Durkin and Sons becomes Employee Owned through EOT

Entrepreneurs Hub has advised the shareholders of Durkin and Sons as they sell a majority of shares to  their employees via an Employee Ownership Trust. We advised the shareholders through the entire process, structuring a transaction that transferred majority ownership to an Employee Ownership Trust while securing fair value and financial stability. The transition created a sustainable future for the company, giving employees a genuine stake in its success while ensuring the founders achieved their succession goals.

Michael Durkin says;

“We brought in Entrepreneurs Hub to help us evaluate our exit options, and after careful consideration, we decided that an Employee Ownership Trust was the best fit for our situation. This structure allowed us to remain actively involved in the business while we focused on strengthening the new board, including recruiting a Managing Director to take the lead. As part of this process, we asked Entrepreneurs Hub to support us in that recruitment. They managed everything from identifying, approaching, and screening potential candidates, to overseeing and conducting the interview process. We were presented with several top-tier candidates and ultimately hired a new MD who has been an excellent addition to the business. We are extremely excited about the future of Durkin and Sons as an EOT and would like to express our sincere thanks to the Entrepreneurs Hub team for their invaluable support. We’ve already recommended them to other business owners exploring their options.”