Friday, August 24, 2007

A little History Lesson

With the initial postings out of the way I wanted to add a little bit of our history to inform you where CFA came from.

So here we go down memory lane...

In 1956 Michael M. Rothberg sold his interest in a furniture company and started Corporate Finance Associates (CFA). Based in Greenville, South Carolina, Mr. Rothberg established a consulting firm to serve the M & A needs of middle market business owners. In the late 1960s, looking for new ways to increase the number of "associates" in the firm, Mr. Rothberg articulated his philosophy of being in business for yourself rather than by yourself by adopting a franchise business model; one of the first for a consulting business. The network of associates grew and in 1969 the first international office was added. In 1972 the firm moved to Atlanta. The franchise model proved successful and in 1985 the firm continued its westward migration with a move to Denver, Colorado.
Recognizing an opportunity for bringing principals into direct contact with clients worldwide, the former franchise owners executed a management buyout of the company in 1996, creating the truly unique organization that exists today. CFA is a privately held corporation based in Los Angeles, California with offices on three continents. In 1956 few could have predicted that a single individual, with an entrepreneurial vision, was launching a company with the "right stuff" to be celebrating its 50th anniversary in 2006.

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