Maryl Group, Inc.
ATI Capital Group, Inc. represented the Company and selling shareholder of the Maryl Group, Inc. in the sale of stock to the Company’s newly created –Employee Stock Ownership Plan. The Maryl Group is the leader in real estate development, general contracting, and creation of commercial and residential property throughout the state of Hawaii. The Company’s completed contracts can be found on several of the Hawaiian Islands.
The sale of stock to the Company’s brand new Employee Stock Ownership Plan and Trust represented approximately 30% of the total outstanding equity. This transaction allowed the owner to diversify some of his ownership in the Company on a tax advantaged basis and to provide a substantial incentive to its loyal employee base. It gives the employees a substantial additional retirement benefit while saving the Company millions of dollars in corporate federal and state income taxes on a go-forward basis. This plan as structured also gives the managers and employees a common incentive toward improved productivity, profitability and ultimately a higher share value in their retirement account.
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