August 2016
Chartwell was honored to be an auction sponsor of the 56th Annual Lurie Children’s Pro Amateur Golf Championship & Dinner on the Bluff, the longest running and most successful fundraising event for the Founders’ Board of the Ann & Robert H. Lurie Children’s Hospital of Chicago. This year’s event was a record-breaking fundraiser, with nearly $2.0 million raised for Lurie Children’s patients and families.
July 2016
During our company-wide summer event, Chartwell professionals volunteered with Second Stork, a non-profit that works with Minnesota hospitals to help new parents in need by providing them with items critical to the care of their newborn.
July 2016
Missouri Governor Jay Nixon vetoed legislation intended to encourage business owners to sell to Employee Stock Ownership Plans (ESOPs). The bill would have allowed for an income tax deduction of 50 percent of the net capital gain from the sale of company stock to an ESOP, if the company was at least 30 percent employee-owned. The state legislature now has the option to override the governor’s veto.
July 2016
Ben Franklin famously said that the only things certain in life are death and taxes. But that’s only because ESOPs weren’t invented yet. While there is a growing appreciation for how ESOPs help boost productivity and build wealth for employees, their power as a tax shelter is sometimes overlooked. Darren Dahl, a contributor to Forbes, writes on the tax advantages provided to business owners selling to an ESOP and their participants, in an article originally published on
June 2016
Chartwell is pleased to announce Vic’s Crane & Heavy Haul, Inc. (“Vic’s” or the “Company”) has completed the transition to 100% employee ownership (the “Transaction”) through a newly established Employee Stock Ownership Plan (“ESOP”). Chartwell acted as the exclusive financial advisor to Vic’s throughout the Transaction, providing unbiased counsel to the shareholders as they evaluated all ownership succession options. Once employee ownership was determined to be the preferred outcome, an efficient financing placement and ESOP transaction process allowed the transition to be completed in less than 60 days on May 31, 2016.