BDO Capital Advises Excel Construction of Florida on the sale to a newly formed ESOP

Atlanta, GA – May 20,2025 – BDO Capital Advisors, LLC (BDO Capital) is pleased to announce that Excel Construction of Florida Inc. (Excel) has sold 100 percent of its stock to the newly formed Excel Construction of Florida Employee Stock Ownership Plan (ESOP). BDO Capital served as the exclusive financial advisor to the company on this transaction which included raising capital to partially finance the ESOP purchase. This deal further demonstrates BDO Capital’s commitment to supporting owner-led enterprises within the construction industry. Jacob Cook, Director and Hayden Smith, Senior Associate led the client engagement for BDO Capital.

Excel is a commercial general contractor based in Davie, Florida, specializing in industrial, Class A office, manufacturing, distribution, and retail construction projects across Florida. Known for its relationship-driven approach and commitment to delivering high-quality buildings and interior buildouts, the company has completed over 1,400 projects totaling more than 2.8 million square feet.

Phenix Specialty Films logo.

We are incredibly grateful to the team at BDO Capital for their outstanding guidance and support throughout our ESOP transaction. This was a major milestone for our company, and having the right advisors made all the difference. BDO took what seemed like an impossible task to a very simple streamlined process. From our first conversation to the final closing they brought a deep understanding of the ESOP process, provided clear and practical advice, and helped us navigate each step with confidence. Their professionalism, responsiveness, and commitment to getting it right ensured we achieved a structure that aligns with our long-term vision and values.

BDO Capital’s leadership throughout this process helped set the foundation for the next chapter of our company’s growth, and for that, we are sincerely thankful.

Eric Wolf
CEO of Excel Construction of Florida, Inc.