ESOP Transactions
When a company establishes an ESOP or an existing ESOP acquires additional stock, the transaction must be supported by an independent valuation opinion confirming that the plan is paying no more than adequate consideration for the shares. Cogent Valuation provides the independent fairness and valuation opinions required by ERISA and the Department of Labor for ESOP formation transactions, leveraged buyouts, and other stock purchase transactions involving employee benefit plans. Our Managing Directors carry personal fiduciary credibility that matters in this context. We understand the regulatory environment, the DOL's scrutiny of ESOP transactions, and what it takes to produce an opinion that protects the trustee, the plan, and the company. Our opinions are thorough, well-documented, and built to withstand challenge.
