From the Wires
SC&H Capital Advises Freedom Consulting Group in a Sale to an ESOP
By: PR Newswire
Nov. 26, 2012 10:43 AM
BALTIMORE, Nov. 26, 2012 /PRNewswire/ -- SC&H Capital served as the exclusive financial advisor to Freedom Consulting Group (FCG), in its recent sale transaction involving the purchase of a minority interest in FCG by an Employee Stock Ownership Plan (ESOP).
Freedom Consulting Group is provider of a variety of mission critical IT services to the Intelligence Community including database architecture and systems development, data warehousing, geospatial information systems, and software development. Based in Columbia, MD, Freedom Consulting Group has grown rapidly since its inception in 2004 and today employs approximately 75 professionals.
Dana Gift, Norm Walters and Scott Beall, Freedom Consulting Group's partners, commented, "We are very excited by the implementation of an ESOP at FCG. This represents a transformational event in the life of the Company and highlights the importance of our employees to our ability to continue providing mission critical services to our clients. We look forward to sharing in the continued growth of the Company with all of our employee owners."
The FCG partners continued, "SC&H was a valued partner during the process of considering and implementing the ESOP for our employees. The SC&H team provided tremendous ESOP expertise, along with timely and solid advice in the execution of this very important transaction."
About SC&H Capital
SC&H Capital is an affiliate of SC&H Group, a full services CPA and management consulting firm advising leading companies on accounting, tax, profitability and strategy solutions.
Securities offered through Stout Causey Capital Corporation, member FINRA.
PR Contact: Jennifer Alterwitz | 410-785-8570 | JAlterwitz@scandh.com
SOURCE SC&H Capital
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