BVA Advises on ESOP Transaction Recognized in D CEO’s 2026 M&A Awards

A transaction supported by BVA has been named a finalist for “Deal of the Year” ($250M–$999M) in D CEO’s 2026 M&A Awards, recognizing the team behind Pogue Construction’s landmark transition to an Employee Stock Ownership Plan (ESOP).

 

The transaction marked a significant milestone for Pogue Construction, a Texas-based builder that transitioned to a 100 percent employee-owned structure effective December 1, 2025. The move reflects the company’s longstanding commitment to its workforce and positions employees to share directly in the company’s long-term success. BVA provided valuation expertise in connection with the transaction, supporting the deal team that guided the ESOP transition. Barnes & Thornburg served as legal advisor.

 

The deal has drawn recognition across the North Texas business community for its scale and impact, highlighting the continued momentum of employee ownership transactions and the role of experienced advisory teams in executing complex ESOP structures. D CEO’s annual M&A Awards recognize the most impactful transactions and dealmakers shaping the North Texas market. Finalists represent transactions that demonstrate strategic vision, execution, and meaningful impact on businesses and their stakeholders.

 

BVA is proud to have contributed to this award-recognized transaction and to support clients and advisors on complex deals across a wide range of industries.

Services:
Employee Stock Ownership Plans
Thought Leaders:

Afshin Sayani

CFA, ASA
Partner
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Shelby Stewart

Senior Financial Analyst
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Laurie-Leigh White

CPA*/ABV, ASA
Partner
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