ESOP Summer School 41: Keith Butcher of ButcherJoseph, Part 1

It's time for our annual EO/ESOP Podcast Summer School series. We've selected some of our favorite episodes over the past year for your enjoyment over the summer break. In part 1, Bret Keisling was joined by Keith Butcher, managing partner and co-founder of ButcherJoseph & Co., a national investment banking firm focused on middle market M&A and ESOP advisory. Keith shares his view that when mature ESOPs run into trouble, it is not because the ESOP structure is flawed, but that the company and leadership team has lost its entrepreneurial and strategic spirit. He discusses the positive interplay between private equity and employee ownership and why it's a good thing, and why companies should act like they're going to sell in 3 years, whether they intend to or not. This episode was originally published as the first in a two-part series, which is now available in its entirety on our website at: https://www.theesoppodcast.com/post/esop-summer-school-41-keith-butcher-of-butcherjoseph-part-1