ABG Capital Experiencing Unprecedented Growth

ABG Capital, a privately held business management company that provides back office services to its portfolio companies, had a stellar 3rd quarter and is on pace to have a record year for 2012.

ABG Capital

ABG Capital

“With the close of the 3rd quarter, all four of ABG Capital’s portfolio companies have contributed to one our best quarters ever. Revenues are up 13% and profits are up 25% from the 1st quarter,” stated Jeff Tapolci, CEO of ABG Capital.

VoIP Innovations, ABG Capital’s largest investment, is a wholesale provider of Voice-over-IP telephone services. This company is well on its way to achieving its goal of being the industry’s largest wholesale provider of North American origination and termination.

“This company is where we are seeing tremendous growth,” said Tapolci. “In an aggressive market such as telecommunications, VoIP Innovations has not only been able to contend with their competitors, but are among the leaders of their industry.”

GlobalPOPs, the industry’s largest aggregator of dial-up internet services, continues to actively acquire wholesale dial traffic, as well as end-users through its End User Services (EUS) nameplate. Though the world of dial-up interest service is consistently shrinking, GlobalPOPs and EUS are positioning themselves to be in the dial-up internet market for years.

Finally, Inspira, ABG Capital’s most recent venture, has been self-sufficient for two quarters now. Their role has been determined in their market and Inspira’s focus since the spring has been to bring on new clients. “We are continuing to sign up larger clients,” stated Tapolci. “We now know there is a market for our comprehensive IRA rollover and retirement plan termination services.”

With the fourth quarter being consumed by the election and holiday seasons, having three great quarters completed this year gives ABG Capital the momentum needed to successfully move through the rest of the year. Closing out 2012 in the way that they anticipate will allow them to start 2013 ahead of plan, which will make their shareholders happy. If 2013 is anything like what we saw in 2012, look out.

“We’re extremely proud of our success, but most of the success can be credited to the team we have in place,” said Tapolci. “It’s not every day that you can have profitable companies and keep the fun, family atmosphere that we have, especially to the point where you’re named one of the best places to work in the state. We’ve been blessed, that’s for sure.”

About ABG Capital: Located in Pittsburgh, PA, ABG Capital leverages its unique business management model to reduce costs through the consolidation of back office operations for its portfolio companies. By consolidating services like accounting, legal, IT, software development, employee administration and HR, we are able to eliminate redundancy among, increase efficiency and be very nimble to the changes that occur in the market.

ABG Capital Among Best Places to Work in Western PA

ABG Capital was recently ranked 41st on the Pittsburgh Business Times list of 2012 Best Places to Work in Western Pennsylvania.  This list ranks 96 Pittsburgh-area workplaces.  Since 2005, ABG Capital has been honored for this recognition six times.

ABG Capital

ABG Capital

“We make a point to foster a family atmosphere here, and to know our employees feel the same way is extremely gratifying,” stated Jeff Tapolci, CEO of ABG Capital.

ABG Capital prides itself on creating a positive work culture for its employees.  To ensure success, the company abides by their mission, which is to cultivate ideas and people through C.O.R.E. (Cultivate, Overcome, Respect, and Evolve) Values for the purpose of giving back. Additionally, the ABG Capital staff participate in many team activities to help keep employees engaged.

The basis of ABG Capital’s mission statement is their C.O.R.E. Values.  To Cultivate, they encourage and support a healthy life balance for each employee.  They Overcome obstacles by combining passion and perseverance to achieve success.  They believe that Respect is achieved by earning mutual trust and exhibiting reliability. They encourage each employee to Evolve by embracing the ability to adapt and innovate.

Additionally, ABG Capital values giving back to their community.  Every quarter, they have an opportunity to donate time to a community service activity.  This past May, they spent an afternoon at the National Cemetery of the Alleghenies, where they cleaned headstones of the entire grounds.  Next month, the staff will volunteer their time at the Greater Pittsburgh Community Food Bank.

Lastly, ABG Capital believes in keeping morale high and enhancing a team environment by featuring a variety of activities.  Some of their favorite opportunities to gather as a group include their annual softball and flag football games.  Last Friday, they celebrated their recognition of being one of the region’s best places to work by hosting a wine and cheese event for all employees to partake in.

