Bruce Levenson is both a sports enthusiast and a well-known philanthropist. He has a long career in business including his time as President and CEO of Unified Communications Group (UCG), and later his time as majority owner of the NBA’s Atlanta Hawks. He recently sold the Hawks to Tony Ressler and Company, a major deal worth $730 million, but in the aftermath he and several other Hawks owners became involved in a settlement regarding the termination of former General Manager Danny Ferry. Ferry had filed a claim with the Hawks former insurance company, AIG and Levenson and the rest of the Hawks owners decided to buyout Ferry’s contract. But AIG has not paid any compensation to Ferry that his attorneys say they are obligated to pay. Levenson and the other former owners are taking AIG to court.
Levenson founded UCG in 1977 along with Ed Peskowitz. The company began with Oil Express, a newsletter that Levenson and Peskowitz published out of their own apartment, and then grew to become a major industry media conglomerate. It is the parent company to the GasBuddy app as well technology marketing research firm TechTarget. Levenson is also on the Board of Directors of private equity and investment company BIA Digital Partners. Levenson first became an NBA owner in 2004 when he formed a coalition of owners at Atlanta Spirit, LLC and purchased the Hawks in addition to their arena and the NHL’s Atlanta Thrashers.
Bruce Levenson has started several non-profit groups and served as president for several including the University of Maryland’s Center for Philanthropy (http://www.prnewswire.com/news-releases/undergrads-and-graduate-students-mastering-philanthropy-300038081.html) and Non-Profit Leadership. He was also instrumental in establishing Hoop Dreams, a youth basketball tournament whose proceeds went to fund scholarship programs. He also is heavily involved at the Holocaust Memorial Musuem where he sponsors the “Bringing the Lessons Home” program.
For more info, visit brucelevenson.com.