Vistage Expands Offerings through Smart Business Network Acquisition
Vistage, recognized as the world's largest organization dedicated to CEO coaching and peer advisory, has made a significant move by acquiring Smart Business Network (SBN). This move reflects Vistage's commitment to supporting business leaders through complex transactions.
Enhancing Support for CEOs During Transactions
The acquisition of Smart Business Network adds substantial resources to Vistage, empowering its members to navigate the intricate landscape of buying, selling, and financing businesses. With over 35 years of experience, SBN has been pivotal in the business community, offering valuable insights through its publications and events such as the Smart Business Dealmakers Conference.
Expert Insights and Networking Opportunities
Sam Reese, Vistage's CEO, highlighted the value that the SBN's events and editorial content bring to business leaders. These resources foster connections during crucial phases of their business trajectories. Reese emphasized the importance of collaboration among CEOs, stating, "CEOs make better decisions when they come together." This acquisition is a crucial step towards fulfilling Vistage's goal of being the most trusted resource for leaders of small and midsize businesses.
About Smart Business Network
Since its establishment in 1989, Smart Business Network has built a reputation for facilitating connections and learning among business leaders through its engaging events and insightful content. Their Dealmakers conferences, organized across 20 U.S. markets, have become essential gatherings for middle-market executives, investors, and advisors interested in mergers, acquisitions, and capital strategies.
Long-standing Relationships in the Business Community
Fred Koury, Co-founder, President, and CEO of SBN, expressed the organization's dedication to nurturing relationships and community. He remarked on their rich history in supporting middle-market executives by providing them with the insights and strategies necessary for success. Joining forces with Vistage enhances their ability to serve these leaders even better.
Leadership Transition at Smart Business Network
As part of the acquisition, Fred Koury will guide the transition of leadership to Lee Koury, who will step into the role of Managing Director of SBN. Lee Koury commented on the existing relationship between SBN and Vistage, noting a mutual admiration for Vistage’s commitment to supporting leaders. This partnership is viewed as a strategic opportunity to reach an even broader audience of CEOs.
About Vistage
Vistage has established itself as a premier organization dedicated to aiding small and midsize business leaders. With over 65 years of expertise, Vistage provides its more than 45,000 members across 40 countries with a platform for resolving significant challenges through confidential peer groups and individualized coaching. Their focus on better decision-making leads to improved outcomes, benefiting not just the companies involved but also their families and communities. More information about Vistage is available at their website.
Frequently Asked Questions
What is Vistage's main goal with the acquisition of SBN?
Vistage aims to enhance the resources available for their members, especially during complex business transactions.
How long has Smart Business Network been operational?
Smart Business Network has been serving the business community for over 35 years.
What kind of events does Smart Business Network host?
Smart Business Network hosts Dealmakers conferences, which facilitate connections for middle-market CEOs, investors, and advisors.
Who will lead Smart Business Network after the acquisition?
Lee Koury will take on the role of Managing Director of SBN following Fred Koury's guidance during the transition.
How does Vistage support its members?
Vistage supports its members through peer advisory groups and personalized executive coaching, helping them navigate significant business challenges.
