Archives: December 2016

Waiakea Water Attributes Its Success To Health, Sustainability, and Charitable Initiatives

In October of 2015, Waiakea Water had an astonishing announcement. The company had experienced a 5,000 percent growth since its founding just three years prior. The year previous had awarded the company with their products being sold in almost 2,000 stores across 30 states. This success awarded the company the opportunity to build a new manufacturing facility.

According to Gust, Ryan Emmons, founder of Waiakea water, is rightfully proud of the company’s success, going from selling a couple thousand cases of water a year to more than 120,000. What’s even better is that as a result of the company’s increase, over 500 million liters of clean, safe water had been given back to rural communities in Africa. He believes that company’s success can be attributed to doing things at his company different than others do. By focusing on health, sustainability, and ethics, the company has built a company that makes consumers feel great, on numerous levels.

 Waiakea spring water was founded on three basic values: health, sustainability, and charitable initiatives. As part of the company’s mission, they partnered with Pump Aid, an organization that proudly provides underserved communities with clean drinking water. With this partnership, Waiakea donates 650 liters of clean water for every liter they sell. With Waiakea’s help, Pump Aid has helped give clean drinking water to millions of people.

Their charitable contributions really only make up one-third of Waiakea’s success. They also boast a mineral-rich, naturally alkaline water that is taken from a sustainable source. They take sustainability just a little further by packaging their products in packages that are made entirely from recycled bottles. They are one of the only water companies who has been CarbonNeutral certified for its diverse eco-initiatives.

Since the company’s founding, they have experienced an average annual growth of 170 percent and are now valued at over $10 million. Their water is available in premium chains all over the nation and they are beginning to expand on an international level.

New You reported that Waiakea’s water originates from the Mauna Loa volcano in Hawaii, by snowmelt and rain. This is one of the purest environments on Earth. The water is then filtered through roughly 14,000 feet of the volcano, giving it its mineral-rich, naturally alkaline properties. They are a leader in regards to sustainability and its eco-initiatives. The company’s mission is to provide healthy and delicious volcanic water and contribute to the world’s clean water access, doing so in a sustainable manner.

Its Strictly Business

The Atlanta Hawks endured a trying time in franchise history. The team was up for sale and the owner expected a tremendous amount for his investment. The Hawks ownership group known as Atlanta Hawks Basketball and Entertainment was led by Bruce Levenson. Bruce eventually agreed to sell the team to an ownership group led by Forbes billionaire Tony Ressler. He did not get the original asking price. However, the return on his initial investment was substantial.

There was other business to be handled within the organization of Atlanta Hawks basketball while the team was up for sale. Former team general manager Danny Ferry was suing the organization for wrongful termination. Ferry was under contract and wanted to be sure that his own contract clauses were thoroughly taken care of. Levenson and his lawyers reached a settlement with the former GM. They ultimately agreed to buy out the remainder of his contract allowing Ferry to move forward and seek further opportunities.

Having this internal legal dynamic settled contributed to smooth negotiations in the sale of the team. However, Bruce Levenson claims that the legal proceedings involving Danny Ferry triggered a clause in the insurance policy that the ownership group has with AIG. AIG never acknowledged such a clause and was not involved in any of the legal proceedings involving the team’s former general manager. Their legal expenses and fees were supposed to be covered by the insurance company according to Levenson.

Bruce Levenson is suing AIG for breach of contract and bad faith. AIG has not acknowledged that any clause in the policy was triggered by the legal process involving its former employee. Currently the insurance company has not made any statement in regards to its case with Atlanta Hawks Basketball and Entertainment.

Tony Ressler and the Atlanta Hawks current ownership group are not implicated in any of the charges related to AHBE and AIG.

The Prosperity of the Business Ventures that have been established by Don Ressler

Don Ressler is an entrepreneur who is very innovative and has been recognized for his outstanding business skills. He has created many companies that have been profitable and an example is the Intelligence Beauty. His entrepreneurship career started by setting up The business made significant returns and it was purchased by Intermix Media. Don Ressler then established Alena Media by creating a partnership with Adam Goldenberg who was the COO of the Intermix Media. The enterprise was devoted to offering its customers exceptional e-commerce and advertisement demonstration solutions. The growth rate of Alena Media was fast, and the New Corp bought it in 2005. The firm was mismanaged, and this led to a decrease in its productivity.

Adam and Don Ressler quit the company and decided to found a new business. They had sufficient knowledge and experience running online marketing enterprises, and they were focused on creating a firm that they could operate anonymously. Adam Goldenberg and Don Ressler invited the former employees of Alena Media and worked together to form Brand Ideas. The business was later transformed to be known as Intelligence Beauty. The progress of the enterprise has not been excellent, but it established affiliates that have been prosperous. They are SENSA, which is skilled in offering weight loss products and DERMSTORE makes cosmetic and skin care commodities. The Intelligent Beauty’s CEO role was offered to the founder of the Intelligent Beauty and the manufacture of the products was managed by Dr. Alan Hirsch.

