Atlanta Office Opens for National ESOP Law Firm Krieg DeVault
Krieg DeVault Llp today announced the opening of an office in Atlanta to support the continued expansion of its employee stock ownership plan (ESOP) practice in the Southeast. Since 1985, Krieg DeVault has structured over 200 ESOP transactions for public and private companies throughout the United States. With a focus on middle-market companies, the transactions typically range in size from $3 Million to $200 Million.
Atlanta, GA, November 24, 2008 --(PR.com)-- Krieg Devault's National Employee Stock Ownership Plan (ESOP) Legal Practice Leads it to open southeastern office in Atlanta.
Krieg DeVault Llp today announced the opening of an office in Atlanta to support the continued expansion of its employee stock ownership plan (ESOP) practice in the Southeast. Since 1985, Krieg DeVault has structured over 200 ESOP transactions for public and private companies throughout the United States. With a focus on middle-market companies, the transactions typically range in size from $3 Million to $200 Million.
"The growth in employee stock ownership plans over the past few years has been significant," stated Krieg DeVault partner Stephen D. Smith, who leads the ESOP Practice Group and who will serve as the Partner in Charge of the Atlanta office. "ESOPs have always been popular in some areas of the country. As members of the baby boom generation who own businesses approach the stage of their careers when they need liquidity, they often consider an ESOP as an alternative to selling the company to a third party."
Krieg DeVault has long been a leader in the ESOP community. Its ESOP Practice Group structured the first ESOP to be a registered bank holding company, the first accounting and optometry firms to be owned by ESOPs, and the first ESOP to be sponsored by an S corporation. Krieg DeVault was directly involved in drafting the legislation that allowed S corporations to sponsor ESOPs.
Because ESOPs are advantageous financing tools, Krieg DeVault has structured ESOPs for engineering, architectural, manufacturing, banking, insurance, commodities brokerage, wholesale, transportation, privately owned utilities, custom machinery design/manufacturing, biotechnical, equipment leasing, forestry products, commercial and residential construction and professional services companies.
"The firm's ESOP practice has grown primarily because of our team-oriented approach to ESOP transactions, the experience of the attorneys in our ESOP Practice Group who dedicate their practices to ESOPs, our comparatively low Indianapolis billing rates and our support of and leadership positions in the ESOP community, including the ESOP Association and its New South and Indiana Chapters and the National Center for Employee Ownership" Mr. Smith said. For more information about Krieg DeVault's Esop practice, log on to www.kriegdevault.com/CM/ProfessionalServices/ESOP.asp.
"We are proud of our growth in the Southeast," stated the firm's Managing Partner, Michael E. Williams. "Just as we advise these clients to make the decision to pursue an Esop with care, we have done so regarding this expansion. We are excited to be opening our Atlanta office with a clear focus on the ESOP practice, for which we are nationally respected and have extensive local experience."
The office will provide services in all areas of employee benefits and executive compensation in addition to the more specialized ESOP services.
About Atlanta Partner in charge partner and ESOP practice chair Stephen D. Smith
Since 1985, Mr. Smith has dedicated his practice primarily to ESOPs and structuring ESOP transactions. He has been responsible for structuring over 175 ESOP transactions for public and private companies. Mr. Smith also designs and implements equity and non-equity-based incentive compensation programs for public and private companies. He represents ESOP sponsors, ESOP fiduciaries, including employer-appointed committees and independent ESOP trustees, in ESOP transactions throughout the United States, including the sale of ESOP companies and the termination of ESOPs. Mr. Smith was directly involved in drafting the S corporation ESOP enabling legislation contained in the Taxpayer Relief Act of 1997. He holds AB and Jd degrees from Indiana University and an Llm in Taxation from Georgetown University Law Center. He is a member of the Georgia and Indiana Bars.
