WASHINGTON, D.C AND PITTSBURGH, PA. (September 9, 2007) -
FOCUS, a national middle market investment banking firm providing merger, acquisition
and corporate finance services, which is a member of the Business Growth Alliance,
LLC (www.bgallc.net), announces Fred Rock has joined FOCUS as a Managing Director
in Pittsburgh, PA. Mr. Rock has more than three decades of M&A and business
advisory experience with a concentration in the manufacturing, energy, franchising
and distribution industries.
“We are delighted with Fred’s decision to join our firm as he brings
years of experience in many different industries to FOCUS. In addition, as Managing
Director in Pittsburgh, PA, Fred expands our geographic reach, a continuing
goal of FOCUS,” said Douglas Rodgers, Chief Executive Officer of FOCUS.
Prior to joining FOCUS, Mr. Rock was a Managing Director of Source Growth Capital,
LLC, an affiliate of Source Companies, LLC (Source), a growth advisory and investment
banking firm, which is also a member of the Business Growth Alliance, LLC (BGA).
While with Source, Mr. Rock served clients as their strategic business advisor
and investment banker, advising clients on matters relating to strategic and
operations planning, including evaluating, financing and structuring new or
growing business ventures, as well as executing acquisitions and sales of businesses.
Mr. Rock’s transition from Source to FOCUS is a part of the planned expansion
of each company as part of BGA’s ongoing national expansion and professional
team realignments, which are designed to better service various segments of
the middle market. “The transition of Fred Rock from Source to Focus underscores
both the growth and success of BGA and, also, the collaboration among BGA firms
to deliver effectively aligned teams to provide support for middle market companies”,
said James Bly, the Co-Chairman of BGA and CEO of Source.
Prior to affiliating with Source, Mr. Rock was a Shareholder with Alpern Rosenthal
in Pittsburgh, Pennsylvania, the largest independent accounting firm in Western
Pennsylvania. Mr. Rock also served as a member of the executive committee of
the firm and was the director of the firm's manufacturing services, and merger
and acquisitions services groups.
During his 15 year tenure there, he helped build the firm from 40 to 170 people.
Prior to 1989, Mr. Rock was a partner of Touche Ross (now Deloitte & Touche),
a national CPA firm, where he directed its Pittsburgh Office's Privately Held
Business Group and was a national service director for mergers and acquisitions,
and a member of its National Enterprise Board.
Mr. Rock has a BS in Accounting from Syracuse University and he has completed
the Wharton School of Business, University of Pennsylvania, Advanced Management
Training curriculum. Mr. Rock is a Certified Public Accountant (CPA) and is
a member of the Pennsylvania Institute of Certified Public Accountants and the
American Institute of Certified Public Accountants, where has served on the
National Small Business Advisory Committee. Mr. Rock also serves on the board
of directors of several charitable and civic organizations and was an advisor
to the U.S. Senate Coal Caucus. He resides in Pittsburgh, Pennsylvania.
About Business Growth Alliance, LLC
Business Growth Alliance, LLC (BGA) (www.bgallc.net)
believes that family-owned and middle market businesses are materially important
contributors to the betterment of regional economies and the social fabric within
communities. BGA has carefully selected and organized a National Affiliate Network
of seasoned, professional services firms, which are dedicated to providing growth
advisory and investment banking services to middle market and family-owned companies
and their principals. In addition to their core growth advisory and investment
banking services, BGA Member Firms collaborate to address the Three Cornerstones
that are needed by most successful middle market companies: Growing Business
Value, Managing Capital and Liquidity, and Perfecting Governance and Control.
The ten current Affiliate Members of BGA include: de Visscher & Co., Source
Companies, LLC, FOCUS, yet2.com, The Pursuit Group, Tenzing Consulting, Alliance
Cost Containment, Value Defined Middle Market, LLC, Asher Training, and US China
Business Solutions Inc.
About FOCUS, LLC
FOCUS, LLC provides a range of middle market investment banking services across
the U.S. with an emphasis on mergers, acquisitions, divestitures and corporate
finance. FOCUS is headquartered in Washington, D.C. with regional offices in
Atlanta, Chicago and San Francisco. FOCUS specializes in business units with
transactions or revenues in the $5-300 million range, serving entrepreneurs,
corporate owners and various types of investors across a broad range of industries,
throughout the US and worldwide. FOCUS bankers are seasoned operating and financial
executives with extensive transaction experience. Securities transactions are
conducted by affiliated FINRA broker dealer, Wm H. Murphy Co. For more information
on FOCUS, visit www.focusenterprises.com.
About Source Companies, LLC
Source Companies LLC (Source) is a leading multi-disciplinary professional
practice that provides services related to the strategic growth, capital formation,
owner liquidity, and business transition needs of larger privately owned businesses
and their controlling owners. Source specializes in providing such services
to family-owned and other closely held, medium sized businesses. Source, which
is headquartered in Sewickley, PA, has regional offices in Allentown, PA; Cincinnati,
OH; New York, NY; Toledo, OH; and Washington, DC. For more information on Source,
visit www.sourcecos.com. Source is a
founding member of Business Growth Alliance, LLC.
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