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Successfully Bringing Together Business Owners And Business Buyers
More than 300 Michigan businesses sold in the past 15 years resulting in $1,000,000,000 of transaction value to Praxis business owner clients
Praxis Business Brokers typically represents business owners whose entities generate revenues from $250,000 to $20 million. Praxis handles transactions in a broad range of industries including manufacturing, distribution, services, retail, e-commerce, franchise resales, and others.
Praxis works with and educates prospective buyers on the cost and availability of appropriate businesses and regularly engages in strategic searches for qualified buyers. Regardless of whom we represent or what we are selling, Praxis brokers make confidentiality a top priority. With over 100 successfully completed transactions to our credit, we have not had a single breach of confidentiality, a record for which we are very proud.
Our name 'Praxis' was selected because of the history our brokers have with respect to bringing buyers and sellers to the closing table. The dictionary definition of 'Praxis' is indeed appropriate: the practice, as distinguished from theory, of applying knowledge and skills. When sellers and buyers want to 'get it done,' Praxis Business Brokers is a great partner to have.
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. Mike 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 Mike’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. Mike’s completed transactions cover a broad range of industries including manufacturing, distribution, service, retail, and e-commerce.
Prior to entering business brokerage, Mike spent 25 years in industry. He was actively involved as a partner or 100% owner in a number of mid-market manufacturers. Mike’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, Mike brings a rare understanding of and sensitivity for business owners as they address transitioning their businesses to new ownership.
Mike 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.
Glen takes pride in both his interest and his ability to gain solid knowledge of the businesses and business owners that he represents. Glen 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, Glen 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, Glen is currently the President of the Michigan Business Brokers Association Metro Chapter. As a former business owner, Glen 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 fourteen 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. Steve 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, Steve 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. Steve 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. Steve 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 Steve 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.
Steve holds a BS in Systems Engineering from Michigan State University, East Lansing, MI. Please visit Steve's professional website, https://www.stevekandt.com