depth of talent within our ranks. Our CBIs play
a critical role in upholding our reputation for
quality and integrity in the business brokerage
community.
FORGING STRATEGIC PARTNERSHIPS
This year, we partnered with the Texas
Association of Business Brokers (TABB).
Anticipated to bring in an additional 120
members, this strategic collaboration, set to roll
out in January 2024, marks a significant step in
our journey toward nationwide cooperation and
growth. This partnership is a testament to our
commitment to building more robust networks
and enhancing member value.
CHAMPIONING DIVERSITY AND INCLUSION
In our commitment to fostering a more inclusive
and dynamic business brokerage community, we
launched a new student scholarship program to
increase the number of young minorities in our
profession. A�racting younger, diverse individuals
is crucial for bringing fresh perspectives and
ideas, enriching our profession, and aligning
with our vision of creating robust economies and
communities.
HISTORIC CONFERENCE SUCCESS: A
MILESTONE EVENT
Our May 2023 conference was a landmark event
in IBBA’s history, a�racting 900 a�endees—the
largest in our history. This gathering wasn’t
just about numbers; it was a vibrant forum for
exchanging innovative ideas, best practices, and
strategies. The conference’s success illustrated
our unwavering commitment to providing top-
tier educational opportunities, fostering a strong
community, and se�ing industry benchmarks.
RECOGNIZING EXCELLENCE: CELEBRATING
OUR MEMBERS’ ACHIEVEMENTS
At our 2023 Annual Conference, we recognized a
record number of award recipients from over 1,800
deal submissions. This year’s awards were notably
diverse, with many female business brokers recognized,
highlighting their vital role in our industry.
There were 240 awards handed out to a total of
194 unique members. Each award won symbolizes
hard work, persistence, and professional excellence,
reflecting the growing recognition of business
brokers in successful business transfers.
ADVOCACY IN ACTION: THE BROKERAGE
SIMPLIFICATION ACT
This year’s key milestone was the passage of the
Brokerage Simplification Act. This landmark
legislation introduces a new exemption for M&A
Brokers, exempting brokers from securities broker
registration under the Securities Exchange Act of
1934. Due to this new exemption, hiring business
brokers and M&A advisors to sell companies has
become more affordable for business sellers. This
exemption also gives the business owner more
flexibility in deciding who will represent them in
the sale of their business.
LETTER FROM THE CHAIR