Profession: Business Intermediary and M&A Intermediary
Service Arena: Business Transfer and M&A Transactions
http://www.ebitassociates.com117 S. Cook Street
#212
Barrington, IL 60010
USA
(847) 566-0500 x201
Todd C. Cushing
Principal
CBI, CMEA, SBA, FRC, BTS, CBB
CBI (Certified Business Intermediary) as designated by the International Business Brokers Association (IBBA)CMEA (Certified Machinery/Equipment Appraiser)SBA (Senior Business Analyst) FRC (Financial Recasting Consultant) BTS (Business Transfer Specialist) CBB (Certified Business Broker) as designated by the Affiliate - Business Brokers Network (BBN)
Member: Midwest Business Brokers Intermediaries (MBBI) past president 2007, board member 2000-2009
Member: MA Source, The world's largest organization of middle market intermediaries
Member: International Business Brokers Association (IBBA)
Member: NEBB InstituteAffiliate: Business Brokers Network (BBN)
Past Member: Stick & Rudder Flying Club (S&R), member 1993-2008 and board member 2004-2006
Licensed by Illinois Business Brokers Act of 1995 Illinois Securities Department.
Guest Speaker for many organizations.
Todd Cushing is the principal of EBIT Associates, Ltd. in Barrington Illinois, founded 1999
Todd Cushing is on the board of three companies plus one non-profit organization.
SERVICES PROVIDE:
EBIT Associates is a leading intermediary and investment banking firm advising private and corporate clients on lower middle market transactions. EBIT provides sophisticated solutions in merger and acquisitions, private placement, financial restructuring, fold-ins, IPO's, project consulting and valuation opinions. We use a customized marketing strategy and state-of-the-art resources, allowing us to close transactions over three times the industry average.
BACKGROUND HIGHLIGHTS:
In 1976, at the age of 12, Todd began his career working in his family business. The company, Sound of Music, Ltd, provided satellite communication services to businesses across the country. Todd worked his way to VP of Sales and Marketing and played a key role in generating over $1.1 million in EBITDA for the company. The company customer base was sold to Muzak Corporation twenty two years later for over 8X multiple of EBITDA. Todd was directly involved in Muzak’s acquisition of this successful family business. Through that experience, Todd gained an interest in the brokerage industry and it was then that EBIT Associates, Ltd. was formed. Todd is an entertaining and sought after public speaker, giving presentations and seminars on the benefits of having broker representation when it comes time to buy or sell a business. He has also written several articles on the importance of broker representation. Todd is a Candidate for an Associates Degree from Trinity University of Deerfield Illinois for finance and Biblical studies. He is the principal and founder of EBIT Associates, Ltd., a Barrington, Illinois. Todd has bought and sold companies personally over the years and serves on three company boards. He is the past 2007 President of Midwest Business Brokers and Intermediaries (MBBI), a not-for-profit organization. Todd is an instrument rated pilot, enjoys golfing, and has been married for over 11 years. Todd and his wife serve together at their church as premarital mentors and reside in Wadsworth Illinois.
EBIT ASSOCIATES, LTD., Barrington, Illinois 1999 to present is a leading and intermediary and investment banking firm advising private and corporate clients on lower middle market transactions. EBIT provides sophisticated solutions in merger and acquisitions, private placement, financial restructuring, project consulting and valuation opinions. We use a customized marketing strategy and state-of-the-art resources, allowing us to close transactions over three times the industry average.
Under leadership, EBIT Associates became one of the top M&A Firms in the lower middle market area in the Chicago Market.· Sold over 40 companies in the service, transportation, and distribution industries.
Sought after speaker for the industry on topics such as buying a company, selling a company, and what to ask when qualifying a potential client. Authored numerous articles on business issues such as valuation, business structures, tax planning, strategic growth and business succession · Past and present Board of Director of four companies and one not-for-profits. Board of Director of www.mbbi.org Midwest Business Brokers (MBBI) and Intermediaries for seven years and past President in 2007.· Purchased service transportation business in 2001 with $1.6M in revenues and a staff of 45 individuals. Sold company in 2005. Received several designations in the M&A industry with hundreds of hours of class preparation. Designations include: CBI (Certified Business Intermediary), FRC (Financial Recast Consultant), BTS (Business Transfer Systems), and CBB (Certified Business Broker). SOUND OF MUSIC, LTD., Mundelein, Illinois 1976 to 1999 Offers world class total communications support to major corporations and small businesses nationwide; includes full range of products and services maximizing audio and video capabilities through leading-edge satellite communications technology; former 3M Sound Products Dealer; recent affiliate of Muzak since April, 1998. Vice President, Sales and Marketing (1993 to 1999); Operations Manager (1987 to 1992); Sales Manager (1983 to 1987); promoted entry-level to Sales (1976 to 1982).Empowered with full P&L accountability for a diverse range of cross-functional responsibilities, including: sales, marketing, advertising, analysis of competition, customer service, budget administration, policy and procedures,building maintenance/operations, composing bids for local and national accounts, and updating computer system with current vendor pricing and labor rates. Direct administrative and sales staff of 18. Revamped and reorganized numerous operational protocols, which have significantly contributed to company's stability and success.
BACKGROUND HIGHLIGHTS:
Under leadership, Sound of Music became the largest 3M Sound Products Franchise out of 85 franchisees nationwide (1991), consistently achieving up to 120% of 3M's sales quotas.· Since 1988, company continued to achieve a 12% to 20% increase in annual gross revenue. Achieved #36 out of 213 salespeople nationwide Muzak's Circle of Excellence Sales Incentive Program (1998), while concurrently managing employees and overseeing opening of new office in Milwaukee market. Personally sold and serviced key accounts, including Arby's (40 locations), White Castle (50), McDonald's (60), Dominick's (117) and Wendy's (125). Played a significant role in securing True Value account; coordinated complete hardware and software installations in 2,200 stores nationwide. Instrumental in capturing Sears account which built to 1,100 stores nationwide in three years. Arranged for Jim Lovell's (Apollo 13 Astronaut) appearance at major promotional event located in Dallas, Texas (1998). Built new affiliate franchise for Digital Music Express (DMX), a division of TCI Cable; achieved 250+ accounts within two years. Established and assigned sales territories; developed and implemented sales training program and sales prospecting system; determined commission structures. Coordinated with MIS in creating customized laptop software for in-field sales presentations. Developed, wrote and established company policies for order processing, shipping & receiving, accounting, bookkeeping and collections. Established hiring procedures, performance evaluation structure and telephone screening process for prospective employees, and interview questions for sales, service and administrative staff. Created and developed company literature, brochures and marketing communications. Wrote and published product user's manual for company employees. Perfected intricate call routing network of company's inbound 800 number, assuring "seamless" customer service and support. Coordinated with MIS in configuring hardware and software programs for all products.
EDUCATION:
TRINITY UNIVERSITY, Deerfield, Illinois Associate Degree Candidate Completed course work in Business, Finance and Biblical Studies CBI (Certified Business Intermediary), CMEA (Certified Machinery/Equipment Appraiser), SBA (Senior Business Analyst), FRC (Financial Recast Consultant), BTS(Business Transfer Systems), CBB (Certified Business Broker)
INTERESTS:
Instrument rated pilot; ministry work with an orphanage in Mexico; Scuba Diving; Golf, Skiing, Volunteer (with spouse) as a Premarital Mentor through the Marriage Ministry at Willow Creek Community Church
