PCE Executes ESOP Transaction for Forum Architecture & Interior Design

PCE Investment Bankers, a leading financial services firm for mid-market companies, is pleased to announce the shareholders of Forum Architecture & Interior Design (Forum) have sold the remaining interest to the Forum Architecture & Interior Design Employee Stock Ownership Plan (ESOP) Trust as part of a 100% ESOP transaction.  PCE served as the financial advisor to Forum.

Forum Architecture tombstoneFounded in 1986 by R. Norman Stoehr and James B. Black, Forum is a full-service commercial and residential architectural firm specializing in planning, architecture, and interior design throughout the United States.  The Central Florida based firm credits their success to the team’s united commitment to offering clients exceptional design with superior collaboration. 

Forum’s existing ESOP has owned a minority interest stake in the company since 2004 when the ESOP was first established.  With the objective of remaining independent and privately owned, Stoehr and Black decided to transfer 100% ownership to the employees.

PCE guided Forum through the feasibility study, providing them a range of options, raised the capital and structured a smooth transaction.

Black, reflecting on the transaction, stated “We are very excited to complete the transition of ownership to the individuals that have been so instrumental in the company’s success.  PCE helped us structure and close a transaction that achieves all of our goals.”

“PCE was honored to assist Forum with structuring and closing their latest ESOP transaction.  They have been a well-respected company in the Orlando area for years, and we believe this transaction will position Forum to thrive for years to come,” stated Will Stewart of PCE.

About: Forum Architecture & Interior Design, Inc., is an employee-owned full service commercial and residential architectural firm specializing in planning, architecture, and interior design throughout the United States. Forum was created in 1986 by its founding Principals R. Norman Stoehr and James B. Black. Forum focuses on five primary markets: multifamily, resort, hospitality, residential and commercial.

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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)

poole_michael

 

Michael Poole

Investment Banking

Orlando Office

407-621-2112 (direct)

mpoole@pcecompanies.com

Connect
407-621-2112 (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)

Mackenzie Moran

 

Mackenzie Moran

Investment Banking

New York Office

201-444-6280 Ext 3 (direct)

mmoran@pcecompanies.com

Connect
201-444-6280 Ext 3 (direct)

407-621-2199 (fax)

Isabel Carta

 

Isabel Carta

Investment Banking

Orlando Office

407-621-2149 (direct)

icarta@pcecompanies.com

Connect
407-621-2149 (direct)

407-621-2199 (fax)

Philipp Seubert

 

Philipp Seubert

Investment Banking

New York Office

201-444-6280 Ext 4 (direct)

pseubert@pcecompanies.com

Connect
201-444-6280 Ext 4 (direct)

407-621-2199 (fax)

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