About Krieg DeVault
Krieg DeVault Llp is a 130-plus professional, diversified law firm representing a wide variety of local, regional and national clients. It is a business-focused law firm with offices in Indianapolis, Carmel, Noblesville, Mishawaka, and Schererville, Indiana, Chicago, Illinois, and Atlanta, Georgia. The firm's attorneys have significant experience in key areas that address the needs of a diversified client base. Through its membership in Meritas, the firm's ability to assist clients reaches around the world. Information about the firm can be found online at www.kriegdevault.com.
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Krieg DeVault Llp today announced the opening of an office in Atlanta to support the continued expansion of its employee stock ownership plan (ESOP) practice in the Southeast. Since 1985, Krieg DeVault has structured over 200 ESOP transactions for public and private companies throughout the United States. With a focus on middle-market companies, the transactions typically range in size from $3 Million to $200 Million.
"The growth in employee stock ownership plans over the past few years has been significant," stated Krieg DeVault partner Stephen D. Smith, who leads the ESOP Practice Group and who will serve as the Partner in Charge of the Atlanta office. "ESOPs have always been popular in some areas of the country. As members of the baby boom generation who own businesses approach the stage of their careers when they need liquidity, they often consider an ESOP as an alternative to selling the company to a third party."
Krieg DeVault has long been a leader in the ESOP community. Its ESOP Practice Group structured the first ESOP to be a registered bank holding company, the first accounting and optometry firms to be owned by ESOPs, and the first ESOP to be sponsored by an S corporation. Krieg DeVault was directly involved in drafting the legislation that allowed S corporations to sponsor ESOPs.
Because ESOPs are advantageous financing tools, Krieg DeVault has structured ESOPs for engineering, architectural, manufacturing, banking, insurance, commodities brokerage, wholesale, transportation, privately owned utilities, custom machinery design/manufacturing, biotechnical, equipment leasing, forestry products, commercial and residential construction and professional services companies.
"The firm's ESOP practice has grown primarily because of our team-oriented approach to ESOP transactions, the experience of the attorneys in our ESOP Practice Group who dedicate their practices to ESOPs, our comparatively low Indianapolis billing rates and our support of and leadership positions in the ESOP community, including the ESOP Association and its New South and Indiana Chapters and the National Center for Employee Ownership" Mr. Smith said. For more information about Krieg DeVault's Esop practice, log on to www.kriegdevault.com/CM/ProfessionalServices/ESOP.asp.
"We are proud of our growth in the Southeast," stated the firm's Managing Partner, Michael E. Williams. "Just as we advise these clients to make the decision to pursue an Esop with care, we have done so regarding this expansion. We are excited to be opening our Atlanta office with a clear focus on the ESOP practice, for which we are nationally respected and have extensive local experience."
The office will provide services in all areas of employee benefits and executive compensation in addition to the more specialized ESOP services.
About Atlanta Partner in charge partner and ESOP practice chair Stephen D. Smith
Since 1985, Mr. Smith has dedicated his practice primarily to ESOPs and structuring ESOP transactions. He has been responsible for structuring over 175 ESOP transactions for public and private companies. Mr. Smith also designs and implements equity and non-equity-based incentive compensation programs for public and private companies. He represents ESOP sponsors, ESOP fiduciaries, including employer-appointed committees and independent ESOP trustees, in ESOP transactions throughout the United States, including the sale of ESOP companies and the termination of ESOPs. Mr. Smith was directly involved in drafting the S corporation ESOP enabling legislation contained in the Taxpayer Relief Act of 1997. He holds AB and Jd degrees from Indiana University and an Llm in Taxation from Georgetown University Law Center. He is a member of the Georgia and Indiana Bars.
About Krieg DeVault
Krieg DeVault Llp is a 130-plus professional, diversified law firm representing a wide variety of local, regional and national clients. It is a business-focused law firm with offices in Indianapolis, Carmel, Noblesville, Mishawaka, and Schererville, Indiana, Chicago, Illinois, and Atlanta, Georgia. The firm's attorneys have significant experience in key areas that address the needs of a diversified client base. Through its membership in Meritas, the firm's ability to assist clients reaches around the world. Information about the firm can be found online at www.kriegdevault.com.
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