Glenoe Associates

Jeffrey Ross, Managing Partner of Glenoe Associates LLC, has extensive personal experience as a principal in buying and selling of companies. With a focus on corporate restructuring and managed revenue growth - Jeffrey led the reorganization and building of three medium-sized corporations in retailing and retirement services, installing management... teams and strategies for significant revenue growth. Major accomplishments include: Grew revenue from $14.8M to $31M in two years for a pet store group Grew revenue from $7.4M to $60M in seventeen years for a drug store chain Restructured an assisted living corporation with a strategy for expansion nationwide, planning the opening of up to 20 assisted living projects Starting in 1975, Ross served as president, CEO and owner of Stoughton-based Thayer Pharmacies for 20 years, turning it into a $60 million business with 31 stores and 600 employees. He sold the successful retail drugstore chain to CVS in 1992. Three years later, as President and Chief Operating Officer, he transformed Canton-based Pet Supply Depot from a "failing late-state startup" to a 17-store chain with $31 million in revenue. Jeffrey negotiated a successful sale for top dollar to a major industry player. From 1989 to 1992, Ross was a founding investor and member of the Board of Advisors of Boston Market (formerly Boston Chicken). In 1997, he took on the role of President and Chief Executive Officer of Hearthstone Assisted Living, Inc., based in Houston, TX, where he rebuilt the corporate leadership and fined tuned the strategic plan for national expansion. During his tenure there, he opened four facilities and placed fourteen others under construction. Leveraging Ross' extensive corporate management and turnaround experience, the firm focuses on a relatively small and select group of midsize businesses in the $10 million to $200 million range. The firm assists businesses in strategic planning, obtaining new bank financing or pursuing a possible sale of assets. He is often called upon to create a ...Read More