Soave Enterprises Decisive Leadership Model Fosters Success Soave Enterprises sets a distinctive example of hands-on and decisive leadership. Within each of the diverse Soave Enterprises affiliate companies, the leadership and management teams continually implement critical decision-making skills to lead their business in a progressive way to meet the ever-changing needs of their clients. “We’ve had good business instincts,” explains Anthony Soave. He believes the steady growth of the company is linked with his operation’s lean structure and streamlined decision-making processes. Critical decisions are made by a cohesive leadership team at Soave Enterprises without unnecessary procedures. “To be successful you have to have a competent team of people, you have to have good managers and you have to have a good team of leaders,” Soave notes. With those fundamentals in place, “We’ve made approximately 100 acquisitions since 1990, had significant organic growth and reached sales of over $1 billion in past years. Anthony Soave cites another strategic advantage within their organization - being immune from immediate shareholder expectations. “We look at growth with a long-range perspective,” Soave says. “That can make a big difference in your decision-making.” “We begin with a focus on what can be done to become more successful, not on how to maintain the status quo. Consequently, we are prepared for and are comfortable with long range planning horizons, in contrast to the quarter-by-quarter success meter so prevalent in many companies.” Part of that long-range perspective involves strengthening each of the Soave businesses in their various industries. It also includes bringing fresh vitality to new acquisitions through innovative practices with the focus always on the customer’s needs. Since 1998, Soave has maintained a bigger emphasis on real estate development as part of the long-term growth strategy. Trident Properties, Soave’s real estate arm, has developed or invested in subdivisions, high-rise luxury condominiums, office complexes, industrial buildings and other projects in Michigan, Florida, Illinois, Missouri and Virginia. In its most ambitious real estate undertaking so far, the Soave Enterprises real estate division created, in effect, a new city with their $4.5 billion Brambleton development, a master-planned community of more than 2,000 acres near the nation’s capital in Loudoun County, Virginia. Soave provided four public school sites, with a high school and elementary school due to open this year. Residents also have access to day-care centers, a county park with 10 athletic fields and more than 200 acres of natural space with trails. Brambleton is a technology showcase, with all homes, businesses and civic buildings linked via high-speed communication lines as the nation’s first Verizon-enhanced fiber-optic community. “Soave managers are encouraged to take intelligent risks. We are not averse to entering new ventures, approaching each opportunity on a case-by-case basis and assessing risk tolerance with anticipated reward,” says Anthony Soave. “I believe it is these behaviors that have facilitated our success.” About Soave Enterprises Soave Enterprises is a diversified management and investment company founded by Detroit businessman Anthony Soave that provides strategic planning, financial and other management resources to its affiliated business ventures in the real estate, automotive retailing, beer distribution, scrap metal, industrial services and transportation industries, among others. Today,
Soave Enterprises is providing growth capital and other resources to its portfolio of companies, which collectively generate annual sales in excess of $1.5 billion. The Soave investment strategy currently focuses on expansion within existing industries. It brings new vitality to acquired businesses and lays the groundwork for new ventures compatible with its recognized management strengths and ample financial resources. For more information on Anthony Soave and Soave Enterprises, please visit http://www.soave.com. Soave Enterprises 3400 E Lafayette Detroit, MI 48207 313-567-7000 http://www.soave.com