Hirschler continues its longtime partnership with Fredericksburg-based government contractor SimVentions.
On August 14, the company proudly announced a transfer of its ownership from existing shareholders to an Employee Stock Ownership Plan (ESOP). The move is consistent with the company’s vision to incent, recruit and retain top talent in the competitive field of providing engineering and technology solutions to the federal government.
Rod Simmons, who has served as the company’s primary contact at Hirschler, relied heavily on Andrew Lohmann and his ESOP expertise to close the transaction. Together they advised the client on a wide variety of issues, including deal structure, negotiation of deal terms with the ESOP trustee, and coordinating the redemption of nearly 90 minority shareholders. Rod and Andrew were capably supported by team members Marie Carter, Ambi Biggs, Steven Skaist, Brent Ashley and Jane Dixon.
Hirschler’s involvement in the transaction highlights the firm’s expertise in the employee benefits and government contracting arenas, both of which were instrumental in guiding SimVentions through this significant milestone.
Click here to read the SimVentions press release.
Kristen M. Chatterton