Indiana and south Chicago, with capabilities to ship nationwide.