BDO Capital Advises Karish Industries on the sale to a newly formed ESOP

Austin, TX – June 30, 2023 – BDO Capital Advisors, LLC (BDO Capital) is pleased to announce the sale of Karish Industries (Karish or the Company) to an Employee Stock Ownership Plan. BDO Capital served as exclusive financial advisor to Karish on this transaction, which builds on the firm’s robust ESOP Advisory Experience. Directors Scott Leach and Maria Thiel led the client engagement for BDO Capital. Lynch, Cox, Gilman & Goodman, PSC served as corporate counsel to the Company in the transaction.

Founded in 1993 and headquartered in Buena Park, CA, Karish is a distributor that mainly serves the street lighting, traffic and fiber optic cable markets. The Company has organically developed a strong, loyal customer base due to its product knowledge, timely delivery, fair pricing, and outstanding customer service. Karish primarily works with customers in California and has relationships with vendors across numerous product lines throughout the Unites States, enabling excellent service and pricing.