Atlanta, Georgia (PRWEB) July 26, 2016
Abraxas Business Services, specialists in business brokerage, mergers and acquisitions, and exit strategy and succession planning, is pleased to announce continued expansion of services in South Carolina with the opening of an Abraxas office in Greenville. Jason Premo, a Greenville executive and venture capitalist, will direct operations covering Upstate S.C. In March 2016, the firm announced a Charleston office serving the state’s Low Country, led by Kirk McMillan, a former business owner and current Vistage Chairperson.
Also, the firm continues to expand its Atlanta presence with the addition of Kenneth Hoogs, an executive with deep financial and operations background who has provided financial advisory and operational consulting to venture-capital-funded companies in a variety of industries, including manufacturing, financial technology, security, medical device, biotech, nutrition, and energy.
“According to industry research, some four million small businesses are owned by retiring baby boomers. A significant portion of these will not be transferred to the next generation, but will be sold to employees, strategic investors or individual buyers,” said C. David Chambless, president of Abraxas. “We are excited to add Kirk, Jason and Ken as Principals of the firm to meet this growing demand, and look forward to expanding our reach into S.C. where small business owners and entrepreneurs are a vital component of the state’s economic success.”
Over the past 14 years, Abraxas’s expertise and proven methodologies have guided business owners in a broad range of industries to the closing table, completing transactions valued at more $100 million.
Premo’s diverse career has encompassed a wide variety of roles ranging from design engineering to CEO to serial entrepreneur, within industries including aerospace, automotive, consumer packaged goods, defense, energy, engineering, industrial automation and software; within corporate environments consisting of new startups to mid-market firms to Fortune 500 global organizations and international work experience in 14 countries.
In 2007, Premo acquired a small commodity-oriented precision machine shop in Greenville, South Carolina and transformed into an advanced manufacturer of flight critical aerospace and defense components with multi-year contracts for customers such as Boeing Commercial Airplanes, Sikorsky Helicopters, NASA, GE Aviation, ATK-Orbital, and more. He successfully sold the company in 2014 to a private equity group and completed his exit in 2015.
Premo was appointed by Governor Nikki Haley as a Board member for the South Carolina Centers of Economic Excellence. He has served on boards for Greenville Technical College, SC Broadband, SC Aerospace Industry Council, SouthCarolinaManufacturing.com, SC BioTech Industry Association, and AidJoy nonprofit organization. Jason is also an Aspen Fellow and Liberty Fellow with the Aspen Global Leadership Institute (AGLN).
Kenneth Hoogs brings to Abraxas his mergers and acquisitions experience from a unique path in corporate structuring, advanced finance, and technology. As an advisor, owner, and operating manager, Ken brings valuable lessons in applying large corporate, Wall Street, and privately-owned company operating experience gained over a 25+ year career.
Most recently, Hoogs enhanced his deep financial background as President of Commerce Capital Services, LLC., a firm specializing in financial and operations advisory for wealthy families, investment funds, and private businesses.
From 2001 – 2014, Hoogs provided financial advisory and operational consulting to venture-capital-funded companies in a variety of industries, including manufacturing, financial technology, security, medical device, biotech, nutrition, and energy. He developed business plans, raised capital, and structured and coached teams, as well as negotiated transactions on their behalf with multi-national corporations such as Coca-Cola, Johnson Controls, NCR, and the U.S. Department of Defense.
Kirk McMillan has first-hand knowledge of the opportunities and the challenges of an entrepreneurial enterprise, having worked for 19 years in a family-owned business. After four years as Director of Development and General Manager of Twelve Baskets, Inc., he assumed the role of President and CEO of the company. He was responsible for developing and implementing the company's strategic initiatives as well as overseeing all day-to-day operations.
Under McMillan's leadership, the company's annual sales grew from $2 million to $75 million in a mature segment of the food industry. He negotiated a $15 million acquisition and maintained contracts with more than 100 vendors. The company was the acquisition target of a strategic buyer in 2012, with McMillan leading the negotiation process.
McMillan founded RiseWell LLC, a consulting and coaching firm focused on business health and success and targeted at companies with $5 million to $150 million in revenue. He served as Interim CEO for one of his clients, transitioning the international agricultural-distribution and -manufacturing business to the owning family's third generation, as well as increasing revenues from $13 million to $23 million in two years.
For more information, please contact Deborah Cox, dcox(at)abraxas(dot)biz, +1.678.640.2492, or visit our website at http://www.abraxas.biz.