Buxbaum Group Adds Exec
The Buxbaum Group, the more-than 30-year-old company in Calabasas, Calif., that started out as a liquidator and appraiser of retail and wholesale inventories, has hired Ned Tomasevic as a financial analyst.
Tomasevic’s job is to focus on strategic buyouts, evaluate investment opportunities across the industrial spectrum and make operational improvements at the companies that Buxbaum has purchased as turnaround ventures.
Prior to joining Buxbaum, Tomasevic was a consultant in the corporate finance and restructuring group at FTI Consulting in Los Angeles, where he helped with various Chapter 11 bankruptcy reorganizations. Before that, he was a corporate banking associate in the leveraged finance division of U.S. Bancorp in Minneapolis. Tomasevic received a bachelor’s degree in business and psychology in 2002 from the University of Minnesota.
In recent years, Buxbaum has shifted its primary focus from inventory liquidation to transforming troubled companies into profitable enterprises that are then sold. One of Buxbaum’s recent deals was acquiring juniors manufacturer Rampage in 2003, working with the company’s executive for two years to improve revenues and then selling the apparel maker in 2005 to the Iconix Brand Group for $45.9 million. —Deborah Belgum
