Erich Schmid
Mr. Schmid is cofounder and President of BIS. He is a 25-year veteran in the mergers and acquisitions arena. In 1974 Mr. Schmid’s corporate career began with The Babcock & Wilcox Co. (B&W) in its Corporate Planning and Business Development Department; and following the acquisition of B&W by J.Ray McDermott (NYSE: MDR) in 1978, he joined McDermott’s corporate staff. In 1980 Mr. Schmid was selected by Tidewater Inc. (NYSE: TDW) to be its first Director of Corporate Development and served in that position until 1985 when he resigned and moved to Asheville.North Carolina and joined a local business brokerage fum where he specialized inlarger transactions. During nine years ingeneral business brokerage he performed valuations of several hundred businesses for buyers and sellers and was involved in over 100 transactions. In 1994 Mr. Schmid and William J.Fass founded Business Iutermediary Services,Ltd. to focus solely transactions in the lower middle market_
Mr. Schmid has both a B.S.in Iudustrial Management and M.S.in Management from The University of Akron, Akron, Ohio. Mr. Schmid also studied Strategic Planning at the Massachusetts Institute of Technology’s Sloan School of Business. He was instrumental in founding the Carolinas Virginia Business Brokers Association (CVBBA) and served as its first president.Mr.Sclunid is also a life member of The Institute of Business Appraisers (IBA) and holds charter membership in its Southeastern Chapter.He is a licensed real estate broker in both North Carolina and South Carolina. His e-mail address is ekschmid@prodigy.net.