Professional Jeweler Archive: Kaiser Time Forms Merger Division

April 2002

Timepieces/News


Kaiser Time Forms Merger Division

To focus on mergers, valuations and financial management


Kaiser Time and Friedman Corporate Consultants LLC joined forces to form Kaiser Friedman Acquisition Advisors LLC. The new subsidiary will help the owners of diamond, jewelry and watch companies with mergers, company sales, financial evaluations, crisis management, ownership divestiture and financial-goals management.

“Essentially, we are a boutique investment bank for an industry that has specialized needs and requires a people-oriented approach,” says the company’s Steven Kaiser. “For instance, before any merger takes place, we will make sure the individuals involved have a real chemistry, that they are a good match.”

Kaiser will work with Jack Hendler, managing director of Friedman Corporate Consultants. Hendler has worked with companies in the apparel industry for 30 years.

At Kaiser Time, Kaiser and co-owner Judy Price continue to handle the company’s private branded karat-gold watch business, which they report has expanded quickly since beginning operations last year.

In addition, Kaiser Time hired executive recruiter Michael Abrams to locate and place personnel.

Kaiser Time/KFAA, New York City; (646) 473-1640.

– by Michael Thompson

Copyright © 2002 by Bond Communications