Vistage Expands Resources for CEOs with Smart Business Network Acquisition

In a significant move for business leadership support, Vistage, the largest CEO coaching and peer advisory organization in the world, has officially acquired the Smart Business Network (SBN). This Cleveland, Ohio-based company, renowned for its contributions to the business community over the past 35 years, offers a range of resources including publications and events designed to facilitate business transactions and networking among business leaders.

This acquisition represents a strategic enhancement to the suite of resources available to Vistage members. Sam Reese, CEO of Vistage, expressed that SBN’s Dealmakers events and their editorial content will play a crucial role in connecting CEOs during critical phases of their business journeys, specifically when navigating complex transactions such as buying, selling, or financing companies. Reese emphasized that this collaboration is rooted in a shared belief that CEOs make better decisions when they connect and collaborate with each other.

Founded in 1989, SBN has established a strong reputation for creating valuable networking opportunities and providing vital insights through its various platforms. The company hosts Smart Business Dealmakers conferences across 20 U.S. markets, which are essential gatherings for middle-market CEOs, investors, and various advisors involved in mergers and acquisitions. These events are designed to facilitate connections, share success stories, and explore capital strategies among executives.

Fred Koury, Co-founder, President, and CEO of SBN, shared that over their 35-year journey, SBN has built an extensive network based on relationships and community support for middle-market executives. By merging with Vistage, Koury believes they can enhance their commitment to providing robust support and insights for these leaders, ultimately leading to their success in a competitive market environment.

Looking ahead, after dedicating decades to building SBN, Fred will guide the organization through its transition to Lee Koury, who is set to take on the role of Managing Director. Lee noted that SBN has collaborated closely with Vistage Chairs and members for years, and they admire Vistage's commitment to fostering the growth and success of leaders in various industries. They view this acquisition as an exciting opportunity to extend their reach and offer more support to CEOs across the nation.

As the largest coaching organization for small and midsize businesses, Vistage has served over 45,000 members in 40 countries for more than 65 years. They provide comprehensive resources through confidential peer groups and one-on-one coaching geared toward helping executives solve their toughest challenges and make decisions that both benefit their companies and enrich their communities.

Smart Business Network's focus on inspiring and informing business leaders aligns perfectly with Vistage's mission to enhance leadership capabilities and decision-making skills among CEOs. This merger will undoubtedly create a robust platform for executives to connect and thrive, ultimately fostering a community where insightful discussions and strategic collaborations can lead to profitable outcomes.

With the world in constant flux and new challenges arising daily, the combined forces of Vistage and Smart Business Network will empower business leaders to navigate their challenges more effectively, making informed decisions that will pave the way for greater success in the business landscape.