Chartwell is pleased to announce D.P. Nicoli, Inc. has completed a recapitalization transaction with a newly formed ESOP.

Position: 1-Managing Directors

Wil Becker

Wil has been with Chartwell for over 20 years and is a member of the firm’s corporate finance practice. He focuses on providing ownership transition strategies to middle-market companies, including the execution of traditional M&A processes for both sell-side and buy-side transactions. He provides corporate consulting services to both private and ESOP-owned companies and has experience within a variety of industry sectors.

Wil also has significant experience in performing valuations of privately-held companies for corporate planning, equity compensation, tax, financial reporting, and transaction-related purposes. Wil is head of Chartwell’s broker dealer affiliate, CCS Transactions, LLC, and is its Chief Compliance Officer.

Professional Involvement

Wil is a member of the Association for Corporate Growth, The ESOP Association, and the National Center for Employee Ownership. He is a frequent presenter on M&A and valuation issues to professional groups.

Wil is designated as an Accredited Senior Appraiser (ASA) in Business Valuation by the American Society of Appraisers. Wil holds FINRA Series 7, 24, 63, and 79 licenses.

Professional Experience

Prior to Chartwell, Wil was part of the corporate development team at Securian Financial, where he was involved in M&A activities as well as the company’s restructuring into a mutual holding company.

Will Bloom

Will leads Chartwell’s Chicago office. He is an investment banker for the firm’s corporate finance practice and heads the firm’s capital markets team. Will has worked on both mergers and acquisitions as well as capital markets transactions within a variety of industries while executing high-profile ESOP buyouts, terminations, and restructurings.

Professional Involvement

Will is an active member of The ESOP Association, where he currently serves on the Finance Advisory Committee. He is also a member of the National Center for Employee Ownership. Will is a recipient of The M&A Advisor’s 40 Under 40 Award in recognition for his expertise and professional accomplishments.

Will is a registered representative with Chartwell affiliate, CCS Transactions, LLC, and holds FINRA Series 7, 63, and 79 licenses.

Professional Experience

Prior to Chartwell, Will was an investment banker with Bank of America Merrill Lynch’s Transaction Development Group, where he focused on executing sell-side, buy-side, and ESOP transactions for middle-market clients between $200 million and $2 billion in enterprise value.

Prior to Bank of America, Will spent considerable time as a member of ABN AMRO’s Global Markets group, where he participated in originating and executing investment grade and high yield bond issuance, traditional senior private placements, securitizations, junior capital and underwriting, and distributing second lien loans. Will also participated in establishing De Meer Asset Management, a division of ABN AMRO, where he acted as a principal investor in liquid and illiquid leveraged senior and junior loan assets as a part of multiple cash and synthetic collateralized loan obligation structures. 

Nick Braun

Nick joined Chartwell in 2007 and leads the firm’s Portland office. He provides financial advisory and valuation services to the middle market, with extensive valuation experience related to fairness opinions, employee stock ownership plans, corporate planning, and shareholder liquidity alternatives. Nick also has significant experience in corporate finance engagements, including transaction advisory and corporate development. He works with clients across the United States, covering a broad scope of size, industries, and capital structures.

Professional Involvement

Nick is an active member of the Association for Corporate Growth, The ESOP Association, and the National Center for Employee Ownership. Nick has been a featured speaker for these organizations on employee ownership and valuation issues. He also regularly presents to management teams, boards of directors, ESOP trustees, and employee groups.

Nick is an Accredited Senior Appraiser (ASA) designated in Business Valuation by the American Society of Appraisers. He is also a registered representative with Chartwell affiliate, CCS Transactions, LLC and holds FINRA Series 63 and 79 licenses.

Tim Cleary

Tim leads Chartwell’s ownership advisory practice, helping privately-held and mature ESOP-owned companies understand, evaluate, design, and implement strategic alternatives for the next stage of the business’ life cycle. He also helps mature ESOP-owned companies establish financial disciplines to assure long-term sustainability. Tim’s legal, tax, and administrative experience allows him to design creative yet practical solutions that optimize benefits for clients. He has been helping privately-held business owners and management since 1987.

