Global Market Insights -- Sold: U.S. Clients Move to Buy Successful European Consulting Firm
Luxembourg (PRWEB) July 10, 2007 -- Stephen D. McLaughlin, CEO Global Market Insights announced today that he has sold the company to a U.S. joint venture being formed by several of GMI's clients. The name and structure are not yet decided, but the entire process should be completed within the next year or in early 2008.
As a result of the sale, the new owners will assume GMI's European presence to include employees and clients. However, the new owners will run the business out of the U.S. During the one year transition period, Stephen McLaughlin will move back to the U.S. on a permanent basis and continue to work in the business.
For the past two years in a row GMI has increased its annual net revenues by more than one million dollars -- and 2007 indicators are trending to more of the same. Without disclosing too much of the financial details of the sale, McLaughlin only states "The terms of sale are cash, for both me and my employees."
Since its inception in 2002, Global Market Insights has provided their clients with in-depth and insightful market information and analysis on a global basis. With principal offices in North America and Europe, GMI´s purpose is to help client companies realize greater economic growth and value through strategic expansion into foreign markets throughout Europe that include Germany, Luxembourg and the Czech Republic; as well as France and the UK. GMI's specific expertise focuses on areas that include outsourcing, executive recruiting, market sizing, segmentation, positioning, price and competitive intelligence for the information technology, precision steel manufacturing, publishing and personal services industries. Additionally, GMI is very active in helping U.S. Venture Capital companies invest in the European marketplace.
Steve McLaughlin founded Global Market Insights, with offices in Europe and the U.S., with his vision of giving clients two synergistic competencies: knowledge of the global marketplace and industry expertise in manufacturing, finance and information technology. Steve McLaughlin has nearly fifteen years of international experience in three continents, having started in executive search as a Beckett-Rogers Associate. Steve McLaughlin is a graduate of Rice University where he was student body president, and completed post-graduate studies in International Economics at the Universidad Mayor, Santiago, Chile. He is also an established writer of several articles and white papers on the aspects of doing business abroad that have been published in well known online and offline publications that include European Weekly. During this new chapter in his life, Steve is available for consultation and can be contacted directly by Phone: 1-877-233-4628 or by the email address listed here. Additional information can be viewed on his daily blogsite www.globalmarketplace.typepad.com
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