The Collingwood Group Continues its Commitment to Support Diverse Supplier Companies and Other Small Businesses
Washington, D.C. (PRWEB) July 26, 2012
The Collingwood Group is pleased to announce that it has launched Collingwood Asset Management, LLC to provide diverse suppliers and other small businesses with access to operating and growth capital, shared business infrastructure services and strategic business development services.
Collingwood Asset Management’s focus will be identifying diverse suppliers and other small businesses that historically have not had access to capital on reasonable terms and/or lacked the counter-party quality required to scale effectively against large business opportunities. Collingwood’s goals are to help these companies overcome those barriers, grow their businesses and increase overall profitability.
“Incubating diverse and other small businesses has been a key component of The Collingwood Group’s business since it was launched in 2009. Our experience since then, as well as my prior experience as FHA Commissioner, affirms that for diverse and small businesses to have meaningful opportunities at success those businesses must have access to capital at reasonable costs,” said Brian Montgomery, Chairman of The Collingwood Group.
And, while access to capital is absolutely essential for diverse and small businesses to succeed, Montgomery added, “it must be coupled with a dedicated focus on improving overall business operations, enhancing counter-party strength and driving revenue growth, all of which together substantially increase the likelihood of success.”
Brian O’Reilly, President of The Collingwood Group, added: “the importance today of large businesses having access to qualified and scalable diverse and other small businesses as sub-contractors and teaming partners is especially acute in the financial services industry as a result of the mandates of the Housing and Economic Recovery Act of 2008 and Dodd Frank. We launched this business after seeing first hand the challenges experienced by businesses large and small meeting the requirements of these important statutes.”
Procurement departments in large financial services firms don’t always speak the language of diverse and other small firms, and likewise, diverse and small firms frequently don’t meet the onerous counter-party requirements of large financial services firms. A procurement officer from one large financial services firm added, “Collingwood Asset Management is squarely aimed at solving these problems by acting as a trusted business intermediary – helping make diverse and small businesses better and stronger business partners – and also helping make those diverse and small firms known to firms like ours thus helping us meet our regulatory obligations around the utilization of diverse suppliers and small businesses.”
The firm, which is owned by members and management of The Collingwood Group, has opened offices in Washington DC and New York.
About Collingwood Asset Management
Collingwood Asset Management, LLC (http://www.collingwoodassetmanagement.com) helps build diverse and other small businesses by providing such firms a combination of access to operating and growth capital on competitive terms, shared business infrastructure services and strategic business development services aimed at identifying and closing meaningful business opportunities and driving profit growth.
About The Collingwood Group
The Collingwood Group (http://www.collingwoodllc.com) is a Washington, DC-based business advisory firm focused on growing clients’ businesses, promoting revenue growth and increasing investment returns. The firm is led by Brian Montgomery, former Assistant Secretary for Housing and Federal Housing Commissioner as well as other business leaders from the financial services industry.
Since its founding, The Collingwood Group has actively supported and incubated best-in-class diverse supplier businesses and has a practice area dedicated to assisting larger companies develop and implement diverse supplier utilization plans, and holds principal interests in several small, diverse businesses.
The Collingwood Group, LLC