2011 Hall of Fame : Mike Panaggio - An Entrepreneur at Heart
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Erik Cagle
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In 2007, Southeast Toyota bought a 49.9 percent share in DME Automotive. Today, the automotive operation boasts more than 4,000 accounts. Between selling half of DME Automotive and all of RME, Panaggio cleared $54 million. But, he had exited his two most profitable verticals in the process, making him a king without a country. Instead of big fish verticals, Panaggio ventured into sports marketing and buying, in whole or parcel, small companies (like Rocket Life).
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- Companies:
- Xerox Corp.
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Erik Cagle
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