CCG Advisors Completes Sale of
Sunflower Landscaping & Maintenance To An Employee
Stock Ownership Plan
CCG Advisors today announced the
sale of its client, Sunflower Landscaping &
Maintenance, a leading Florida-based landscape
construction, maintenance and enhancements company.
CCG was originally retained by sunflower in 2005 on
the sale of a portion of the company to an Employee
Stock Ownership Plan and Sunflower turned once again
to CCG to complete the sale of the remaining shares
Sunflower was founded in 1988 by
Bill Fash in Palm Beach County. Bill's younger
brother Doug joined the company after graduation from
college and the two brothers have led the company
together ever since. In the years since
inception, Sunflower has grown from a two-person
family-operated business in to an established industry
leader that employs over 200 people.
Headquartered in Delray Beach, Sunflower has operating
locations in ten counties and four major markets
throughout Florida, including Delray Beach, Port St.
Lucie, Naples and Tampa. The company has won
numerous awards for their work, has an impeccable
reputation and very high rates of client retention.
"CCG did our original, partial ESOP
in 2005 and most recently our sale of the remaining
shares to become a 100 percent S-Corporation ESOP in
2013," said Doug Fash, Founder. "Both
transactions delivered excellent results and provided
us with the ability to create both liquidity for our
ownership and diversification of our net worth.
Brian and his team led both transactions and were able
to keep the various parties completely on track by
quarterbacking the entire process. Most
importantly, CCG was very instrumental in negotiating
and securing us a favorable valuation as well as
fantastic bank financing."
“After owning a company for
almost twenty years, I got to the point of wanting to
get some chips off the table," said Bill Fash,
Founder. "Having seen many of our friends and
competitors go through the sale process, we decided
the ESOP was a better route for us. Through the
ESOP we were able to achieve our personal financial
goals while not "selling out" or having to deal with a
buyer influencing the way we want to run our business.
Brian Corbett and his team made certain that we
received full fair market value and the absolute best
financing the market would bear, which is not always
the case in these things."
"This is the culmination of a
strategy we deployed back in 2005 when we sold the
first tranche of stock to the ESOP," says Brian
Corbett, CCG Advisors Managing Partner. "We are
thrilled for Bill and Doug and the employees of
Sunflower. The shift in ownership from the
founders to the employees is a major milestone for all
involved. We expect that the Fash brothers will
remain active in the company but do so after having
been bale to achieve liquidity for their ownership and
diversify their net worth, which is the dear m of any
business owner. We enjoyed the opportunity t
work with Bill and Doug again and appreciate their
trust and friendship."
CCG Advisors is an Atlanta-based merger and
acquisition firm specializing in advising owners of
privately held companies on business valuation,
strategic growth planning, capital alternatives and
exit strategies. CCG represents business owners
nationally and across all lines of industry in the
sale, recapitalization or ESOP of their companies. The
referrals and goodwill of our clients are a testament
to CCG’s record of building real and lasting client
relationships. CCG is committed to helping clients to
achieve their personal, financial and business goals
at the right time for maximum value.