The merger of The Pacific Group with Pass the Baton combines the strengths and skills of our two companies in a single entity that can be a powerful and effective force in the multi-billion-dollar national market for buying and selling SMBs.
Costa Mesa, CA (PRWEB) January 6, 2011
Pass the Baton, a specialist owner-to-employee business transition consulting firm based here, has announced a merger of its operations with The Pacific Group, a business advisory services and strategic consulting firm based in Corona del Mar, Calif. The combined entity will continue to operate as Pass the Baton and will target companies with revenues between $500,000 and $25 million.
Conceived and led by founder and president Steve Healis, Pass the Baton has helped clients execute a unique method of small business ownership transition designed to mutually benefit both company owners and key employees. The transition of a company to a “Baton Partnership” provides the owner with a significant income for a very long term, the buying employee with a rare opportunity for entry into business ownership at a reduced cost, and other employees with job protection and a seamless experience through the ownership transition.
The Pacific Group, led by Mike Stockwell, has provided small-to-medium-sized businesses (SMBs) in Hawaii and California with services that included strategic business consulting and coaching, professional merger and acquisition advising, and business brokerage.
“This merger of The Pacific Group with Pass the Baton combines the strengths and skills of our two companies in a single entity that can be a powerful and effective force in the multi-billion-dollar national market for buying and selling SMBs,” said Healis. “Pass the Baton is expanding its expertise beyond implementing exit strategies by adding strategic consulting, and this partnership supports that move.”
Added Stockwell: “We are the only firm bringing a true end-to-end solution to the SMB market sector. The merged entity makes great sense because we use our combined experience in creating, building and selling businesses. Pass the Baton will help our business owner clients quickly build upon the value they’ve already created in their businesses, and then capture that added value.”
Healis, 51, a serial entrepreneur who has founded and sold numerous companies during his career, established Pass the Baton in 2009. Healis has worked for large corporations such as Procter & Gamble, Frito-Lay and Technicolor and has run small and mid-sized companies. He holds a degree in industrial engineering from Cal Poly Pomona.
Stockwell, 57, has more than 30 years of experience in management, sales, marketing, service, operations and human resources. He has held senior executive leadership positions in companies of all sizes, including Wells Fargo, Marsh & McLennan and Mercer Human Resource Consulting. His expertise includes helping clients with practical strategy development and implementation, augmenting value, business turnaround, and leading/facilitating change management. He holds a bachelor’s degree in psychology and master’s degree in business management from the University of California, Irvine.
Pass the Baton has re-located from Newport Beach to a suite of offices at 2915 Red Hill C-108, Costa Mesa.
Phone: (714) 545-2025; Web: http://www.passthebaton.com; Email: info(at)passthebaton(dot)com.
Rodheim Marketing Group
# # #