Kropschot Financial Services
Bruce Kropschot is one of the first asked to join the advisory board and he has been active since September 6, 2000. He was named Leasing Person of the Year for 2015.
Bruce Kropschot has been active in the equipment leasing industry since 1972 and has been a senior executive of three large leasing companies. In 1986 he founded Kropschot Financial Services, a firm he developed into the leading provider of merger and acquisition advisory services for equipment leasing companies. In 2008 Kropschot Financial Services became a part of The Alta Group, the leading worldwide consulting firm for the leasing industry. Bruce formed Alta’s M&A advisory practice, which also arranges debt and equity capital and provides valuation services for leasing companies. He has played a major role representing sellers or buyers in the sale of over 200 equipment leasing and financing companies.
After 51 years in the equipment leasing industry, Bruce still is active, although he has been happy to turn over much of his workload to his successor at The Alta Group, Jim Jackson. Bruce says that his business is his favorite hobby, and he continues to keep his fingers in the business even while pursuing retirement. When asked what have been the keys to his success, he stated, “Obviously a thorough knowledge of many types of leasing companies is essential in the M&A advisory business. However, of utmost importance is maintaining the highest level of integrity. The Alta Group’s reputation depends upon always treating as confidential any information we receive in confidence from potential buyers and sellers of leasing companies.”
Bruce has served on the Board of Directors of the Equipment Leasing and Finance Association, the Equipment Leasing and Finance Foundation, Eastern Association of Equipment Lessors, United Association of Equipment Leasing and International Network of Merger & Acquisition Partners. He has served on the Leasing News Advisory Board since 2000, and he also served on the alumni advisory board of the Ross School of Business at the University of Michigan. He has BBA and MBA degrees (with honors) in Accounting and Finance from the University of Michigan and is a CPA.
Bruce’s favorite recreational activity has long been skiing. After knee problems curtailed his ski trips, Bruce and his wife Barbara traveled extensively throughout the world. They visited all 7 continents and nearly 100 countries. Although recently becoming a widower, Bruce intends to continue his world travels. In his spare time, he enjoys watching NHL hockey games and following the University of Michigan athletic teams.