Tripp Scott, P.A. Represents A-1 Global Holdings and Shareholders
Tripp Scott, P.A. is pleased to announce that the shareholders of A-1 Global Holdings, Inc. have sold an interest in the company to an Employee Stock Ownership Plan, the A-1 Global Holdings ESOP Plan and Trust (A-1 ESOP). Acting as the Shareholders' and the Company’s legal counsel, Tripp Scott, P.A. assisted with the sale and related financing.
Established in 1977, A-1 has transformed the trusses industry in the Southeastern region of the United States. With its innovative technology, A-1 has developed EZWALL®, a residential wall solution that provides an all-encompassing and cost-effective solution to residential builders. The company’s core values, which include “Own it, Passionate, Honesty, and Respect,” are shared among all A-1 employees. With A-1 employees as part owners of the company, they will be able to embody these ideals and directly benefit from them.
Through the A-1 ESOP, eligible employees will be able to receive shares of stock in A-1 Global Holdings, Inc., the parent company of A-1 Industries of Florida and A-1 Industries of Georgia, at no cost. To safeguard employee’s interests, an independent trustee will oversee the A-1 ESOP. The A-1 ESOP is expected to enhance the company’s culture and stimulate future growth by giving employees a vested interest in the business.
Dennis Smith, Scott Jordan, Marianna Seiler and Ashley Arinus of Tripp Scott, P.A. skillfully guided the A-1 team through a series of interrelated transactions, ultimately resulting in the sale to the newly formed ESOP. Tripp Scott, P.A. congratulates the A-1 team and eagerly anticipates their continued success.