Professional Involvement

Tim is an active member of The ESOP Association and the National Center for Employee Ownership. He is also a member of the American Council of Engineering Companies (ACEC), where he currently serves on the Affiliate Advisory Committee. Tim is a nationally known speaker and writer on ESOPs.

Professional Experience

Tim started his consulting career as a corporate tax and ESOP attorney. He then led Ernst & Young’s National ESOP Consulting Practice, where he was instrumental in shaping innovative S Corporation ESOP structures. Tim also led Principal Financial Group’s ESOP Consulting Practice, one of the largest ESOP administration and consulting practices in the country.

Greg Fresh

Greg has been with Chartwell since 2010 and leads the firm’s corporate finance practice. During the course of his 25+ year investment banking career, he has been involved in hundreds of transactions including both M&A and capital markets, in public and private markets.

Professional Involvement

Greg is a member of the Association for Corporate Growth, The ESOP Association, and the National Center for Employee Ownership. Greg is a frequent speaker on variety of corporate finance topics involving ESOPs.

Greg is a registered representative with Chartwell affiliate, CCS Transactions, LLC and holds FINRA Series 7, 62, 63, and 79 licenses.

Professional Experience

Prior to Chartwell, Greg was Managing Director of Bank of America Merrill Lynch’s M&A advisory group, where he was responsible for covering diversified industrial clients, as well as ESOP advisory for the investment bank. Prior to Bank of America, Greg was Managing Director at ABN AMRO where he was responsible for M&A advisory and a member of the coverage team for the consumer sector. In addition, he established and led the ESOP Advisory practice for the investment bank, as well as co-led the middle market public to private practice. Prior to his large cap investment banking experience, Greg was a Managing Director at Lazard Middle Market (Goldsmith, Agio, Helms) where he represented private business owners, corporations, and  private equity in a variety of middle-market M&A transactions.

In addition, Greg has held positions of increasing responsibility with Fortune 100 companies Diageo, plc and Invensys plc in corporate development, planning, and finance director positions. Greg began his M&A career in private equity with the Jordan Industries, Inc., the holding company strategy of the Jordan Company. He began his career in public accounting.

Paul Halverson

Paul began his career providing independent business valuation services to privately-held companies and their shareholders. He founded Chartwell in 1995 and has grown the firm into a leading national financial advisory serving the middle market.

He engaged with his first ESOP-owned company in 1987 and has dedicated 30+ years to providing unrivalled guidance on all financial aspects an organization may encounter during the lifecycle of ESOP ownership.

Paul has led Chartwell’s development from a single location valuation firm into a multifaceted financial advisory firm offering unmatched consulting, corporate finance, and valuation expertise. He devotes the majority of his client focus to advising companies, boards of directors, ESOP trustees, and business owners on long-range ownership and capital planning matters.

Professional Involvement

Paul is an active member of The ESOP Association and the National Center for Employee Ownership, where he has been a frequent speaker and thought leader for both organizations.

Paul is a registered representative with Chartwell affiliate, CCS Transactions, LLC and holds FINRA Series 24, 63, and 79 licenses.

Richard Joseph

Richard has been with Chartwell since 2015 and leads the delivery of the firm’s West Coast financial advisory and consulting services. For over 25 years, Richard has worked with privately-held companies and shareholders with an emphasis on employee ownership. Richard is a recognized authority in fiduciary compliance, corporate governance, ESOP consulting and transaction execution, ownership transition strategies, corporate sustainability, and other business issues involving capital planning for privately-held businesses.

Professional Involvement

Richard is an active member of the Association for Corporate Growth, The ESOP Association, and the National Center for Employee Ownership. He is a frequent speaker at local, regional, and national ESOP conferences.

