In 2003, distinguished leaders in the business brokerage, intermediary and merger and acquisition profession met to create the Business Intermediary Education Foundation (BIEF) to advance and promote the profession. Each of the founding group has served as an officer and director of the International Business Brokers Association (IBBA) and was especially mindful of the Association’s critical need to devote its resources into member programs consistent with its charter, its commitments to conferences and to Certified Business Intermediary (CBI) and Merger and Acquisition Master Intermediary (M&AMI) programs.
The vision was to create a non-profit foundation capable of advancing and promoting the profession beyond IBBA’s scope and charter. Key concepts were to embrace the profession’s international aspects, be inclusive across the deal makers’ spectrum, outreach to other professional organizations, and create heightened awareness and understanding among the public, other business advisors, owners, buyers and sellers. Advancement and promotion are to be based on information, understanding, cooperation and education.