Read more: Forbes Magazine Features the Teamwork of TechStyle Co-CEO’s

Intelligent Beauty decided to expand in 2010 by creating JustFab. The company used a $33 million funding that was given by the Matrix Partner to facilitate the growth of the business. The enterprise managed to gain a significant market in the United States, and it got 4 million members in its first few months. In April 2010, its total subscribers had risen to more than 6 million. The profitability of the company made Intelligence Beauty, Matrix Partners, and Rho Ventures to give it am additional funding of $76 million.

JustFab then started the FabKids in January 2013 to gain more market from parents. It also acquired Fab Shoes, which is among Europe’s leading E-Business websites. The acquisition was essential to JustFab in penetrating the European market. The firm got more than three million members by the end of 2013 and majority of them were from Germany, United Kingdom, France, Spain, and Germany. It also received a funding of $40 million that used to create an athletic wear business, which is known as Fabletics. The total amount of funds that have been offered to JustFab is $250 million.

Find out more about Don Ressler via
Read about Goldenberg and Ressler’s teamwork on the TechStyle blog.

Experience and Commitment Equals Success

Madison Street Capital is internationally recognized as one of the leading investment banks committed to providing great service, leadership, integrity and results to our publicly and privately -held business clients.

Founded in 2005 and headquartered in Chicago, Illinois, Madison Street Capital’s reputation was built by acquiring the knowledge, experience, and extensive relationships that match many of the top middle market investment banking firms in the world and delivering successful results. We are committed to providing great service to both public and privately held businesses in a time-sensitive fashion.

Specializing in corporate finance and mergers and acquisitions (M&A) advisory, the team puts forth all their effort and strength in not only matching buyers and seller but also matching the appropriate financing and capitalization structure, which is unique to each client’s needs.

With offices based in North America, Africa, and Asia, Madison Street Capital works with clients in a diverse range of fields and industries. Through meticulous planning and an extensive skill set, we have delivered successful results to our clients over many years.

We have consistently provided expertise in various areas of corporate finance that broadly are categorized as corporate advisory, business valuation, valuation of financial reporting, financial opinions, asset management industry focus and wealth preservation and tax planning. There are several categories under each of these topics that we focus on implementing with our clients. We have built a team that draws on years of combined experience that proved services like middle market investment banking, restructuring services, valuation and M&A services for hedge funds, buy side and sell side services for private equity, corporate advisory services, business valuation services, valuation for financial reporting and financial opinion services.

In addition to the work in meeting our client’s needs, we also provide philanthropic support to various organizations. When disaster strikes, organizations like the United Way (based in Alexandria, Virginia) help to mobilize and resolve issues within communities, and we are right by their side. The organization does a great job in helping more than a dozen states in the Midwest, East Coast, and Gulf Coast. One of our milestones in working with United Way includes assisting in the initiation of a 10-year program that is designed to improve education, assist various communities achieve financial stability, and get families back on track to economic and financial independence by 2018.

Through superior performance, expertise in a broad number of sectors and our global presence, we believe our team at Madison Street Capital has differentiated ourselves from other investment banks. We believe in building a strong business with a formidable foundation not only here in the United States, but around the world.

Follow them @MadStCap

Learn more:

Bruce Levenson Is Still Making News In Atlanta

After selling the team just this last year, Bruce Levenson’s tenure as Atlanta Hawks owner is over, but it seems the businessman and philanthropist is not yet done making news in the Atlanta Journal-Constitution. Levenson and Atlanta Hawks Basketball & Entertainment (AHBE) are taking their former insurance company, AIG to court for failure to pay out a claim they filed after the sale went through. The claim was related to a contract buyout AHBE wanted to make for former team General Manager Danny Ferry’s contract, and according to Levenson and AHBE they were within their agreement to do so. AIG has not honored this claim, and Levenson and AHBE plan to sue them for failure to do so, and for additional damages.

Bruce Levenson owned the Atlanta Hawks from 2004, when he bought the team along with AHBE, till 2015 ( when he elected to sell them to Tony Ressler. Levenson has also had an impressive resume as a businessman, co-founding a major journalism outlet called Unified Communications Group. Levenson actually started it within his own home along with his friend Ed Peskowitz, and the company originally focused on oil industry news, but then grew to becoming a source for mortgage banking, technology developments, and also healthcare and education. It’s also the parent company of Technology research firm, TechTarget and the developer of the GasBuddy app.

Time Magazine‘s Levenson is also active in several Jewish foundations including Seeds of Peace, BBYO, and Birthright Israel. He has been instrumental in starting programs at the Holocaust Memorial Museum in Washington D.C., and even took the Hawks’ basketball team there in 2014 where his mother-in-law gave her account of her survival of the event. He also has helped young people from the inner city achieve higher education through scholarship programs provided by Hoop Dreams, and the I Have a Dream Foundation.