Inheritance Capital Group Named by Black Enterprise One of "20 Most Successful Black Companies to Watch in 2011"
Detroit-based Minority Certified Private Equity Firm establishes itself as a top corporation in unsteady economic climate making BE 100's Freshman Class
DETROIT, July 21, 2011
DETROIT, July 21, 2011 /PRNewswire/ — Annually, Black Enterprise handpicks thriving businesses to put on its "BE 100's List". The reputable roster notes the most prosperous and promising African American companies across the nation on what the magazine calls its 'Freshman Class' list. Detroit-based Minority Certified Private Equity firm Inheritance Capital Group (ICG) established itself as a top corporation in this unsteady economic climate and earned a spot on the coveted list as well as being ranked one of the country's largest black businesses. Of Black Enterprise's "20 Most Successful Black Companies to Watch in 2011" there is one auto dealer and two financial service institutions. The other 17 are industrial/service companies providing services in construction, energy, supply chain, food services, commercial transportation, IT, packaging, product manufacturing, and medical supply.
Today's economy can sometimes be unpredictable and unyielding yet, Inheritance Capital Group and the other BE 'Freshman Class' companies have managed to stay on top of their markets and even grow significantly. With the involvement of Adrienne Lance Lucas, Chief Operating Officer, Inheritance Capital Group's CEO, Robert Shumake can witness, "it is critical to have a vigilant and capable team to drive you toward success." When the markets went down, these companies showed up and demonstrated what they were really capable of accomplishing. Only 20 black-owned businesses made the cut for this year's BE "Freshman Class", ICG is honored to be lauded among them.
Focusing on real estate investment and development, Inheritance Capital Group was founded in 2006 by Robert S. Shumake. The company specializes in single tenant net lease real estate, and manages nearly 3 million square feet, and includes a $200 million real estate portfolio. The firm is the only minority-owned enterprise in the country certified by the Minority Business Development Council to buy and sell back corporate sale leases.
Shumake's personal endeavors include being a member of the Charles H. Wright Museum of African American History, located in Detroit, MI and serving on the board of the Detroit Music Hall. He is an active culturist, specializing in political and educational fundraising strategies. One of his most noted philanthropic events is the Robert S. Shumake Scholarship Relays which hosts the largest private track and field meet in Michigan showcasing the academic and athletic abilities of over 7,500 youth while providing close to $70,000 in scholarships since its inception in 2005.
The proud Motor City native authored For Entrepreneurs Who Considered Suicide When Business Got Tough! for individuals looking to achieve their entrepreneurial and financial dreams. The book offers tons of helpful advice based on his own experiences. Additionally Shumake co-hosts a national radio show with Reverend Al Sharpton; 40/40 Power Hour: 40 Acres Not 40 Ounces, as well as local radio and television programs in the Detroit area.
Inheritance Capital Group is a working milestone that Mr. Shumake can boast among his ever-growing list of accomplishments. Being featured on Black Enterprise's 100s list with other top Black-owned institutions is a great honor and a privilege. This company is a true example of what perseverance really means.
SOURCE Inheritance Capital Group