Terrazzo Marble is a wholesale distributor of products for the terrazzo and the stone industry. Even though our company has grown quite a bit over the last 10, 15 years, we still have a family culture here. And I think the ESOP helps us do that. An ESOP is an employee stock ownership plan, which is a qualified plan, similar to 401(k) plans. However, unlike 401(k) plans, ESOPs are permitted to borrow, which enable them to be used as an ownership transition vehicle. I wanted to pursue the job with Terrazzo and Marble Supply Companies because it was an ESOP company. We definitely have ingrained a culture of ownership. Initially it was our former owner’s desire to have the company, at one point in time, be 100% employee owned. So we started that process with initial transaction in 1996, when we became 30%. And then we transitioned into 49%, until ultimately, in 2016, we became 100% employee owned. The ESOP Advisor Group at J.P. Morgan works with our clients and prospects, helping them understand what an ESOP is, how leveraged ESOP works, and quite frankly, running through financing feasibilities to understand how this might work for the company. Hi Regina, how are you doing? Good, how are you? We were brought into Terrazzo Marble through the banker, Laura Burkhead, to help them evaluate taking their ESOP, which at that time was 49%, to 100% ESOP ownership. We first met Terrazzo and Marble Supply when they were looking for a new banking partner to meet their growing needs. J.P. Morgan is a very big bank, so we were concerned that we were going to be a small fish in a big pond. But very early on in the process, we felt very comfortable with them. They were very accommodating, they knew what our needs were, and they’re very well known in the ESOP community, that you know you’re in good hands, and you trust them very well. It was a very good fit for us. Our job was to work with them on a feasibility study, and we looked at the implications of a transaction on the selling shareholders, on the company, and on the employees. And we were able to develop a very customized solution, that met their key goals and objectives. That enabled us to be able to close on this transaction in under four weeks. They did a tremendous job, and helped us at holding our hand through that process. I really enjoyed working with Terrazzo Marble. They truly understood the benefits of this ownership structure to their employees, and to the company. They have a very talented group of people, um, that are very open and transparent with the bank, and that makes for a very meaningful relationship. The feedback on being 100% employee owned has been overwhelmingly positive. Having the ability to share the success of the company with our employees, both emotionally and financially, has a monumental impact on how hard our employees work, and how serious that they take their jobs and their roles. They see themselves investing, not only in the company, but in their own future. ESOP brings us all together as fellow owners. Everyone takes that pride, and they know that we’re all in this together, and they wanna make sure they make themselves proud, and the company proud as well.