3 ways to improve family business succession and benefit the wider economy
Family businesses are a powerful economic driver but only a third last a generation beyond founding. Here's how they can improve the process of succession.
Andrew is Founder, Managing Partner and CEO of Brightstar Capital Partners. He currently serves as the Board Chair of Likewize (f/k/a Brightstar Corp.) and QualTek. He serves on the boards of XLerate, Gateway Dealer Network, Global Resale, Texas Water Supply Company, and ERC, all Brightstar portfolio companies. Prior to Brightstar, Andrew was a Partner at Lindsay Goldberg, a New York-based private equity firm, with extensive experience working on numerous large transactions. In addition, from 2008-2011 Andrew served as Chief Operating Officer and Chief Strategy Officer of Likewize (f/k/a Brightstar Corp.), a $10 billion global leader in mobility services including distribution, handset protection insurance, reverse logistics, buyback and leasing solutions spanning more than 100 countries and serving many of the major OEMs, carriers and retailers. Andrew served on the Boards of 13 portfolio companies during his tenure at Lindsay Goldberg. Prior to joining Lindsay Goldberg in 2003, Andrew worked at Goldman Sachs in their Principal Investment Area (PIA). Andrew started his career at Morgan Stanley in mergers and acquisitions and leveraged finance. He received his MBA from Stanford GSB and an AB from Dartmouth College with a double major in History and Economics. He serves on the boards of CTIA, an organization representing the U.S. wireless industry, and The National Board of Review of Motion Pictures. Andrew is a member of the Young Presidents Organization (YPO). He is also a member of the World Economic Forum where he serves on the Global Future Council on Investing and the Stewardship Board of the Forum’s Platform on Shaping the Future of Investing.
Family businesses are a powerful economic driver but only a third last a generation beyond founding. Here's how they can improve the process of succession.
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