Hear more about the latest deal announcements, news,
IN THE NEWS
Footprint Capital Advises Stephens Direct in Financing in Conjunction with an ESOP Formation and Transition to Stephens+
Footprint Capital Advises Stephens Direct in Financing in Conjunction with an ESOP Formation and Transition to Stephens+
Columbus, Ohio, June 12th, 2026 – Stephens Direct (“Stephens”) has secured senior debt in conjunction with the formation of an ESOP. Following the transaction, the firm is now operating as Stephens+ (“Stephens+”), reflecting its evolution as an employee-owned creative marketing and communications firm. Footprint Capital, LLC, (“Footprint”) acted as the exclusive debt advisor in the transaction.
Founded in 1981, Stephens+ is a full-service creative marketing, branding, communications, and production agency serving clients across a diverse range of industries. As an employee-owned company, Stephens+ is uniquely positioned to build upon its collaborative culture while continuing to deliver innovative marketing solutions and exceptional client service.
The Company also worked to optimize capabilities to build upon the strategy, creative, and environmental design core offerings. The addition of performance media, creator, and enhanced experiential services allows the firm to offer a comprehensive suite of services to a broad range of clients.
Phil Stephens, President & CEO of Stephens+ commented, "Footprint Capital took the time to understand what mattered most to me, protecting my employees and preserving what we've built. They guided us to an ESOP structure that let me reward the people who helped build this company while securing my family's future. I couldn't have asked for a better partner in this transition."
Justin Stemple of Warner, Norcross, & Judd served as Stephens’ primary legal counsel during the transaction. Joe Borowski of GBQ advised on the formation of the ESOP and valuation.
Read the full Stephens press release here.
ABOUT FOOTPRINT CAPITAL
Footprint Capital is a middle market investment bank with locations in Columbus, Ohio and Pittsburgh, Pennsylvania focused on advising owners and operators of privately held companies in the middle market. Footprint Capital’s services include sell-side and buy-side merger and acquisition advisory, private equity and family office deal origination services, ownership transition planning, debt advisory, and strategic management consulting. For more information, visit: www.footprintcapital.com.