Lack of Experience Can Be a True Deal Killer
Most business owners are experts at running their specific businesses. They are not necessarily experts at selling businesses. This is where working with...
Chad Morissette, Founder and Managing Director of Mor-Liquidity Mergers & Acquisitions, Inc. is delighted to announce that veteran Ottawa Marketing Firm CEO Steve Klein has joined Mor-Liquidity as a Senior Associate, effective immediately.
“Steve adds significantly to our capabilities and ability to deliver outstanding service to our owner-managed clients,” said Morissette. “There are a lot of owners of mid-sized companies looking for a savvy coach and a proven process to sell their shares and exit their businesses. With our newly expanded team of 10 professionals, Mor-Liquidity is now in an ideal position to help owners find the perfect buyer and maximize the after-tax proceeds from the sale,” he added.
Steve brings more than three decades of experience to Mor-Liquidity, especially in starting, growing and selling companies. He has started, grown and sold two of his own: Packaging Connections and Marketing Breakthroughs.
While CEO of Marketing Breakthroughs, he coached well over 100 owner-managed clients, including some of Ottawa’s best known family-owned businesses. He is well known throughout the City for his highly creative, multi-channel radio, TV, digital and direct mail advertising campaigns on behalf of Holmes Heating (2004 – 2013), Greely Sand & Gravel (2011 – 2019) and Preston Hardware (2007 – 2019).
During his executive career prior to 1990, Steve served as Chief Corporate Planning and Development Officer for Lawson & Jones, Lawson Mardon Group, Molson’s Ontario Breweries and Innopac. While at Lawson & Jones, he was one of five executives who engineered the $559 million leveraged buyouts of Lawson and its parent Mardon Packaging International. Within six months after the buyout, Steve sold 10 of Lawson’s non-core companies and divisions, including NER Data, Boyertown Packaging, Mardon Packaging US and Michigan Litho, for nearly $100 million.
He holds B.Comm. and MBA degrees from Queen’s University.
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