Bruce Kropschot, Historian
Bruce keeps everything he is involved with confidential, including potential clients or projects. As a matter of fact, often a press release is sent out about a company who he was responsible in putting together the sale or merger, and the first we learn of his involvement is when we read the press release. He never tells us anything about his clients, potential clients, or association activities. His main role is as a historian. If it is public information about a person or a company, Kropschot is a walking encyclopedia about who is who and who did what. Often he knows the president personally. He is a wealth of equipment leasing history. We can often can check facts, verify what we have heard, or Bruce will tell us where to look. But if it comes to one of his clients or potential clients, he will tell us “no comment.” But when we call him about something he can talk about, he is a tremendous asset. Leasing News salutes its advisors. They do not participate in editorial decision, choosing stories or subjects, but give general advice, often on our private internal blog. Leasing News has asked each one the same four questions to give readers more insight into their personality and experience in the industry. 1. What is the biggest issue you face in your business? “As a merger and acquisition advisor to leasing companies, my most important issue usually is to be able to convince potential acquirers that the acquisition of my equipment leasing company client can provide an excellent return on investment.” 2. What advice would you give to a young person entering the leasing business today? “Become a well-rounded leasing person by trying to get experience in sales, credit, collections, accounting and finance. Continue the learning process throughout your career by participating in leasing industry association conventions and conferences.” 3. To what do you attribute your success? “Throughout my career, I believe that hard work, doing more than is expected and maintaining a high level of integrity have played important roles in my success. I try to live by the words of my high school class motto: "Give to the world the best you have, and the best will come back to you." 4. What is one big thing that you hope to do before you die? “After I semi-retire, I would like to take an active management role in a charitable organization.”
Kropschot Financial Services Bruce Kropschot is President of Kropschot Financial Services, a firm he founded in 1986. The firm has been for many years the leading provider of merger and acquisition advisory services for equipment leasing companies, having initiated the sale of more than 150 businesses. He has been active in the equipment leasing industry since 1972 and has been a senior executive of three large leasing companies. Mr. Kropschot has served on the Board of Directors of the Equipment Leasing and Finance Association (formerly the Equipment Leasing Association,) Eastern Association of Equipment Lessors, and United Association of Equipment Leasing. He currently serves on the Equipment Leasing and Finance Association Membership Marketing Committee . He is also a founding director of the International Network of Merger& Acquisition Partners, a worldwide organization of over 60 merger and acquistion firms. Mr. Kropschot is a CPA and graduated with BBA and MBA degrees (with honors) in Accounting and Finance from the University of Michigan .
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