Chartwell is pleased to announce Preferred Beef Group, a leading processor of beef products, has transitioned ownership to an Employee Stock Ownership Plan (“ESOP”). Following decades of independent ownership with a focus on the long-term success of Preferred Beef Group (“PBG”), the shareholders began to explore ownership transition alternatives. After thorough consideration, the shareholders chose an ESOP to benefit PBG’s 300+ employees and preserve the company ’s culture and values.
Chartwell was engaged by PBG to act as exclusive financial advisor for the 100% ESOP sale transaction. Prior to the ESOP transaction, Chartwell performed annual corporate planning valuations for PBG regarding the fair market value of its partnership interests.
About Preferred Beef Group
Headquartered in Booker, Texas, Preferred Beef Group supplies quality beef cuts and complimentary products to downstream processors serving retail and foodservice customers nationwide. PBG specializes in cattle processing at its USDA-certified facility, sourcing cattle through auctions and direct rancher partnerships. PBG has processed over 200,000 head per year over the past decade and continues to see a stable demand for its beef products.
Chartwell Contact
For additional information on this transaction, please contact Wil Becker. To learn more about Chartwell’s corporate finance capabilities, please contact Greg Fresh.