Employee-Ownership (ESOP’s) – A Succession Plan versus an Exit Plan for Owners

• How does an ESOP Succession Plan work?
• Why is employee ownership gaining in popularity so quickly?
• What are the considerations and what owners and companies do ESOP’s fit best?

Doug is a Managing Director with Lazear Capital Partners in our Dallas office focusing primarily on Texas and the surrounding southern United States. He helps business owners and their advisors understand business succession options and determine if selling the company to an ESOP is the right solution. 

Doug oversees coordination between the company, its advisors, and the team at Lazear Capital to help plan, execute and ensure successful outcomes and meet all of the agreed-upon objectives. He draws on a wealth of industry knowledge and 20 years of professional experience in financial services, accounting, and general ledger systems, professional services, enterprise software, business intelligence, data analytics, insurance/risk management, and tax and audit regulatory compliance. 

Before joining Lazear Capital, Doug worked as the Director for Business Development for CBIZ Valuation Group, a business unit of CBIZ, providing business valuation and tangible asset appraisal consulting services.  Before CBIZ, he spent fifteen years at a global, multi-billion dollar technology and consulting organization supporting the largest accounting and advisory firms in the southern United States.  Doug began his career as an investment advisor for a boutique consulting firm managing over two billion dollars in defined benefit plan investments, as well as several years as a financial analyst for Andersen Consulting, now Accenture.

Doug received both a B.B.A. with honors in Finance and a B.A. in Mathematics from the University of Texas at Austin.