Seidman student team takes top award at ACG Cup
Business competition event is one of the largest of its kind in North America
A team from Grand Valley’s Seidman Investment Portfolio Student Organization (IPO) took top honors at the Association for Corporate Growth’s annual ACG Cup on February 25.
The intercollegiate business case competition, which was held in the L. William Seidman Center at the Pew Grand Rapids campus, included 25 teams from 13 colleges and universities in Michigan, Minnesota and New York. The event is one of the largest of its kind in North America.
During the competition, students analyzed business cases and presented strategies involving merger and acquisition alternatives, valuation, capital markets, finance options and corporate strategy. The simulation is designed to provide real-world, hands-on experience in mergers and acquisitions.
“We are so grateful for this opportunity to participate and take first place in such a phenomenal competition,” a team-issued statement said. “Thank you to Grand Valley's Seidman College of Business, and Seidman Investment Portfolio Organization and all the opportunities they have provided us!"
The team, which calls itself “Penny Wise,” consists of GVSU students Ryan Gilmore, Theodore Rounds, Justin Quinn, Griffin Jacques and Justin Farrish.
The team took home a cash prize of $8,000 and received the chance to have a dinner or professional meeting with a competition sponsor.