Case Study: Moss Utilities strengthens long-term growth and employee ownership with Enterprise Bank & Trust

Moss Utilities reaches $165 million in revenue with Enterprise Bank & Trust

Moss Utilities, a high-growth utilities contractor, faced the challenge of planning for long-term ownership succession while maintaining its rapid expansion. The company's president wanted a strategy that ensured stability without requiring him to step away from the business. After deciding an Employee Stock Ownership Plan (ESOP) was the right path, they needed a banking partner, specifically Enterprise Bank & Trust, that could provide the complex financing required for this highly leveraged structure.

Enterprise Bank & Trust provided a loan for the ESOP transaction, enabling majority employee ownership, along with a flexible revolving loan and an efficient equipment financing facility. This solution allowed Moss Utilities to reward its employees with a stake in the business, improve operational alignment, and materially increase profitability by taking advantage of early-pay discounts. The financing structure provided by Enterprise Bank & Trust created a solid financial foundation to support the company's continued evolution and growth.

Moss Utilities