As a Founder, Inventor and CEO, Ed has led a wide range of successful “build to sell” strategies in many industries.
A serial entrepreneur and Inventor, he has developed the technology and strategy for a wide range of products that are now patented in the US and around the world. Ed has built management teams to successfully grow and ultimately sell his enterprises.
As Founder & CEO, Ed developed and executed a plan that grew one of his recent companies from $9 million ($2M EBITDA) to $85 million ($14M EBITDA) in less then three years which led to a strategic sale.
He has developed significant international distribution for existing products resulting in recurring $10 million in annual sales while increasing margins dramatically
- Ed developed distribution model for domestic sales increasing annual distributor sales from $5 million to over $12 million annually
- Ed Funded and developed initial R&D for advanced robotics platform
Ed Dovner started cultivating his entrepreneurial spirit at the tender age of 21 when he became an acclaimed sales agent at Metropolitan Life Insurance Company. He then successfully created a niche market company within gourmet coffee industry and sold his business for a substantial profit. In 1993, Ed launched First Choice Armor & Equipment and grew the company to over $90 million in sales. Again Ed sold the company for a substantial profit in 2010.
Over the past two decades, Ed gravitated into the world of commercial real estate. Ed’s primary focus in commercial real estate has been with the development of single-family house subdivisions and retail strip centers. Since the sale of his first successful company, the establishing and maintaining of his financial relationships has been the center of Ed’s core business. One Ed’s great strengths lies with his network of financial and real estate contacts. This vast network of financial professionals brings added value to Lockwood’s requirement to borrow debt and raise equity. To date, Ed has delivered to Lockwood two significant developers along with a number of financial real estate companies.
Ed has supported charities such as Jewish Family Services and Catholic Charities. Ed has three sons and over the years has coached his son’s sports teams and continues to participate in such sports as golf, skiing and sky diving.