McLane Middleton is pleased to announce the successful completion of an Employee Stock Ownership Plan (ESOP) transaction for Intransit Container. This milestone marks a significant step in the company’s commitment to employee ownership and long-term sustainability.
The transaction was led by members of McLane Middleton’s M&A and ESOP teams. We are proud to have guided Intransit Container through this complex and rewarding process, ensuring compliance with Department of Labor and IRS regulations and helping to structure a plan that benefits both the company and its employees.
We extend our gratitude to the Intransit Container team for their collaboration and trust throughout the process. Richard C. Sousa, the former owner of Intransit Container, stated that he is “thankful for the many employees who over the years made this possible.”
Special thanks to our attorneys who played key roles in the transaction: John Rich, Beth Fowler, John Bentas and Madeline Lewis.