Leveraged ESOP Acquisition for Dayton Manufacturer

Attorneys at Kegler Brown served as counsel in a complex two-stage transaction involving all of the outstanding stock of a Dayton, Ohio, manufacturing company (“DayCo”). The transactions also involved a $15 million three facility bank loan. The first stage transaction involved a leveraged redemption and recapitalization of DayCo and the second stage involved the leveraged purchase of all the remaining outstanding stock of DayCo by its ESOP.