Leading Middle-Market Investment Bank Appoints Rovani to Head
New Travel/Transportation, Hospitality and POS/Food Service Practice
MCLEAN, VA (February 13, 2003) - John Rovani, a 17-year industry veteran and executive, has been appointed to lead The McLean Group, LLC's new Travel/Transportation, Hospitality and Food Service practice. The McLean Group is a leading middle-market investment bank that specializes in mergers and acquisitions (M&A) as well as corporate finance.
"We are excited about John's joining The McLean Group as an investment banker and head of this critical new area," says McLean Group Managing Director Dennis Roberts. "We believe that John adds significant value to our firm and to middle-market companies seeking to establish and execute viable exit strategies in these sectors. As a consultant during the past year, John has demonstrated his enormous wealth of industry knowledge, small and large company management experience, as well as a unique strategic vision of where opportunities lie for clients. We are very happy to have him join us."
"I am very pleased to team with The McLean Group to develop an exciting business within a business that leverages the combination of both parties' skills, strengths and experiences to help firms in my industry," says Rovani. "Many of my industry peers are too busy with day-to-day issues and do not have someone they trust to represent their interests. I look forward to earning their continued trust in a new capacity and to becoming a long-term addition as a key player in their strategic directions."
Rovani believes that significant "hidden" M&A activity is already underway in these sectors. "This activity will explode once war possibilities with Iraq dissipate," indicates Rovani. In particular, Rovani believes that valuation premiums will grow as a dozen large players begin to bid for small to mid-sized players that possess unique business models, market share and/or technologies. "Preparing for that short window is critical and should commence immediately," he adds.
Rovani has extensive experience in building and managing new businesses and alliances. He has held positions as President/COO of POS.Com, a web-based provider of POS/back-office solutions to restaurants; a Vice President of MICROS Systems, Inc., a hospitality industry solutions provider; President and CEO of a decision support software firm and as a subsidiary Vice President at Sabre/American Airlines, where he helped both groups expand into new overseas markets. Rovani has a Vanderbilt University MBA, a BA degree from the University of Massachusetts, a Certificate in Negotiations from Georgetown University and NASD Series 7 and 63 Broker/Dealer agent licenses.
The McLean Group, LLC is a leading investment bank that caters to the needs of the middle market of companies generating annual revenues of between $5 million and $300 million. With its team of seasoned experts, The McLean Group offers significant experience, technical expertise and a personalized small-company business approach. The McLean Group is affiliated with McLean Securities, LLC, through which all securities transactions are conducted. McLean Securities is a member of the National Association of Securities Dealers and the Securities Investor Protection Corporation.
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About The McLean Group
The McLean Group is a privately owned investment bank that provides merger and acquisition (M&A), business valuation, capital formation, corporate finance and litigation support services to clients generating from $5 million to $300 million in annual revenues.
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