FMI Advises Cambridge Companies on 100% Sale to Employee Stock Ownership Plan
FMI Capital Advisors is pleased to announce that it served as the exclusive financial advisor to Cambridge Companies (Cambridge) in the sale of 100% of the company to a newly formed employee stock ownership plan (ESOP).
Founded in 1988, Cambridge is a design-build construction firm specializing in commercial and industrial projects, with a sector focus on the solid waste and transportation industries. Headquartered in Scottsdale, Arizona, with an additional office in Griffith, Indiana, the company provides high-quality design, consulting, construction and general contracting services nationwide. Cambridge is known for delivering cost-effective and operationally efficient solutions tailored to each client’s needs.
As a leading partner in the waste, recycling and renewable energy infrastructure space, Cambridge Companies serves many of the industry's top environmental service providers, including Waste Management, GFL Environmental, Waste Connections and others.
“Their team brought unmatched knowledge of the ESOP process and provided strategic, tailored insights that helped us make confident decisions at every stage,” said Bryan Young, vice president and director of Cambridge Companies. "Equally valuable was FMI’s strong reputation within the close-knit ESOP community. Their credibility not only strengthened our process but also connected us with a highly capable team of legal, financial, and accounting professionals, all of whom played key roles in the success of our transition.
What truly set FMI apart was their ability to keep the transaction moving efficiently without ever compromising on detail. They made a complex process feel manageable and well-structured. Thanks to their guidance, Cambridge is now proudly employee-owned, and we entered this new chapter with clarity and confidence. FMI was a trusted partner throughout and an essential part of our success,” Young adds.
“We worked with FMI for about a year to evaluate the options that best met the goals for our company, our people and our clients, ultimately choosing to become an Employee-Owned Company,” said Jeff Eriks, President of Cambridge Companies. “FMI's guidance throughout the course of the process was critical in educating us on the options, the plans and the structure and helping us make a final selection. We want to thank the team, including Nathan Perkins, for their partnership, patience and time as we navigated through all the details.”
About FMI Capital Advisors:
FMI Capital Advisors has fully dedicated and deeply experienced investment banking teams advising clients on merger and acquisition (M&A) transactions across the built environment. We maximize value for our clients through our deep market knowledge, strong technical expertise and an unparalleled network of industry relationships. For more information, visit www.fmicapitaladvisors.com.
FMI Capital Advisors Contact:
Nathan Perkins
Managing Director, ESOPs
[email protected]