Edward H. Blum BIO - ITPAC
Edward H. Blum is Chairman and Chief Executive Officer of Blum & Co., Inc., a private strategic advisory and investment banking firm providing objective strategic and financial analysis and advice, financing and mergers and acquisitions services (including strategic and financial-investment acquisitions, directed acquisition searches, divestitures, and sales).
Founded in late 1988, Blum & Co., Inc. has served as financial, investment, acquisitions, and sale/divestiture advisor to and arranged financing for a number of U.S. and international businesses and funds. Blum & Co. has also assisted in raising and identified and screened investments for a number of U.S. and international funds, and assisted with financial oversight and improvement - including restructuring and recapitalization - of investments and acquisitions. Blum & Co. has arranged senior and subordinated debt and equity financing for leveraged acquisitions, project financing and corporate recapitalizations, and arranged equity financing for growth companies.
Previously, Mr. Blum was President, Chief Executive Officer, and Managing Director of Maryland National Investment Banking Company, a subsidiary of MNC Financial, then a $23 billion bank holding company. He founded the Company and in less than two years transformed a charter and a concept into a vibrant, profitable investment bank. Indeed, in 1987, the Company's first full year of operation, American Banker ranked Maryland National #8 among all banks in mergers and acquisitions.
For over five years previously, he directed a worldwide specialty energy and technology financing group in the Investment Banking Division of Merrill Lynch Capital Markets, working in both New York and Washington, D.C., and served on the Board of Directors of Merrill Lynch's R& D/Venture Fund. He and his colleagues developed a number of innovative financing techniques that have since become widely accepted.
While with Merrill Lynch, Mr. Blum managed or was a senior participant in more than 40 transactions. These included financings totaling several billion dollars, a range of strategic partnerships between established and emerging companies involving marketing and other alliances, and major mergers and leveraged buyouts. Notably, he was a senior member of the team that represented Gulf Oil in its defense and ultimate $13 billion sale to Chevron, then the largest M& A deal that had ever been done, and managed the $125 million leveraged buyout of a Shell Oil division - one of the first leveraged buyouts to be largely financed with high-yield bonds.
Mr. Blum has served as a senior U.S. Government official, for several years as Director of the Office of Advanced Technology (and, from time to time, acting Deputy Assistant Secretary) for the U.S. Department of Energy. There he held budgetary and policy oversight responsibility for the Department's more than $5 billion annual turnover in technology programs, ranging from improvements in appliances, automobiles, utility operations, and oil and gas recovery to environmental technologies, synthetic fuels, fusion, and advances in nuclear weapons, and led inter-agency taskforces developing Federal policies and programs in alternative and synthetic fuels. He also participated in the Department's technology commercialization activities and in the development and enactment of major energy legislation.
Earlier, he was Vice President for a subsidiary of the Rand Corporation, where he formulated, marketed, negotiated, and managed projects and programs for Federal, state, and local governments and public/private consortia. His work there received major national and international recognition, including awards in management science and technological innovation - the latter for an advance in fire-fighting technology now widely marketed as "Rapid Water."
Previously, he served on the engineering and the public affairs faculties of Princeton University. He also served nine years as a Trustee of the University of Detroit and has served on numerous Federal advisory boards, including seven years as a member of the SERI (now the National Renewable Energy Laboratory) Advisory Board and three years as a founding member of SERI's Technology Commercialization Board.
Dr. Blum serves as Chairman of Fairfax County, VA's Information Technology Policy Advisory Committee.
He served on the Board of Directors and Chaired the Board Audit Committee of Periphonics Corporation, a $175 million sales manufacturer of interactive voice response and other advanced communications systems, from its IPO through its sale for $500 million to Nortel Networks. He currently serves on the Boards of Directors of several growth companies. He has served on the Board of Directors of Thames Water Holdings Incorporated, the U.S. subsidiary of Thames Water PLC, a substantial UK utility now part of RWE. His biography has appeared in editions of Who's Who in Finance and Industry, Who's Who in America, Who's Who in Science & Engineering and Who's Who in the World. He holds degrees in chemical engineering with minors in economics: a B.S. from Carnegie-Mellon University and an M.A. and Ph.D. from Princeton University.