Why Mark
Too often, businesses wait to call their lawyers until after the material terms of the transaction are agreed to, after the handshake, and after the letter of intent. Calls to legal counsel always seem to be reactive, never proactive. Businesses have literally signed away hundreds of thousands, if not millions, of dollars, agreeing to a term sheet just because they balked at calling a lawyer earlier and starting “the meter” of hourly charges.
Why?
Because lawyers bill by the hour, and every call, every email, and every consultation comes with a bill.
The tension created by this approach keeps business owners from getting the advice they need when they need it and robs executives of timely suggestions that can add great value at exactly the right time. What a tragic result.
The reality is that most of an advisor’s value comes when he is by your side early on, negotiating and structuring deals that maximize value and lower your costs, liabilities, and taxes or along the way as he helps your business grow and become more efficient and productive.
There should be no barrier or no stopwatch between a trusted business adviser and a business.
Mark eliminates these unnecessary barriers to progress by working with clients to agree upon a reasonable monthly retainer that clients can budget for, rely on, and appreciate based on the business value that Mark creates. Once the fee is set, there are no obstacles keeping meaningful interaction from occurring. Call him as often as you please and allow him to stay involved and deliver value at every step of the journey. The meter will NOT be running.
Our Team
Mark Krohn, Esq.
Chairman
Commitment, passion, creativity, an aversion to the word “no” and an ardent desire to help people and families achieve their dreams are the core values that define Mark personally, professionally, and philanthropically.
In addition to his leadership at Prevail Transaction Advisory Partners, Mark also serves as General Counsel to various family offices, helping them acquire and sell businesses, make strategic investments and chart a plan for growth and success.
Having successfully led companies of diverse scales, ranging from start-ups to those boasting revenues of up to $155 million annually, Mark possesses expertise in strategizing, orchestrating operations, and nurturing growth from inception to divestiture. As a result, companies utilizing Mark have consistently been recognized for growth, achievement, and excellence, including receiving Crain’s Cleveland Business Fast 50 Award, The Weatherhead 100, the Greater Akron Chamber’s Excellence in Business Award, Cascade Capital’s Growth Award, and numerous others.
Mark’s dedication to families and the communities in which they live doesn’t stop at growing their businesses, as Mark also has a history of volunteering. His volunteer efforts have resulted in recognitions such as The Greater Akron Chamber’s Thirty for the Future Award, the YMCA Volunteer of the Year Award (twice), Leadership Akron’s Distinguished Leader/Innovator Award, and The United Way of Summit County Young Philanthropist of the Year Award. Other distinguished accolades include The Rotary Club of Akron’s Ambassador of Service Award, The Sales and Marketing Executives International Distinguished Sales and Marketing Award, and Inside Business’ Top 100 Emerging Power List.
Beyond his career and philanthropic endeavors, Mark cherishes his wife, Lori, and their three children: Alexandria, Nicole, and Noelle. His wife shared that his children chant Mark’s Mantra, “Vision, Focus + Execution” daily.
Mark’s dedication to his principles and his genuine commitment to uplifting others make him a sought-after mentor and problem solver. People trust him to take advantage of their most promising opportunities and conquer their most challenging obstacles—knowing that his abilities and compassionate nature will lead them to success.
Paige Freel, MBA
Office Manager
Paige is a driven and dedicated professional with a passion for supporting and collaborating with businesses. Growing up in a family that owned a local business, she developed a profound connection to the success of small and medium-sized enterprises, especially family-owned companies. Witnessing firsthand the relentless dedication and hard work required to grow and scale a family-owned business has fueled her commitment to contribute to their growth and ability to monetize their life’s work.
Her journey as a four-year collegiate athlete at the University of Mount Union, where she earned her BA, further solidified her qualities of discipline, teamwork, grit, and success. Building on that foundation, Paige pursued her MBA at The University of Akron, further enhancing her skills and knowledge, which she now utilizes to drive maximum value for the clients she represents.
Paige formerly was the Senior Manager of Projects and Initiatives with the Greater Akron Chamber of Commerce, where she embraced a range of roles—including government affairs, economic development, marketing, and project management. These diverse roles and experiences helped her build invaluable insights into the challenges and opportunities faced by businesses of all sizes and how best to take advantage of them.
Currently residing in Cleveland with her fiancé Anna and her fur baby (dog) Ellie, Paige embodies the essence of a Midwest native; hardworking, creative, successful, and adaptable, especially when it comes to adapting her hobbies to the changing seasons. You can find her at any of the Cleveland Guardian’s ‘Dollar Dog Nights’ in the summer, camping in the spring and fall, or skiing in the winter.
Paige’s unique blend of education, experience, and passion makes her an exceptional advocate for businesses and a true asset to any endeavor she embarks upon.