HOUSTON & AUSTIN, TEXAS (June, 2013) – Statesman Corporate Finance (“Statesman”) is pleased to announce the expansion of the firm with the addition of a branch office located in Austin, Texas. With this new office, Statesman welcomes Managing Directors Lawrence (Larry) Schumann and Phillip Wilhite to the firm. “We felt the timing was right to expand into the Central Texas region and Larry and Phil are tremendously experienced intermediaries. We are excited about their decision to join Statesman and the greater coverage Statesman will have in the rapidly growing Central Texas markets.” said Will Jaco, Statesman’s President.
Larry Schumann has over 11 years of experience in advising and representing clients in business sales and acquisitions. He has completed numerous successful engagements in a broad cross section of industries including niche manufacturing, insurance services, automotive services, industrial and commercial services, oilfield services, consumer services, professional services, retail, adventure tourism, and specialty construction. Larry’s business experience includes 20 years at TCC Industries, Inc. (formerly TeleCom Corporation), a NYSE listed conglomerate involved in trucking, manufacturing, wholesale distribution, venture capital, insurance and real estate. While at TCC Industries, he served in a number of positions, including CEO for 5 years; and was involved in 19 merger and acquisitions transactions, as well as numerous capital financings in a variety of industries. Larry also has 3 years of experience as COO/CFO of SciComp Inc., a software development company, and 3 years on the audit staff of PricewaterhouseCoopers, the successor firm to Coopers & Lybrand.
Larry earned a Bachelor of Business Administration degree magna cum laude from Texas A&M University. He holds the FINRA Series 7, 66, and 79 securities licenses and is a Merger & Acquisition Master Intermediary (M&AMI) and Certified Business Intermediary (CBI). He is also a Certified Public Accountant (CPA) and holds a Texas real estate broker’s license. Larry is a member of the M&A Source, the Association for Corporate Growth (ACG), the International Business Brokers Association (IBBA), the Texas Association of Business Brokers (TABB), the American Institute of Certified Public Accountants (AICPA), and the Texas Society of Certified Public Accountants (TSCPA).
Phillip Wilhite uses his experience as a former business owner and 11 years of M&A transaction work to help his clients achieve their long-term strategic plans. After a stint as CFO of a regional construction firm, he acquired a small wholesale operation and built it into the fifth largest distributor in its industry, serving the grocery market across 16 states. He brings an owner’s perspective to the fields of M&A and corporate finance. Phillip has accumulated deal making experience in manufacturing, distribution, healthcare, professional services, and real estate hospitality, with transactions up to $50,000,000 in value.
Phillip earned a BBA in Accounting from The University of Texas at Austin, is a Certified Public Accountant, and worked on the audit staff of PricewaterhouseCoopers, the successor firm to Coopers & Lybrand for 4 years. He holds the Merger & Acquisition Master Intermediary (M&AMI) and Certified Business Intermediary (CBI) designations from the International Business Brokers Association, as well as a Texas real estate license. Additionally, Phillip is registered with FINRA holding the Series 7, 66, and 79 securities licenses. He is an active member of the International Business Brokers Association and M&A Source, currently serving as chairman of the M&A Expo committee of M&A Source, working with Private Equity Groups. Phillip is married with two grown children, coached youth baseball for fourteen years, and is active in charities including The First Tee of Greater Austin.