Pilot Hill Advisors

09/24/2026

Belated update on valuation protections for ESOP fiduciaries heads to President's desk

The Retire Through Ownership Act passed the House on Wednesday by a vote of 401-14.

06/18/2026

20 year-old IT consultancy transitions owenrship with an ESOP

Founders Steve Buttitta and Craig Luce transfer full company ownership to employees, marking a milestone in Keena's 20-year legacy of healthcare IT innovation

05/15/2026

Okland Construction's partial ESOP transaction shows how ESOP and direct ownership work together for the benefit of everyone.

Century-old builder enters next chapter by sharing long-term success with its people.

05/01/2026

ESOPs can make a dramatic difference for the people that help make their companies a success.

Its ESOP Ownership Model Is Why.

09/12/2025

Construction firm talks about how employee-ownership helped keep it going during tough times.

At Messer, employee ownership shapes how we operate every day,

09/05/2025

ESOP-owned BL Companies explains one of the keys to their success...employee leadership!

As an employee-owned company, leadership has to be shared.

08/01/2025

ESOPs don't have to be forever to be impactful.

The ESOP trust will still retain over 20% of the remaining shares, with the original equity holders owning the other majority interest.

05/23/2025

Any means of broadening employee ownership is a good thing.

By offering equity to its own workforce, a company can both dramatically increase worker engagement and provide a powerful value creation differentiator

04/04/2025

Pilot Hill Advisors is excited to announce the addition of two senior finance professionals who recently joined the firm as Managing Directors.

Charles Kroll, CPA has joined PHA after a lengthy stint as CFO at a 100% ESOP-owned distribution business. In that role, Charles managed the annual ESOP process including creating financial projections, forecasting ESOP share repurchase obligations, and overseeing compliance with ESOP regulations. Charles is looking forward to sharing his ESOP expertise with successful companies throughout the Midwest that are considering an ESOP transaction.

Carl Genberg joined the firm after a successful career as a commercial and investment banker. Carl was a leader of middle market investment banking at a national bank where he focused on mergers and acquisitions and capital market transactions. He also was the national practice leader for his bank’s business transition planning team where he advised business owners on a variety of transition alternatives including ESOPs, strategic sales, private equity recapitalizations, and management buyouts. His experience in a variety of transition strategies brings additional depth to the advisory practice of Pilot Hill Advisors. Carl will be focusing his ESOP activities on the West Coast.

01/21/2025

DOL finally comes around to proposing language regarding adequate consideration...though further action will delayed until the administration OKs permits further consideration

DOL proposed regulation provides guidance for fiduciaries to ensure employer stock bought, sold by employer stock ownership plans is at fair market value