As someone who spent a big chunk of my career at a great employee-owned company (the old SAIC before it was called Leidos and before its IPO), this deal brought a smile to my face. JTG Inc. announced that it has completed a 100 percent employee stock ownership (ESOP) buyout with the former CEO remaining as an employee and member of the Board of Directors. JTG provides intelligence analytics (digital engagement, social media analysis, foreign media monitoring, and open source analysis), training, and language support to government and commercial clients.
The McLean Group advised JTG on the transaction. For a quick overview of ESOP's, check out this ESOP 101 by the Beyster Institute.
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