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| Mergers and Acquisitions Master Intermediary | |||
| 08/06/2008 | |||
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Benjamin Ross Group Founder Earns Exclusive Designation Michael Lefkowitz is a “Merger & Acquisition Master Intermediary”- One of Three in Pa. Southampton, PA (July 2008) – Michael Lefkowitz, founder of the Benjamin Ross Group, (www.BenjaminRossGroup.com) a mergers and acquisition firm has received the prestigious “Merger & Acquisition Master Intermediary” designation from M & A Source, a division of the International Business Brokers Association. Only 68 people in the world and three in Pennsylvania hold this prestigious designation. “I am truly honored to have achieved this special status,” said Lefkowitz. “Helping clients successfully buy and sell businesses requires specific expertise and knowledge. “This designation assures my clients and potential clients that I have the knowledge and experience to best serve their needs in acquisitions as a business broker.”. “The requirements were rigorous but well worth the time and effort it took to meet the group’s high standards,” he added. To qualify for the M&AMI designation, Lefkowitz had to: • meet the requirements to earn a Certified Business Intermediary designation: • successfully complete educational courses in the fields of accounting, law, ethics, and negotiations by the M&A Source / IBBA courses; • attend and participate in M&A Conference and Deal Mart Expos over a three-year period. • successfully complete multiple merger and acquisition transactions with a total value of at least $1 million. In addition, Lefkowitz will be required to participate in continuing professional development activities to maintain the designation. A graduate from the University of Science in Philadelphia (formerly Philadelphia College of Pharmacy and Science), Lefkowitz has been an adjunct professor of business management at Temple University and the University of the Sciences. He also is a member of The Institute of Business Appraisers; the Pennsylvania Business Brokers Association; Vistage International, the world’s largest CEO organization; the Golden Slipper Club, a charitable group that sponsors a camp for underprivileged children; and various local Chambers of Commerce. The M&AMI designation signifies an individual who is highly trained and educated in the business of mergers and acquisitions, according to Pat Appelhans, president of IBBA. “It signifies to buyers and sellers that they will be working with someone who meets the highest professional and ethical standards, he said. About the Benjamin Ross Group: With offices in Southampton (Bucks County), Pa. Radnor (Delaware County), Pa. and Princeton, NJ, The Benjamin Ross Group is the most experienced, professional and exclusive business sales, mergers and acquisitions firm in the Mid-Atlantic Region. The company represents well-managed businesses, regardless of their size. It provides a full range of services relating to buying, selling or merging businesses; business financing and valuation; and exit planning. For more information, go to: www.BenjaminRossGroup.com. About IBBA: Formed in 1983, the International Business Brokers Association is the largest international non-profit association operating exclusively for the benefit of people and firms engaged in the various aspects of a business brokerage and mergers and acquisitions. Today, the IBBA has more than 1,900 cooperative business brokers and intermediaries across Canada, Mexico, Asia, Europe, Australia, New Zealand and the United States. M&A Source is a division of IBBA and has more than 1,900 members who specialize in mergers and acquisitions for mid-sized businesses. For more information, go to: www.ibba.org -30- |
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| Bucks County Courier Times Article | |||
| 08/06/2008 | |||
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By CRISSA SHOEMAKER DEBREE Bucks County Courier Times For 15 years, Carol Magner owned and operated a successful clothing store in Middletown. But when she got married six years ago, she decided to sell the business to spend more time with her husband, a physician who now owns an acupuncture practice. In selling her company, Magner, 62, joined the millions of baby boomer entrepreneurs who are expected to sell their businesses over the next decade. Boomers — the oldest turn 62 this year — own an estimated 12 million businesses nationwide that are worth a combined $10 trillion. Over the next 15 years, eight million businesses are expected to sell — twice as many as have sold in each of the past 15 years, studies show. “It's going to be the biggest transfer of wealth in the history of the United States,” said Michael Lefkowitz. He's a founding member of the Benjamin Ross Group, an Upper Southampton mergers and acquisitions firm, and author of the upcoming book, “Where is the Exit?” Lefkowitz said boomers also are selling their businesses earlier than previous generations did. “Years ago, people held on to their businesses longer,” he said. “Now, baby boomers want to enjoy their retirement. They're selling their business earlier, rather than holding onto it until their 70s or 80s. Their largest nest egg is usually their business.” Andre Lessard owned a $2 million-a-year retail floor covering and window treatment business in New Jersey for 15 years before selling it and retiring two years ago. About 50 percent of his retirement plan was wrapped up in the business, he said. “I'm a relatively intense person,” Lessard, 58, said from Florida, where he now lives part time. “I was extremely intense the entire time I operated my business. I'm thoroughly enjoying going back into what was my regular self, before I immersed myself totally in the world of work.” Business owners should start planning to exit their businesses at least five years before they plan to retire, brokers said. “You should know your exit strategy when you open your business,” Rosner said. “It can really drive how you grow your business and make decisions at an appropriate time. The reality is, most people don't do that.” Some business buyers will come from the same generation as retiring business owners — boomers who leave the corporate world to live their lifelong dreams of owning a business. Magner, of Lower Makefield, sold her business two years ago through the Benjamin Ross Group. Today, she works with her husband, Alan, in his acupuncture office in Middletown. “I guess we retired out of our really stressful jobs,” Magner said. “His job as a full-time physician was very demanding, and having the retail store was really demanding. Both of us were under a lot of stress. We decided to change our lives. Life is short; we just don't know how short. So we decided to go for it. We both had worked very hard our whole lives. We wanted something more.” Crissa Shoemaker DeBree can be reached at 215-949-4192 or cshoemaker@phillyBurbs.com. April 7, 2008 7:08 AM |
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| Assouline & Ting | |||
| 05/23/2008 | |||
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Benjamin Ross Group, LLC is pleased to announce that Assouline & Ting has been acquired by Roth Specialty Foods, Inc. Philadelphia, PA January 21,2008 Benjamin Ross Group, LLC. announced today that Assouline & Ting has been acquired by Roth Specialty Foods, Inc. Terms of the transaction were undisclosed. Assouline & Ting, headquartered in Philadelphia, is a specialty food distribution company that supplies the finest restaurants, country clubs, casinos, and other establishments. The company was founded in 1981 and was created to serve the Tri-state area “white table cloth restaurants” with a full line of specialty imported and domestic gourmet foods. Assouline & Ting has become a Philadelphia Institution with a reputation for excellence. The list of long-standing customers span the range of the finest 4 star privately owned restaurants as well as the high-end caterers and prestigious hotels and casinos in the Tri-State Area. Assouline & Ting has been credited with a role in the revival of the restaurants scene in the Philadelphia area. The company also has a retail location, Cavier Assouline, located at the Shops at Liberty Place, 17th & Chestnut Streets in Philadelphia, where consumers can purchase and enjoy their delectable gourmet foods. In 1999 Roth Specialty Foods Corp. began supplying country clubs, caterers, hotels and restaurants in the Southeast PA, South and Central NJ, and North DE areas with the finest specialty foods from all over the world. Their dedication to provide customers with the highest quality customer service and selection has been an ongoing commitment throughout the years. |
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