Abstract Industries: A Journey from Legal Counsel to $5.3M Exit 

The Rise of John D. Colaiacovo: Paralegal to CEO 

A decade of evolution and executive leadership. 

My journey at Abstract Industries began in the legal department, where I served as a paralegal before advancing to In-House Counsel. My deep understanding of corporate law and asset protection led to my promotion as Senior Vice President and Chief Legal Officer.

When the sitting CEO, Kevin Wessel, faced a sudden medical challenge, I was asked to step into the breach. During this transition, I proved that legal expertise and business development go hand-in-hand. I successfully navigated the firm through complex market shifts, eventually being named Chairman and CEO of the organization.

Dominating the VoIP and Auto-Attendant Sectors 

Strategic deals that defined an industry. 

As Chairman, I focused on high-growth technology sectors. I personally spearheaded and closed several transformative deals with auto-attendant corporations and VoIP companies, positioning Abstract Industries as a leader in automated business communications.

• Infrastructure Growth: Scaling our technological footprint to meet the demands of a digital-first economy.

• Strategic Partnerships: Negotiating complex agreements that increased the firm’s valuation and market authority.

• Operational Excellence: Modernizing the firm’s service delivery to outpace traditional competitors.

The $5.3 Million Exit to CompaniesInc 

Building a brand worth a premium buyout. 

My time at Abstract Industries culminated in a landmark success. Shortly after being retained by Accolade Global as their CEO, I successfully facilitated the sale of Abstract Industries to CompaniesInc for a staggering $5.3 Million.

• The Valuation: Achieving a premium price through meticulous due diligence and brand positioning.

• The Transition: Ensuring a seamless handover to CompaniesInc, allowing the core innovations of Abstract Industries to continue under new global ownership.

• The Legacy: This exit remains a cornerstone of my career, proving that with the right legal and digital foundation, any business can achieve extraordinary results.

Note: Abstract Industries was purchased by CompaniesInc in a transaction valued at $5.3 Million. John D. Colaiacovo no longer holds active ties to the organization, and this page serves as a record of his executive leadership and the firm’s successful exit.