SUMMER 2025
Honoring Mike Ertel:
The Driving Force Behind the Broker
Simplification Act
J. Michael (“Mike”) Ertel, 77, of St. Pete, FL, passed
away on May 19, 2025. A respected industry leader,
Mike leaves behind his wife Pat, three daughters, five
grandchildren, and a legacy of integrity, dedication,
and advocacy. A Purdue-educated executive and
longtime Managing Director at Transworld M&A
Advisors, Mike spent almost 2 decades championing
federal reform for business brokers. His proudest
professional achievement came in 2023 with the
passage of the federal Broker Simplification Act—a
cause he led with unwavering commitment.
MIKE ERTEL: ADVOCATE,
STRATEGIST, AND CHAMPION
Mike Ertel was not just a strong voice in the
industry—he was the voice behind this reform. He
spent years building coalitions, educating lawmakers,
cra�ing language, and advancing the bill through
multiple legislative sessions. It was Mike’s persistence
and credibility that kept momentum alive,
culminating in a major win for the profession.