Daspin and Co.

Mr. Daspin has been the leading dealmaker in more than 350 acquisitions (the chief negotiator and principal shareholder in over 150 of those acquired companies) in the manufacturing, automotive, wholesale distribution, recreation, technology, retail, publishing, education, music, transportation, entertainment, and investment banking industries. He is considered one of the foremost appraisers of small to medium-sized businesses in the U.S., and he holds the record of having purchased private corporations without utilizing any public funds. During the last 30 years, Mr. Daspin and his Joint Venture Associates have appraised over 10,000+ companies and approximately 3,500 associated real estate projects, and they have acquired approximately 350 corporations using operating capital in excess $500 million dollars. Mr. Daspin holds a B.A. from Emerson College and was a tank commander and officer in the U.S. Army Reserve. Mr. Daspin is semi-retired, lives in New Jersey and was happily married to his wife of 59 years whom passed away in 2022. Mr. Daspin is a philanthropist who has donated a considerable amount of money to various charities throughout his business career, to such non-profits as the Sloan Kettering Cancer Institute, the Wounded Warrior Project and Operation Smile. These causes are particularly dear to his family.

Disclaimer:
The curricula vitae presented herein is an incomplete summary and abstract of Mr. Daspin’s education and he and his associates’ business experience.

Daspin and Co., helps clients raise capital from other sources.

– Private Equity (investing in exchange for partial ownership and/or profits)
– Fundraising
– Business Loans
– Deal Making
– Human Resources
– Advising on mergers and acquisitions
– Bridge financing in a leverage buyout
– Business consultation and advice for all industries
– Develop strategic and financial objectives

NEW UPDATE!

On June 2nd 2023, the Securities and Exchange Commission (“SEC”) ordered to dismiss its proceedings against Mr. Daspin in its entirety. Mr. Daspin has successfully maintained his innocence and disproven all the frivolous and baseless allegations made by the SEC. This is a monumental achievement and triumph showcases his unwavering determination and commitment to justice. Mr. Daspin is seeking a settlement for $52 million for damages from the SEC. To view an official copy of the order, please visit: https://www.sec.gov/files/litigation/opinions/2023/33-11198.pdf

Previously, on December 29th 2011, the United States Bankruptcy Court Central District of California Santa Ana Division, found that Trustee Edward Michael and the Daspin Defendants are innocent and not liable for the allegations asserted in the following actions: Thomason Auto Group, LLC v. China America Cooperative Automotive, Inc., et. al., Mario R. Ferla, et. al. v. William L. Pollack, et. al. and J. Michael Issa, Chapter 11 Trustee of China America Cooperative Automotive, Inc. and ZX Automobile Company of North America, Inc. v. Edward Michael Daspin, et. al. by the Honorable Judge Theodor C. Albert in addition to ordering Daspin Defendant’s requests for relief collateral to Trustee Motion for approval of settlement of 20% of the net recovery.

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Daspin and Co. is focused on M&A and the provision of private investment capital. Over the past 30 years, Mr. Daspin and his associates have participated in approximately 350 transactions. Each transaction, which on average, consists of two business owners (sellers), two investor operators (buyers) and the principal dealmakers (Joint Venture Partners-JVPs) who participated and aided Mr. Daspin in consummating the transactions. Therefore, an average of six individuals were present for each transaction. These six individuals consummating approximately 350 transactions cumulatively account for approx. 2100 individuals (that participated in the negotiations) with Mr. Daspin and his associates at all of the transactions Mr. Daspin and his associates have participated in. Of the 350 corporations Mr. Daspin owned or purchased with investor operating partners, approx. 50% of the partners have earned better than average returns. Approx. 25% of the businesses they invested in & which went out of business in 5 years, did not cause any loss to Mr. Daspin and the investor partners, 20% of the remainder businesses that went of business there were no losses and the remaining 5% of the businesses Mr. Daspin and the investor partners incurred losses.

Overall Mr. Daspin’s 30 year average after accounting for all losses generated for Mr. Daspin and his family’s investments a average 70% internal rate of return, attributable to Mr. Daspin’s ability to negotiate the purchase price of the company’s stock or assets at an average of a 50% discount from the inflated multiples of Wall Street. Mr. Daspin, in retrospect , attributes that many businesses he invested in that failed did so solely because operating senior management did not have the skills, energy, discipline, or abilities, which they represented they had prior to co-investing with Mr. Daspin.

Litigation Disclosure: Not all transactions create positive results for all the parties involved in them and over the past 28 years Mr. Daspin has been involved in approx. 30 litigations including and most recently an ongoing, ten year suit, on appeal with the U.S. Securities and Exchange Commission which was dismissed on June 2nd 2023.

Mr. Daspin has never lost a lawsuit where he has been a defendant in any civil litigation. Mr. Daspin usually participates in litigations as a Pro See and his affiliated corporation(s) as defendants and counter claimants use different law firm(s).

Mr. Daspin believes that all of us from time to time have unfortunately met people without character and anyone who decides to comment on a person’s character online and who does not identify themselves are dishonest and cowardly, therefore should not be listened to or respected (SOUR GRAPES). Mr. Daspin believes in being honest and upfront about his background and litigation bouts as disclosed herein and below, before consulting and/or conducting business with any client.

Felony Conviction Disclosure: Approximately forty-nine years ago, one of Mr. Daspin’s holding corporations, International Transportation Corporation (ITC), located at 400 Park Avenue, NY, NY did a roll up in the highly fragmented transportation industries in the early seventies. ITC acquired 8 transportation companies which combined and on a consolidated basis had over 1,500 teamster union drivers, 1,500 pieces of power equipment and 2,000 tractor trailers. In early 1973, one of ITC’s vendor, a New Jersey based truck leasing corporation, leased 250 tractor trailers to ITC. Subsequent thereto, ITC’s audit disclosed that the truck leasing company had double billed for transportation equipment and Mr. Daspin tried to hold the leased vehicles until the over billing was eliminated. Unfortunately, the truck leasing company filed for bankruptcy, and a federal bankruptcy referee ordered that ITC release the transportation equipment it was using and holding. Pursuant to a judge’s order a trustee was appointed. Mr. Daspin and his partners wanted to protect 250 truck drivers and their jobs, and directed they repaint the vehicles on the road so the trucks would not be repossessed. During that period in time, the truck drivers continued to earn a living. Three years later Mr. Daspin pled guilty to conspiring to conceal the transportation equipment and received six months in federal prison in 1973. Most suits use this felony conviction as an opportunity to try to take advantage in a legal case.

Subsequent thereto, Mr. Daspin built back his life by acquiring over 300 additional corporations for entrepreneurs that operated in many industries throughout the United States and many of which required political support to maximize investment returns by creating new legislature for their corporations. In that regard, Mr. Daspin was involved in many campaigns for senior political candidates, some of whom are pictured below:

Daspin & Co., is interested in investments in emerging and/or profitable companies where the minimum investment required is $25 million +. Contact us to send all business opportunities.