Oct 5, 2022
PFM Takes Majority Share In Sexton
The Sexton Family of Companies (SFOC) is concluding a transaction that will see an ownership group led by PFM Capital Inc. (PFM) obtain a majority share position in the company. Earlier this year, the Sexton and Kusisto families determined that there was a need to establish a plan that would carry SFOC, inclusive of all operating divisions, forward and ensure continued growth and success for the company. It was determined that seeking new investors was the optimal way to accomplish this and they subsequently set forth a set of objectives that would need to be met in order to ensure the new investors were matched to the values of the company. Brian Kusisto, current chair of SFOC, will continue as a board member and Sexton Investments will retain a portion of the ownership. The transaction is subject to certain regulatory approvals and conditions and is expected to close in the fall of 2022.
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