|ROBERT SKANDALARIS - MSU Varsity "S" Club Honorary Member - 2012|
Mr. Skandalaris is the principal, Chairman and CEO of Quantum Ventures of Michigan, LLC, a privately held company specializing in the acquisition and development of middle-market firms.
Quantum currently has investments in companies operating in the following industries: banking, finance, distribution, interactive, software, chemicals, digital media and electronics. Quantum also maintains an interest in Manitex International, Inc. (NASDAQ:MNTX), an industrial lifting company operating in Europe and the United States.
Bob Skandalaris began his career as a Certified Public Accountant with Touche Ross & Co. Mr. Skandalaris joined Prudential-Bache Securities in 1982 where he became a Senior Vice President and established the Professional Services Group. In 1987, Mr. Skandalaris purchased the New York based asset management firm, Acorn Asset Management. Under his direction as Chairman and CEO, Acorn grew from $45 million to over $2 billion in assets under management in six years. In 1987, he also became a shareholder and Vice Chairman of the Oxford Investment Group, Inc. Mr. Skandalaris successfully exited the Oxford companies in 1993-1994 when its revenue exceeded $1 billion. In 1989, Mr. Skandalaris co-founded Michigan's largest private bank holding company, which was subsequently sold to Private Bancorp, Inc. (NASDAQ:PVTB) in 2005. In 1994, Mr. Skandalaris founded Noble International, Ltd. He served as Chairman and CEO of Noble during its growth years. At the time of his exit in March 2008, Noble had become the world’s largest supplier of laser-weld blanks with revenue of approximately $1.5 billion.
Bob and Julie believe strongly in the value of education and the need to support entrepreneurship in the United States. As a result, they maintain a private foundation that grants scholarships to future leaders. To date, approximately 1,200 scholarships have been granted. Mr. Skandalaris also established the Skandalaris Center for Entrepreneurial Studies at Washington University in St. Louis, which has been recognized as one of the top entrepreneurship programs in the country. Mr. Skandalaris chairs the Athletic Advisory Board at Michigan State University, is a trustee at Washington University, and serves on several community and corporate Boards. He is also the author of three books.