Get to Know about Bruce Levenson’s and His Investment in 3 Minutes

Bruce Levenson was born in October 1949 in Washington DC. He is a businessman, philanthropist and he previously owned an NBA team. Bruce served as a governor for the Hawks from 2004. He is married to Karen Boyarsky with whom he has three children.

Atlanta Hawks

Atlanta Hawks LLC, formerly Atlanta Spirit LLC, was formed in the year 2004 so as to buy them from Turner Broadcasting. The then majority co-owners, Bruce and Peskowitz also included the Atlanta Thrashers but later sold it in 2011.

In late 2014 Bruce declared his intentions to sell his ownership shares and organized the sale with assistance from the investment firm. His ownership came to an end in April 2015 after his shares and rights to operate were bought by Tony Ressler. http://www.espn.com/nba/story/_/id/11493472/jason-whitlock-bruce-levenson-atlanta-hawks

United Communications Group

In 1977 Bruce Levenson, alongside Ed Peskowitz, formed the United Communications Group (UCG) their first publication was Oil Express a newsletter that focused on growth in the oil business. In time, they launched databases such as OPS (Oil Price Information), acquired more newsletters.

Presently, the company specializes in analyses, data, and news for sectors such as mortgage banking, technology, energy and many more sectors.

UCG also operates and owns Gasbuddy an application that assists drivers school to locate local gas stations with low prices.

Bruce Levenson Philanthropic Works

Bruce has been involved in different philanthropic and charitable organizations. According to PR News, one is the funding of University of Maryland. The purpose of the initiative is to expose undergraduates in the university to volunteer work and non-profit initiatives.

Levenson and his spouse introduced their agenda to the University and funded the $75M initiative. Maryland’s State boosted them with an impressive $20M.

The primary goals of the Institute are:

  • Educate students and motivate them to give back
  • Train non-profit leaders of the next generation

The initiative has seen much success in their goal to create non-profit entrepreneurs such as the co-founder of FRN (Food Recovery Network), Ben Simon.

Mr. Simon has gone ahead and started Imperfect Produce which helps consumers access generate seen unfit for sale at high discounts aimed at reducing waste.

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