Worm’s Way, Inc. (“Worm’s Way”), a long-time Indiana-based ESOP-owned company and one of the nation’s leading specialty retailers and distributors of unique garden products used in hydroponic and year-round gardening, recently completed a transaction whereby it was acquired by Sun Capital Partners, Inc., a leading private investment firm.
GBQ Consulting LLC (“GBQ”) served as the exclusive financial advisor to Worm’s Way’s ESOP trustee in this transaction, providing independent valuation services and rendering an opinion to the ESOP trustee that the transaction was fair to the ESOP from a financial point of view.
Worm’s Way had an impressive and distinguished history as an employee-owned company. The employee-owners of Worm’s Way achieved a positive financial result in this transaction, and partnering with Sun Capital positions the company for continued growth and expansion. We congratulate the ESOP owners of Worm’s Way on this transaction. GBQ has now advised on 15 ESOP transactions in the past 18 months.
About GBQ’s Valuation & Financial Opinions Practice
GBQ’s Valuation & Financial Opinions practice is nationally recognized and is among the fastest growing valuation practices in the country. With offices in Chicago, Cincinnati, Columbus, Indianapolis, New York, and Philadelphia, GBQ specializes in the valuation of businesses, business interests, and intangible assets in the contexts of transaction advisory, financial reporting, ESOPs, corporate planning, and shareholder succession planning. GBQ is a nationally recognized authority on ESOPs and has successfully guided many companies through the initial evaluation and implementation of an ESOP, as well as providing ongoing ESOP valuation and transaction services.