Consultant in Boca Raton, Florida
Milton Barbarosh started his career as a CPA with the accounting firm of KPMG in their Montreal office. After working in the auditing, tax and bankruptcy departments he decided to return to school to focus on the study of finance and economics. He graduated from York University with a Masters in Business Administration with a major in International Economics and Finance. Upon completion of his degree he was hired by Ernst & Young to assist in the launching of a mergers & acquisitions department within the firm's business valuation group. The department was very successful and after a year he was cross trained to perform business valuations and studied through the University of Toronto to obtain his valuation certification as a Chartered Business Valuator, and separately he obtained his certification as a Senior Member of the American Society of Appraisers. Milton Barbarosh was promoted to the level of Manager and after being with Ernst & Young for about four years he was hired away to co-head up the mergers & acquisitions group at the Royal Bank of Canada in their Toronto head office located in downtown Toronto. Mr. Barbarosh shattered his budget in the first year at the Royal Bank of Canada and was a prominent player in the Canadian M&A environment. One of his clients, a very wealthy family based out of Montreal asked if he would relocate to Boca Raton, Florida to take over and turnaround a group of companies they had invested in which was losing approximately $600,000 per month at the time of Milton's taking over operations. He accepted the position and moved to Florida full time in 1986. The group of companies included a New York Stock Exchange Member securities firm and a real estate and brokerage business. There were about 400 employees in the organization and Milton Barbarosh was the CEO of the holding company. He had to get his securities and real estate licenses and became licensed with the NYSE. The turnaround took about three and a half years at which time the company, then renamed JW Charles Group was merged with another brokerage firm. By 1989 Mr. Barbarosh had closed the real estate development company and had sold the real estate brokerage business to the local Better Homes and Gardens franchisee. The remaining securities firm was merged with another securities firm, a transaction handled by Mr. Barbarosh, afterwhich Milton set up his own firm Stenton Leigh Group in 1989.