Marvin Slovacek - Business Intermediary
I grew up in San Antonio, Texas, as an avid sports enthusiast and of course, a Texas Longhorn fan. After graduating from high school, I received an accounting degree from Brigham Young University and an MBA from the Harvard Graduate School of Business. I met and married my wife at BYU. Forty-five years later, we are still happily married with 4 children and 5 grandchildren scattered throughout the United States.
Upon my graduation from Harvard, I worked at Boise Cascade Corporation as a strategic planner in the Mergers and Acquisitions department. From there, a good friend recruited me to join him with Marcus and Millichap in investment real estate sales in California and Texas where I oversaw the closing of more than $750 million in real estate sales. Eventually, I ended up in Tampa, Florida, where I managed a real estate portfolio valued at more than $100 million for a wealthy German family. I also owned and personally managed a real estate development company, construction company, and a specialty restaurant.
I spent many years in real estate development throughout the South and basically retired in 2001. But with many of my assets in Florida real estate, the market crash of 2008 found me needing to rebuild my retirement portfolio.
I was looking for a way to use my financial and business background to assist others when I was introduced to the “business intermediary” industry. I found this industry to be a perfect fit for me, so I bought a Murphy Business and Financial franchise for the state of Utah. Murphy is the largest business brokerage firm in North America and as such, has extensive resources to assist in locating appropriate buyers, and in vetting and completing transactions.
Essentially, I provide investment banking types of services to small and mid-sized businesses typically unable to afford that level of expertise and experience. I work to help individuals or groups who have built excellent businesses to transition out of that business and maximize the funds they can derive and maintain from a sale. Typically, these are very bright successful individuals (having built and managed a good business), but inexperienced in valuing, preparing for sale, marketing, and closing the sale of their business.
All actions in this process are completed with confidentiality of paramount importance. This allows the business owner to focus on the continued growth and profitability of the business without the distraction of the sales and marketing process.
When I was asked to preside over a mission for the LDS Church in the Czech Republic and Slovakia, the only Czech words I knew at that time were: Jak se mas (How are you?), Ja jsem Marvin (I am Marvin), and pupek (belly button). Imagine the surprise of the Czech members when I arrived and all I could say was, “I am Marvin. How are you, belly button?”
Golf (though I'm not good) and stamp collecting
Master's Degree in Business Administration from the Harvard Business School