The quiet town of Chevy Chase, Maryland was once home to the known co-owner owner of the Atlanta Hawks Bruce Levenson. Born on October 1st, 1949, he was brought up into a Jewish family in Washington D.C. He later on attended college at Washington University in St. Louis and consecutively from law school at American University. It was while attending the law school that Bruce Levenson started his journalism career at the popular Washington Star. He later relocated to Observer Publishing where he was posted to work as a reporter on the organization’s information newsletter. It was his journalism career that would see him become an influential investor in the newsletter industry for starting and taking possession of already existing companies. The then immature Bruce’s budding global endeavors would spark interests in various sectors such as business intelligence, cooking technology, and professional sports.
In 1977, Bruce Levenson wikipage and his longtime friend Ed Peskowitz established United Communications Group, better known as UCG, in a storage that was underneath his father’s liquor store in Washington D.C. Specializing in Banking, technology, and the oil industry, United Communications Group is a business to business (B2B) information service provider with its headquarters in Gaithersburg, Maryland. At its inception, the company spearheaded the launch of a newsletter named The Oil Express, which provided news and information on the reverberating oil industry at the time. The company’s efforts saw it acquire other similar newsletter companies then.
In 1999, Bruce founded another company named Tech Target that went public in 2003 in which he currently serves as a board member. Additionally, he is also serving as a board member of Community Foundation of Washington D.C., Specialized Information Industry, Electronic Publishers Association Newsletter and the “I Have a Dream Foundation”.
The year 2004 saw the establishment of the Atlanta Spirits LLC., by Bruce and his friend and longtime business partner Ed Peskowitz in which they are majority shareholders. They conjointly owned the Atlanta Hawks basketball team as well as the Philips Arena that the team uses for training. Over and above the many board chairs in different industries, Bruce Levenson also holds a spot on the NBA’s Board of Governors.
Philanthropy has for a long time been the businessman’s active and passionate involvement. He together with his wife Karen has bankrolled plenty of education initiatives that have targeted the disadvantaged youth since the early 1980s. Some of these initiatives like the “I Have a Dream”, PeacePlayers, The Seed School and the “Bringing the Lessons Home” have continued to do exemplary work. This very spirit of philanthropy led the couple to fund the Center for Philanthropy and Non-Profit Management at the University of Maryland. Their contribution efforts have seen the center offer education and empowerment to the next generation of non-profit leaders, as well as providing the necessary knowledge and tools required for them to succeed as heads of the non-profit organizations.