Michael S. Greengard
Michael S. Greengard, president of Praxis Business Brokers, has been involved full time in business brokerage since 2005. He has consistently been a top dealmaker with scores of completed transactions to his credit. Mr. Greengard has sold mid-market and main street businesses along with both large and small franchise resales. He has successfully represented business sellers from California to New York and has succeeded with both domestic and international buyers. As testament to Mr. Greengard’s superior skills, both buyers and sellers remain active with him after transactions are closed either looking to him for new opportunities and/or referring both potential sellers and interested buyers. Mr. Greengard’s completed transactions cover a broad range of industries including manufacturing, distribution, service, retail, and e-commerce.
Prior to entering business brokerage, Mr. Greengard spent 25 years in industry. He was actively involved as a partner or 100% owner in a number of mid-market manufacturers. Mr. Greengard’s penchant for business transactions surfaced during his time in industry in which he bought and sold seven different businesses for his own account or for syndicates for which he was the managing partner. With decades of experience in operating businesses, Mr. Greengard brings a rare understanding of and sensitivity for business owners as they address transitioning their businesses to new ownership.
Mr. Greengard has a B.S. from Yale University and a M.B.A. from Columbia University. He and his wife Lori are 33 year residents of Ada Township, Michigan where they live with their three rescue dogs.
Glen Toadvine has successfully represented business sellers since early 2000, having completed many transactions stretching across a variety of industries. His solid business knowledge coupled with his nearly three decades of industry experience and his ability to research any industry to determine price points and price trends in the marketplace enhance his many strengths as a business broker. Negotiations and facilitation of timely deal closings are additional attributes.
Mr. Toadvine takes pride in both his interest and his ability to gain solid knowledge of the businesses and business owners that he represents. Mr. Toadvine has the capability to locate the “right buyer” which he defines as ‘having the skill sets and resources to pay the best price for the business while offering the optimal chance for its future growth and success’.
Prior to his business brokerage career, Mr. Toadvine was in senior management roles for over 25 years in a number of industries throughout the Eastern United State and abroad. He was fortunate to have had industry experience in start-ups, turn-arounds, and buy side and sell side mergers and acquisitions. His broad background and deal experience provide the platform to develop and implement powerful marketing packages for his clients.
With a degree in Business Administration, Mr. Toadvine is currently the President of the Michigan Business Brokers Association Metro Chapter. As a former business owner, Mr. Toadvine has the background and business strengths to create a vision, sell ideas and facilitate a seamless change for his clients. He lives in Southeast Michigan with his wife, Sandy. They are now empty-nesters having enjoyed raising two sons.
Steve Kandt has assisted numerous business owners in successfully valuing and selling their companies during his seven years as a business broker. His closed deals have ranged from manufacturing firms to wholesale and distribution companies to retail businesses and franchise resales to everything in-between. Mr. Kandt also has extensive experience selling B2B and B2C service companies with specialties in information technology and business software.
Prior to entering the business brokerage world, Mr. Kandt founded a computer software development and consulting services company featuring enterprise work force management and scheduling software. The company’s clients consisted of Fortune 1000 companies and large financial service businesses. At its peak, the company had annual sales exceeding $6 million. Mr. Kandt held many positions during his 22 years with the company, including President/CEO and Director of Professional Services while often functioning as de facto Controller. Mr. Kandt acquired experience in business valuations, and mergers and acquisitions during his tenure as he oversaw the acquisition of two complementary businesses and the eventual sale of the entire company.
When Mr. Kandt entered the business brokerage profession, he quickly realized that he had previously experienced virtually every problem a business owner encounters in starting, building, and managing a business. His lengthy industry tenure has provided him with the tools to advise business sellers on a variety of issues as businesses are prepared for sale including managing timing and costs, and relationships with customers, banks, vendors and lawyers. His approach to negotiation is to find areas of agreement between buyer and seller and build upon them to reach a beneficial arrangement for all stakeholders.
Mr. Kandt holds a BS in Systems Engineering from Michigan State University, East Lansing, MI.
Prior to joining Praxis, Mr. Hekler spent more than 25 years in various positions in the automotive industry. He began his career at General Motors as a line manufacturing supervisor, progressing to a general supervision post. This was followed by stints with the Problem Analysis Engineering Team, and later to GM Medical as part of the team charged with reducing repetitive motion injuries associated with regular use of assembly power tools.
The high visibility from that GM assignment resulted in Mr. Hekler being recruited by a Swedish Multi-National manufacturer of ergonomic power tools. Mr. Hekler cycled through various sales and marketing positions with this company including the Sales Team Leader for GM North America, East Coast Zone Manager and then Business Development Manager for all Tier 1 Manufacturing Suppliers to the Automotive Industry.
After decades of corporate life, Mr. Hekler experienced a yearning to own his own business. This resulted in his first involvement with Praxis Business Brokers as a potential business buyer. Mr. Hekler found and purchased his first business through Praxis. After the successful purchase and an equally successful two year run, Praxis again helped him – this time to sell the business in a smooth transaction with an attractive capital gains profit on the sale.
It was then on to a successful stint in a retail rental business which Mr. Hekler subsequently sold in another smooth and profitable deal. Now, after two successful purchases and sales of his own businesses, Mr. Hekler has elected to take his vast big company and small business experience to the intermediary arena, helping Praxis clients sell and buy businesses.
Mr. Hekler and his wife are empty-nesters dividing their time between a working farm in the Lansing (MI) area and a second home near the Lake Michigan sand dunes..