Who is Bob Conconi?
Bob Conconi is the founder of the Conconi Group, active in real estate and private equity. In 1989 Conconi co-founded the Canadian Securities Registration Systems or CSRS.
CSRS was active in the outsourced registration and search industry. The company provided customized outsourced business solutions to businesses and governments across North America.
With 3,900 employees, the company provided consumer and student loan administration services, registration and search services, credit card and loyalty card applications processing medical and dental insurance claims processing, call centre and customer support, marketing and promotional support and supply chain management and fulfillment services.
CSRS’s customer base included financial institutions and auto acceptance and leasing companies in Canada.
CSRS was later renamed Resolve Corporation. In 2006 Resolve went public, raising CAD$ 225 million. Prior to the IPO, the company realized revenues of CAD 200 million with net profits of around CAD$ 7 million.
In 2009 Resolve was acquired by David and Henderson for CAD 3.80 per unit. Conconi still owned 6.000.000 ‘units’ at that moment, netting him CAD$ 24 million.
Bob Conconi Net Worth
We estimate his net worth at more than $200 million.
Bob Conconi is an active philanthropist, through his Robert L Conconi Foundation.
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