Lazear Capital Partners (Lazear), a leading investment bank specializing in middle-market ownership transitions through Employee Stock Ownership Plans (ESOPs) and M&A advisory, is pleased to announce its role as the exclusive advisor to TechSource, Inc. (TechSource) in its transition to an ESOP.
Founded in 1997 by Drs. Tom Ward and Pierre Grand, TechSource has grown into a premier provider of expertise in nuclear sciences, national security, and complex technical problem-solving. With over 500 senior-level scientists, engineers, and industry leaders, TechSource has played a vital role in supporting critical national defense programs, nuclear nonproliferation efforts, and energy security initiatives.
TechSource President and COO Jeff Giangiuli highlighted the significance of the ESOP, stating, “This decision aligns with our commitment to our employees and the future of the company, enabling us to preserve the leadership and vision set by Chief Executive Officer and Chairman Brian D’Andrea. We’re proud to empower and reward our team with employee ownership, enabling them to share in the company’s growth while contributing to the expertise and innovation our clients expect.”
Doug Janowski and Josh Zeidman, managing directors at Lazear, led the ESOP transaction.
“Understanding the unique business model that has positioned TechSource at the forefront of their industry allowed us to craft a solution that paves the way for sustained growth,” shared Doug Janowski. “We’re honored to have played a role in this significant step for a company that continues to set the standard. The true value of an ESOP is in the lasting change it creates, and we’re thrilled to witness this next chapter unfold.”
An ESOP allows employees to take full ownership of the company through stock allocations, creating a direct stake in the company’s success and future growth. “Sharing ownership is a natural extension of TechSource’s collaborative culture, where each individual contributes to the company’s success while securing their financial future,” stated Quinn Wingerd, SVP and CFO.
“Trust and expertise inspire everything we do,” added Barry Shulock, VP and General Counsel. “Transitioning to an ESOP reinforces our culture while increasing confidence that we will remain focused on our client missions. Partnering with Lazear aligned perfectly with the values that have driven our success. Forming an ESOP creates a pathway to secure the future of our company and employees.”
TechSource becomes part of a growing network of over 6,500 U.S. businesses with ESOPs, collectively employing nearly 14 million employee-owners. Research indicates that companies with employee ownership tend to outperform others in their industry and offer superior retirement benefits compared to businesses without an ESOP.
About Lazear
Headquartered in Columbus, OH, with a nationwide presence, Lazear is a premier middle-market advisory firm specializing in business ownership transitions. Since 1999, the firm has remained dedicated to helping business owners maximize wealth and preserve legacies through customized exit strategies, including ESOPs, M&A, and capital formation.
To learn more, visit www.lazearcapital.com and follow Lazear on LinkedIn.
Media Contact
Katherine Koon
Marketing Director
kk@lazearcapital.com
614-502-1411
