BVA provided valuation expertise in connection with Good Times USA’s transition to 100% employee ownership through an Employee Stock Ownership Plan (ESOP), supporting the trustee team in the ownership transition.

Good Times USA, a leading U.S. cigar manufacturer with distribution in more than 25 countries, completed the ESOP transaction as a significant milestone in the company’s history and a reflection of its long-term commitment to employees, customers, and business partners.

Through the ESOP, Good Times USA employees will participate directly in the company’s future success while helping preserve the culture and values established by company leaders Joseph Tabshe and Gregory Dana. As part of the transition, the company became fully employee-owned, positioning employees as stakeholders in the organization’s continued growth and performance.

The transaction reflects the continued momentum of employee ownership as a succession planning strategy for privately held businesses seeking to reward employees, preserve legacy, and maintain long-term independence.

BVA is proud to support ESOP transactions across a wide range of industries and to work alongside business owners, trustees, and advisors on complex ownership transition engagements.