Buckeye Ventures, Inc. Announces New Chairman and Director.
Mr. Roach's considerable knowledge and experience comes from many different perspectives. He began his career as an attorney, practicing law in Atlanta from 1972 until 1986, specializing in corporate finance, mergers and acquisitions, and franchise law. In 1986, Mr. Roach joined Service America, a national HVAC franchise company, as its President and General Counsel. From 1989 to 1997, as a principal in Callahan/Roach & Associates ("CRA"), he provided management consulting and training services (including extensive training in Quality Management) to hundreds of small businesses in the construction industry and developed with Mike Callahan the leading flat rate pricing program for the residential and light commercial HVAC industry.
In 1997 CRA merged with GroupMAC, a Houston-based consolidation company that went public later that year. Mr. Roach served as President of the Commercial/Industrial Group of GroupMAC and was responsible for the financial and operational oversight of 37 companies generating over $900 million in revenues. In April 2000, Mr. Roach left GroupMAC and currently provides consulting and training services for the construction industry, as well as guidance on franchise reorganization.
New Board addition Mr. Ron Smith has 45 years of experience in the HVAC industry as a licensed contractor and consolidator and has been the recipient of several prestigious industry awards. He will provide BEYV with considerable insight in planning, industry building, and marketing. Mr. Smith founded Modern Air Conditioning, Inc., a regional service provider in Ft. Myers, FL, and built it from a one man operation to a $15 million company. In 1985, he founded Service America in Atlanta, GA, the nation's first HVAC franchiser, which he grew to 110 franchisees. In 1991, he established Ron Smith & Associates (RS&A), an HVAC exclusive training and consulting company. In 1997 he joined Service Experts, a publicly traded consolidator, as its Chief Operating Officer and served in that capacity until mid 2000. When the company was sold to Lennox Industries in January 2000, Service Experts (founded in 1996) had 116 locations across the U.S. after making over 200 acquisitions.
Mr. Smith currently serves on the Advisory Board for HVACR Business (a trade journal), has authored numerous articles for various trade publications and regularly speaks at HVAC conventions and symposiums. He has served on the Florida Construction Industry Licensing Board, the Board of Directors of Spiro International S.A. in Friborg, Switzerland, the Advisory Board for North Carolina National Bank in Ft. Myers, FL and the Advisory Board for Roto-Rooter/Service America. Mr. Smith is a graduate of Harvard Business School's Executive Education Program.
The promotion of Mr. Roach and addition of Mr. Smith to the BEYV Board signify another step forward in BEYV's plan to build an infrastructure of HVAC industry veterans in order to implement its strategy of consolidation and make BEYV an industry leader.
Said Buckeye CEO Alan Mintz, "Both Al and Ron are recognized experts in the HVAC industry. We are thrilled to have both as part of the Buckeye Ventures team and benefiting from their decades of experience."
About Buckeye Ventures
BEYV was formed for the purpose of acquiring and operating businesses in the Retail Home Services Industry, with the objective of creating a national brand for the consumer in a space where there is no established recognizable national name. BEYV has committed to an acquisition schedule, with plans to become a nationwide leader in the HVAC (heating, ventilation and air conditioning) and plumbing sectors by providing many small and mid-sized local and regional operators with the opportunity to become part of a growing national conglomerate as a publicly held company.
Any forward-looking statements contained in this release reflect management's best judgment based on factors currently known involve risks and uncertainties. Actual results could differ materially from those anticipated in the forward-looking statements included herein as a result of a number of factors including but not limited to BEYV's ability to enter into various financing programs, roll-up business acquisitions and competition from other companies.