SPRING 2024
It is with great humbleness that I once again have
been asked to serve on the board of such a great
organization. I take this bestowed honor with great
pride and humility.
Firstly, I want to sincerely thank our immediate
Past Chair Kyle Grifth for his amazing leadership,
innovation and, most importantly, achievements
in 2023. Under his leadership and our amazing
Association Management Company, we have seen
the highest membership ever, and the highest
Net Promoter satisfaction score in our history
of tracking such (2015); we also experienced an
amazing and historic conference, the passage of
the Brokerage Simplification Act, and the start of
an awareness campaign we have all been waiting
for, and which we will be implementing starting in
March.
WOW! What a year! Tank you, Kyle!
Much good has happened to our organization
since my last chairmanship in 2012. Some of
those highlights include the reharmonization
of the IBBA and M&A Source with the creation
of the International Association of Business
Intermediaries, Inc. (“IABI”) as the umbrella
organization, under which the IBBA and M&A
Source operate with autonomy but united in
our objectives. Tere are many people to thank
for such a monumental achievement for their
vision, perseverance (at times against many
odds), and willingness to come together for
the good of all members of the IBBA and M&A
Source. Some of those people amongst others
were Cress Diglio, Scot Bushkie, Lou Vescio,
John Howe, and Mike Camerota. We are all
indebted to your hard work and diligence for us
being where we are today.
Te Broker Simplification Act is another huge
win for us all. For those not in the know, or
not in the USA, this is a law that amended the
Securities Exchange Act of 1934 to exempt
business brokers from being registered if
performing services in connection with the
transfer of ownership of small privately held
companies. Tis is an achievement where so
many people are to thank, including, but not
limited to, some of the early ambassadors and
innovators like Andy Cagneta, Linda Purcell,
John Zayac, Mike Ertel, and so many others.
PINO BACINELLO
CBI, MCBI, M&AMI | 2024 IBBA Chair
A Time for Gratitude