FMI Advises Northeast Structural Steel on 100% Sale to Employee Stock Ownership Plan

FMI Capital Advisors is pleased to announce that it served as the exclusive financial advisor to Northeast Structural Steel, Inc. in the sale of 100% of the company to a newly formed employee stock ownership plan (ESOP).

Headquartered in Pelham Manor, New York, Northeast Structural Steel is a leading structural steel erector serving clients throughout New York and New Jersey. The company specializes in heavy highway, building and other complex structural steel projects, delivering high-quality work across both the public and private sectors as a union contractor. With decades of experience and a reputation for excellence in some of the region's most demanding infrastructure and commercial projects, Northeast Structural Steel has built lasting relationships with clients by consistently delivering quality craftsmanship, safety and reliability.

"Transitioning to employee ownership was the right path for Northeast Structural Steel because it allows us to preserve the culture and values that have defined our company while investing in the people who have made our success possible," said Peter Blandeburgo, Chief Executive Officer of Northeast Structural Steel. "Our employees have always been the foundation of our business, and becoming employee-owned ensures they have a direct stake in our future while providing continuity for our clients, partners and communities."

About FMI Capital Advisors
FMI Capital Advisors has fully dedicated and deeply experienced investment banking teams advising clients on merger and acquisition (M&A) and employee stock ownership plan (ESOP) 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
[email protected]