CLEARWATER – Murphy Business & Financial Corporation, a full-service business brokerage firm based in Clearwater, recently announced the appointment of Tom Coba as its new CEO.
In this role, Coba, who has 30-plus years of franchise industry experience with the majority of them in top executive roles, leads MB&FC’s strategic growth, franchisee support, marketing programs and development of brokerage services.
The move comes three months following the passing of Roger Murphy, founder, president and CEO of MB&FC, and a pioneering force in the business brokerage industry. Coba is carrying on the company’s rich tradition in the brokerage field.
“This was an incredibly important decision, and we couldn’t have made a more solid choice for the role of CEO,” said Mason Myers in a press release. Myers is acting CEO and principal of Greybull Stewardship, which first invested in MB&FC in 2014 and is now the majority owner of the company. “Tom’s experience in leading, building excellent organizations to serve franchisees, and creating significant value in franchise brands is an asset to the MB&FC family and we’re excited about what the future holds for us.”
Coba has consulted with a collection of mid-size franchise brands advising them on strategic growth through the development of company leadership, strategy, and capital investments. This included structuring mergers and acquisitions and consistently assessing key business valuation metrics.
Previously, Coba also held key leadership roles in growing global and national category leading franchise brands on a variety of levels, including mergers and acquisitions. Most notably, Coba was president and CEO of ServiceMaster Franchise Services Group, which included five nationally recognizable brands in commercial and residential services.
Clearwater-based Murphy Business & Financial Corporation LLC is a full-service business brokerage firm facilitating business sales, purchases, consulting, valuations, mergers and acquisitions.