Looking ahead, ABG Capital will continue to focus on people and culture, which will allow them to create a work environment in which both business and individuals thrive.  They hope to continue their trend of being named one of the region’s best places to work in the future.  To learn more about ABG Capital, please visit http://www.abgcapital.com

ABG Capital Welcomes New Employee

ABG Capital

ABG Capital

On Monday, September 17, ABG Capital welcomed Sara Warhold as their new Office Administrator.  Sara joins ABG Capital’s expanding team from The Children’s Home of Pittsburgh and Lemieux Family Center where she served as their Adoption Administrative Coordinator.  Sara lives in Castle Shannon with her husband, Bradley, and 7 year old son, Max.  She enjoys running, riding horses, and watching Max play ice hockey.  Sara will be located at the front desk supporting ABG Capital Corporate and all its Portfolio Companies.Welcome to the ABG Capital family, Sara!

ABG Capital Welcomes New Employees to its Portfolio Companies

VoIP Innovations recently hired two new members to their expanding team.

Justin Cornish started with VoIP Innovations on September 1st as our Technical Support Representative.  Justin is currently a full-time student at ITT Technical Institute pursuing an Associate’s Degree in Specialized Technology/Software Applications Programming. As a Lance Corporal in the U.S. Marine Corps Reserve, Military Policy Company Bravo located in North Versailles, Justin stills finds time for camping with his wife of two years, Amy, mountain biking, billiards, video games.  Justin recently returned home from a combat tour in Afghanistan where he was in a security platoon for logistical convoy operations.  While there, he was in charge of defending Local Nationals, a large armored truck, his driver and his gunner from enemies.

Michael Mills started on September 4th as our Provisioning Representative.  Michael joins us from Express Pros (ServiceLink) as their Scheduling Team Member and Order Entry Analyst.  Prior to Express Pros, Michael worked as a help desk support analyst with Lantek in Carnegie.  He recently moved to Imperial with his wife, Jamie, and his two cats.  Michael’s interests include, IT, Chess, X-box, football, and cars.

Another aspiring ABG Capital portfolio company, InspiraFS, also recently expanded.

Jeff Linkowski is a sales agent that will be working with the InspiraFS team marketing their solutions to TPAs, recordkeepers and advisors.  Jeff is a veteran of the employee benefits industry and brings a great deal of sales expertise to the organization.

Welcome Justin, Michael, and Jeff to our ABG Capital family.

ABG Capital Anticipates More Growth Through the Next Quarter

ABG CapitalAs the summer draws to a close, ABG Capital’s business continues to flourish. Of its portfolio companies, VoIP Innovations has experienced the most growth, to the point where it was recently recognized both regionally and nationally as a company to watch in the Wholesale VoIP arena.

Locally, VoIP Innovations placed 12th overall and 2nd in technology in the Pittsburgh Business Times’ Pittsburgh 100 list of fastest growing companies. Nationally, VoIP Innovations was ranked 744th on the prestigious Inc. 500|5000 list of the nation’s fastest growing businesses, published annually by Inc. magazine.

As a result of its exponential growth, VoIP Innovations is looking to bring on new employees. Currently, they are hiring Technical Service Representatives for their Support Department and Provisioning Representatives for their Porting Department.

InspiraFS, another ABG Capital company, provides comprehensive IRA Rollover solutions to Retirement Industry Professionals. Look for a few exciting announcements from InspiraFS this fall as it anticipates similar growth for the rest of 2012 and beyond. In advance of that expected growth, InspiraFS is looking to hire additional Customer Service Representatives.

With so much growth among its portfolio companies, the executive core at ABG Capital is also looking to expand. ABG Capital is currently seeking an Accounting Assistant and an Office Administrator to add to its family of employees. ABG Capital continues to focus on people and culture, which allows it to create a work environment in which both businesses and individuals thrive.

Its efforts have not gone unnoticed, as ABG Capital was recognized by the Pittsburgh Business Times as one of the Best Places to Work in Western Pennsylvania for the 6th time in 8 years. Additionally, ABG Capital was notified that they also made the list for Best Places to Work in Pennsylvania for the 5th time in 7 years. The rankings for both of these awards will be announced later this year.

“This is great recognition for ABG Capital,” said Jeff Tapolci, CEO. “We focus on creating an atmosphere around great people, and to know that our employees feel the same way is extremely gratifying.”

Located in Pittsburgh, PA, ABG Capital leverages its unique business management model to reduce costs through the consolidation of back office operations for its portfolio companies. This summer marked ABG Capital’s 20th year in business. To learn more about ABG Capital, please visit them at http://www.abgcapital.com.