In 2003, distinguished leaders in the business brokerage, intermediary and merger and acquisition profession met to create the Business Intermediary Education Foundation (BIEF) to advance and promote the profession.

The vision was to create a non-profit foundation capable of advancing and promoting the profession. Key concepts were to embrace the profession’s international aspects, be inclusive across the deal makers’ spectrum, outreach to other professional organizations, and create heightened awareness and understanding among the public, other business advisors, owners, buyers and sellers. Advancement and promotion are to be based on information, understanding, cooperation and education.