ESOP Transactions for Contractors: Essential Surety Considerations

Patrice is a managing director at CBIZ, co-leads CBIZ’s national ESOP practice and sits on CBIZ’s Fairness Opinion Committee.  Patrice specializes in advising shareholders of middle-market companies on mergers and acquisitions (M&A), employee stock ownership plan (ESOP) transactions, fairness opinions and other consulting advisory services. In addition, Patrice has been instrumental in leading per previous firm’s (Marcum LLP) national ESOP practice. Patrice is on the Valuation Advisory Committee for the ESOP Association, speaks on various topics at national ESOP conferences and regularly publishes for both internal company-wide ESOP newsletters and outside publications.  Patrice also started her career working with construction companies as a surety underwriter in New York City. 

Wilson Denari is a Manager in the Valuation group. He has performed valuations of business interests for a variety of purposes including, but not limited to, employee stock ownership plans, gift & estate tax, mergers and acquisitions, shareholder buy-sell agreements, and healthcare transactions. Wilson primarily specializes in completing valuations for buy and sell-side ESOP transactions as well as annual valuation updates to ESOP trustees with existing ESOP clients. 

Prior to his current role, Mr. Denari performed valuations for the purposes listed above, in addition to financial due diligence services for buy and sell-side third party transactions, at a regional accounting and advisory firm located in Indianapolis, Indiana. Prior to appraising privately held businesses, Wilson served as an investment accounting supervisor for a global provider of investment processing, management, and operations solutions in Indianapolis. He also has experience providing assurance services in the financial services sector for a Big Four accounting firm in Indianapolis. 

Mr. Denari’s industry experience includes transportation services, professional services, construction, manufacturing, distribution, machinery/equipment repair and maintenance, market research services, and energy solutions providers.