Newsmaker: Scott Mashuda
Noteworthy: Mashuda won a 40 Under 40 M&A Advisor Recognition Award last month from M&A Advisor, a New York industry association for the mergers and acquisitions industry. Mashuda will receive the award during an Oct. 1 ceremony.
Family: Wife, Erin.
Residence: Lives in Cleveland, native of Cranberry.
Occupation: Managing director of River's Edge Alliance Group, a Pittsburgh merger and acquisitions firm.
Background: Mashuda formed River's Edge in 2004 after working in corporate finance for accounting firm Ernst & Young for about four years. Tired of working at a large corporation, Mashuda explored the possibility of buying an existing small business. But he found that many owners knew nothing about valuing and selling their companies. That experience led Mashuda to form River's Edge, which specializes in valuing and selling family-owned businesses.
Education: Case Western Reserve University, bachelor's degree in accounting, 2000.
Quote: “I think it's going to give us an opportunity to grow our business,” he said of the award. “We're selling a service, not a product. Having one more organization put the stamp of approval on our business helps create that trust from potential clients.”