About The Impact Group
Since 2001, The Impact Group has provided a full range of business brokerages to business owners and buyers. Our company has completed transactions for manufacturing, business services, retail, distribution, health services, and technology companies.
The Impact Group provides small and mid-market firms, those with values between $300,000 and $5,000,000, with the level of representation that previously had only been available to much larger firms. Our regional and national affiliations enable us to reach beyond a local base of buyers and sellers to achieve our clients’ objectives.
We limit the number of assignments at any given time which ensures our ability to be highly pro-active, responsive and the ability to provide a very high level of attention to our clients. An Impact Group principal attends all buyer/seller meetings. This permits us to positively influence the tenor and direction of the meetings; manage the flow of information; measure the interest level of potential acquirers; suggest enhancements for future meetings and have a thorough knowledge of what transpires. This assists us in maximizing both the value and the probability of closing the transaction.
Roy Solomon, President and CEO, has over 30 years of experience in the management and ownership of large and small companies. He has professional certifications as both Business Transfer Specialist, and Financial Recasting Consultant. Mr. Solomon, prior to his business brokerage career, had a successful career as a sales & marketing executive for several computer software companies. Most recently he was Director of Strategic & Business Planning for Nynex Mobile Communications (now Verizon). Mergers & Acquisitions was a key component of his responsibilities.
Roy Solomon is a member of the International Business Brokers Association (IBBA) and is Executive Vice President of the New York Association of Business Brokers (NYABB). He has a B.A. in economics from Queens College. He has completed post graduate work at Dartmouth College.
Ken Stein, Senior Business Intermediary has an extensive background working with owners of closely held business. As a Certified Financial Planner®, Ken has helped many owners build value and monetize the value in their business. Executive benefits, exit strategies and wealth transfer are all tools to facilitate a smooth business transition and sale for the business seller.
Mr. Stein, prior to his business brokerage career, worked in a wealth management consultant and wholesaler capacity for major commercial banks, and was a mentor and coach to financial advisors and bank advisors concerning business planning and estate planning implementations.
This expertise in front-end business planning can make a real difference in presenting a business to the market, in retaining key employees, and maximizing tax efficiencies when a business changes hands.
Ken earned his Certified Financial Planner® designation from The American College, and has a B.A. from SUNY Stony Brook in Education.