Professional Experience

Prior to Chartwell, Richard was a Managing Director with Alerus Financial’s ESOP Services practice, where he regularly engaged with companies on a broad range of topics including ESOP formation, fiduciary issues, stock transaction structure, corporate governance, repurchase obligation, stock valuation and capital analysis, ESOP sustainability, and participant communications.

Matt Keene

Matt leads Chartwell’s executive compensation practice. He works with privately-held companies to obtain relevant pay data and achieve key goals for compensation programs, with a special focus on ESOP companies and equity-based incentives. His passion is helping companies implement successful ownership transition strategies while aligning shareholders, executives, and employees in the achievement of mutually beneficial outcomes. Over the past 29 years, he has worked with companies on all aspects of qualified and non-qualified plan origination, operation, and termination.

Professional Involvement

Matt currently serves on the National Center for Employee Ownership Board of Directors and on the Advisory Committee for Employee-Owned S Corporations of America (ESCA). In addition, Matt is a member of The ESOP Association, where he has previously held leadership positions within the organization. Matt also participates in the National Association of Stock Plan Professionals and the American Council of Engineering Companies (ACEC).

Matt is a frequent speaker and writer at the national level on topics relating to executive compensation, ownership transition alternatives, and qualified and non-qualified plan operational issues.

Professional Experience

Prior to Chartwell, Matt spent 10 years with a leading ESOP consulting firm and 12 years with a Big Four accounting firm where he worked in the National Tax Department advising field employees on rulings and developments affecting employers’ compensation and benefits programs.

Tim Lang

Tim has provided financial advisory and valuation services to privately-held companies since 2007. A substantial portion of his work relates to employee stock ownership plans and providing independent financial advisory services to ESOP trustees and other corporate fiduciaries. He also has experience with corporate ESOP advisory engagements, providing services for transaction-related purposes. Throughout his career, Tim has worked with a diverse demographic of companies. In particular, he has significant experience valuing construction companies.

Professional Involvement

Tim is an active member of The ESOP Association and National Center for Employee Ownership. He has been a featured speaker for both organizations at national, regional, and local events on employee ownership and valuation issues. Tim also regularly presents to management teams, boards of directors, ESOP trustees, and employee groups.

Tim is a registered representative with Chartwell affiliate, CCS Transactions, LLC and holds FINRA Series 63 and 79 licenses.

Ted Margarit

Ted is a member of Chartwell’s corporate finance practice, where he focuses on providing ownership transition strategies, including the execution of ESOP transactions and/or traditional sell-side M&A processes with strategic and private equity buyers. His combination of industry experience, transaction analysis, execution expertise, and a practical, solutions-focused legal perspective provide Ted with a unique skillset to advise clients in a comprehensive, holistic fashion.

Professional Involvement

Ted is a member of The ESOP Association, where he currently serves on the Legislative & Regulatory Advisory Committee. He is also a member of the National Center for Employee Ownership. Ted frequently speaks at national conferences held by both associations. Ted is a recipient of The M&A Advisor’s Emerging Leaders Award in recognition of his expertise and professional accomplishments.

Ted is a registered representative with Chartwell affiliate, CCS Transactions, LLC and holds FINRA Series 63 and 79 licenses. He also holds licenses to practice law in Minnesota and North Dakota. He is admitted to practice before the North Dakota Federal District Court, the United States Tax Court, and the U.S. 8th Circuit Court of Appeals.

Professional Experience

Prior to Chartwell, Ted was an investment banker in the Consumer Group at Harris Williams & Company, where he advised companies in the consumer products and services, food and beverage, and restaurant and retail sectors. Prior to Harris Williams, Ted was a member of the M&A Group at Lazard Middle Market. 

Preceding his investment banking career, Ted practiced law in the areas of M&A and tax, with a particular emphasis on the creation, maintenance, and termination of ESOPs. Included in his ESOP practice were transactions involving both the purchase and sale of sponsoring employers, as well as general ESOP operational issues, IRS/DOL compliance reviews and corrective actions, and plan document drafting.


Back to top