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UCG Founding Father Bruce Levenson

January 19, 2015 - Author: steph - No Comments

Mr. Bruce Levenson co-founded United Communications Group (UCG),in 1977, under humble circumstances. UCG was established, not in a board room, but in his apartment with Ed Peskowitz. The home base of the company is still located in Maryland.

The first project for the company was in publishing. UCG began publishing Oil Express, a newsletter regarding current oil industry developments out of the apartment of Bruce Levenson. As the company grew, databases were created and launched, this would include the OPIS, Oil Price Information Services, database.

UCG has made it’s mark in the business world for specializing in the fields of data and news, analysis for the healthcare industry, technology, and other varied industries. The recently developed mobile application, Gas Buddy, which advises drivers where to find low cost gas prices in their neighborhood is also owned by UCG. The Gas Buddy app is very popular with over 10 million downloads. Currently, Bruce Levenson is involved in the development of UCG’s acquisition and strategy projects as a partner with the company.

Other Business Interests

Bruce Levenson’s other business interests include partnering with the Atlanta Spirit LLC group. Atlanta Spirit LLC was created in 2004 in order to purchase the Atlanta based basketball team, Atlanta Hawks, from Ted Turner, owner of Turner Broadcasting. After the purchase of the Atlanta Hawks, the Atlanta Spirit LLC group changed the name to Atlanta Hawks LLC. The Atlanta Hawks franchise is estimated to be worth approximately $800 million dollars.

The Atlanta Hawks LLC is composed of various businessmen, however, Bruce Levenson is one of the majority partners and plays a major role in managing the Atlanta Hawks team. Mr. Levenson also has a seat on the Board of Governors for the NBA. As another major acquisition, Bruce Levenson and the Atlanta Hawks LLC, also acquired operating rights to the premier entertainment and sports venue in the city of Atlanta, the renowned Philips Arena.

Categories: Interesting

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