Atlanta, GA – May 25, 2023 – BDO Capital Advisors, LLC (BDO Capital) is pleased to announce that TETER, Inc. (TETER, or the Company), an industry-leading provider of architecture and engineering services to both the public and private markets has sold 100 percent of the stock to the newly formed TETER, Inc. Employee Stock Ownership Plan (ESOP). BDO Capital served as exclusive financial advisor to TETER on this transaction, which included raising capital from a senior lender. This builds on BDO Capital’s experience working with founder-owned companies in the architecture, engineering, and construction sectors.
The sale to an ESOP will allow TETER to continue its 40+ year legacy of shared ownership and commitment to excellence in the Central Valley of California. Founder and CEO Glen Teter along with the current management team will lead the company.
TETER is proud of the true collaboration of its architects and engineers under one roof. This rare business model creates a seamless and more efficient design process for clients. TETER’s ability to build long-lasting relationships with its clients creates a consistent pipeline of repeat business and a reputation of success that bolsters business development efforts. With a well-established and respected company culture, the newly formed ESOP can further strengthen the company’s ability to retain existing talent and recruit new talent long into the future.
About TETER, Inc.
TETER is headquartered in Fresno, California with four other satellite offices throughout the Central Valley. TETER has a diversified service offering including both public and private sector clients across a multitude of industry verticals. TETER earned Zweig Best Firms ranking in 2021 and 2022 along with a number of other local and national awards. For more information, please visit TETER's website.
