Brooks has had record growth in sales and profits for the past five years.
Seattle, WA (PRWEB) September 24, 2007
Chuck Gottschalk, Managing Partner of Tatum LLC's Seattle office and President of the Association for Corporate Growth - Seattle noted that the 2007 Northwest Growth Financing Conference sold out as did the inaugural conference in 2006. The programs explored the many financing options available to "middle market" companies in the Northwest.
Mr. Gottschalk added, "it is the only event of its kind in the Northwest and as a result drew 70 private equity firms with over $75 billion of capital under management. Clearly they are very interested in investing in Northwest companies."
James M. Weber, President and CEO of Brooks Sports, Inc. in Bothell (a wholly owned subsidiary of Berkshire Hathaway), gave the keynote address describing in detail how the company transformed itself to very successfully compete in an industry dominated by the mega-brands Nike and Adidas. Weber commented, "Brooks has had record growth in sales and profits for the past five years."
Franz von Bradsky, Chairman of the Northwest Growth Financing Conference attributed the sellout of conference to a number of factors:
1. The great uncertainty facing the credit markets brought on by the collapse of several hedge funds and sub-prime lenders which has led to the scuttling in recent weeks of several high profile LBO's and possibly even the KKR initial public offering.
2. It is a conference devoted solely to the financing of "middle market" companies in the Northwest. In addition, there has been a dramatic Increase on the part of private equity firms and mezzanine funds in identifying mundane prosaic "middle market" companies in the Northwest and the conference offers a unique opportunity.
ACG is the leading authority on corporate growth in the United States. Its President regularly quoted by the business media on topics related to corporate growth. ACG was founded in 1954 as a forum for corporate leaders and other professionals to exchange ideas and address pertinent issues related to both internal and external corporate growth. Its mission is to foster and facilitate sound corporate growth - high quality and rising earnings as well as increased shareholder value.