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Gilbert Harrison Saying Farewell to Financo
Gilbert W. Harrison, a fixture in the M&A, retailing and fashion circles for decades, is retiring Dec. 31 from Financo Inc., the boutique investment banking firm he established 47 years ago.
Through his outsized personality and assertive manner of pursuing business, Harrison established Financo as a vibrant boutique banking firm with a wide reputation exceeding the size of the company’s annual volume, which sources placed between $20 million and $30 million, depending on the year.
John Berg continues as Financo’s chief executive officer and will leave the title of chairman unfilled at least for the time being.
Five years ago, Berg, a seasoned M&A, corporate finance and private equity banker, bought an equity interest in Financo and became ceo, and Harrison began gradually winding down his involvement.
“I agreed with John that I would stay for five years and retire after that.
Five years goes very fas