08/31/2026
CLOSED DEAL ANNOUNCEMENT - AEROSPACE & DEFENSE: Bridgepoint Investment Banking is proud to have advised Midwest Air Traffic Control on its sale to a newly formed 100% Employee Stock Ownership Plan, serving as the Company's exclusive financial advisor on both the sell-side transaction and the debt financing that funded it. Ownership now rests with the nearly 600 employees who run the Company every day.
"We started down a fairly conventional path to sell the Company, but Bridgepoint never let us settle for the first option on the table," said Shane Cordes, President and CEO of Midwest ATC. "They kept presenting us with alternatives until we found a structure that actually made sense, one that maximized value for our ownership while also taking care of the employees who built this Company. The ESOP was a far more complex path than a conventional sale, but it was the right one, and I'm grateful Bridgepoint stuck with us through every twist and turn, including advising us through the financing side, to get there."
Congratulations to Shane and the entire Midwest ATC team.
Read the full release: https://www.bridgepointib.com/experience-info/midwest-atc