Bruce Levenson, the businessman and NBA team owner

Bruce Levenson was born to a Jewish family. He grew up in Chevy Chase, Maryland. Later on, he attended college at Washington University in St. Louis. He then proceeded to law school at the American University where he graduated. Bruce also pursued a career in journalism while in law school with the Washington Star. In the year 1977, Bruce, along with Ed Peskowitz co-founded United Communications Group. The company was started in Levenson’s apartment. They then went on to publish a newspaper called, Oil Express, which focused on the developments in the oil industry. UCG is a private information company and it specializes in data, new, healthcare analysis, energy, mortgage banking, telecommunications, technology, just to name a few. UCG also owns and operates Gas Buddy.

In the year 2004, Levenson and Pestowitz became partners of the Atlanta Hawks LLC. They are a group of businessmen who collectively own the Atlanta Hawks professional basketball team. The purchase also initially included the NHL team called the Atlanta Thrashers which was later sold in the year 2011. Levenson was the team’s managing partner and also a member of the NBA board of governors. In 2012, Levenson then hired Danny Ferry, who previously played for the Cleveland Cavaliers, then later became the Cavaliers general manager and later the vice president of operations for the San Antonio Spurs. Levenson hired Danny as the Hawks general manager.

In 2014, Levenson, his wife, and Irene Boyarsky, his mother in law, accompanied the basketball team and staff to the U.S Holocaust Museum in Washington D.C. Irene Boyarsky, happened to be a holocaust survivor. Levenson then told the team about the things that Irene had experienced during the time of the holocaust. Along with his many activities and engagements, Levenson is also a great philanthropist. He is one of the founding donors of the U.S. Holocaust Museum, which teaches inner city children the lessons of the holocaust, and trains them as tour guides. He is also a participant in other philanthropic organizations such as the Community Foundation of Washington, D.C. and Hoop Dream Foundation.

Later on in 2014, Levenson announced his plans to sell his share of the ownership group of the Atlanta Hawks. Several months later the remaining owners agreed to sell their share of the franchise. In April of 2015, the sale of the Atlanta Hawks was led by billionaire equity and investment fund manager, Anthony Ressler. Ressler’s group included, former NBA player, Grant Hill, Jesse Itzler, the co-founder of Marquis Jet, Michael Gearon Jr., and other investors. The Atlanta Hawks sold for $850 million.

In conclusion, Bruce Levenson, businessman and NBA team owner has made a great impact in society.  He and his wife, Karen, own homes in Atlanta, as well as in Potomac, Maryland. They have three sons.

One thought on “Bruce Levenson, the businessman and NBA team owner

  1. Gas Buddy happens to be a mobile application which assists drivers in finding local gas prices. His philanthropy has improved a lot of lives and created many opportunities for the less privileged. I think that would understand what it means to create many opportunities for others too.

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