Industrials | Corporate Finance Advisory, Debt & Equity Recapitalizations

Hypertherm, Inc. Establishes ESOP

  • Hypertherm, Inc. is a leading producer of plasma cutting equipment for the metalworking market
  • Hypertherm is privately held, and its owners retained TM Capital to evaluate alternatives to increase shareholder value and employee ownership
  • TM Capital assisted Hypertherm in implementing an employee stock ownership plan (ESOP) which provided substantial liquidity to the owners and an ownership stake for employees
  • In order to fund the ESOP and refinance existing debt, TM Capital arranged $40 million of senior debt financing for Hypertherm
  • TM Capital also provided the ESOP Valuation for this transaction

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