Transition Consulting Group (TCG) is a family owned business led by father-son team Paul & David Karofsky. Both offer decades of first-hand and professional experience in Family Business Planning consulting, coaching, mentoring, and leadership. TCG associates include qualified practitioners with expertise in varying specialized areas.

Paul Karofsky, Founder/CEO and Father
 Paul Karofsky is a graduate of Bowdoin College and Harvard Business School’s OPM Program.  After 22 years, mostly as third generation CEO in his family’s distribution business, he sold the company and earned his Ed.M. from Harvard University focused on the psychosocial lives of families and intergenerational relationships.  He is Executive Director Emeritus of Northeastern University’s Center for Family Business where he facilitates the Center’s Leadership Development Forum.  Paul is a member of the Board of Directors of the Family Firm Institute and holds a Certificate in Family Business Advising with Fellow Status.  He is a recipient of the Institute’s Hollander Award and a member of the faculty of FFI’s Certificate Program.  Also trained as a mediator, Paul was a peer reviewer for Harvard University Press, a monthly columnist for BusinessWeek Online and Case Study Editor of Nation’s Business and Families in Business.  Married for forty-three years, he and his wife have two children and four grandchildren.  He serves, internationally, as a consultant to families, businesses and educational institutions.  Read Full Bio >>

 David Karofsky, President and Son
David has close to 20 years of experience coaching individuals and working with companies to excel, grow and outperform their competition.  Focused on helping executives develop superior management and communication skills to become more effective leaders, David’s counseling and corporate consulting background includes program design and development and senior management team alignment.  David has been trained in Executive Team Building, Strategic Decision Making, Effective Communication, Managing People, Matrix Management, and Performance Enhancement. Having grown up in a business family, David’s interest in family business consulting was launched with his course work in family business dynamics at the Cambridge Center for Creative Enterprise.  The recipient of multiple achievement awards, David has been a guest lecturer at Northeastern University’s College of Business Administration where he mentors current and former graduate students and shares in facilitation of the Leadership Development Forum at the Center for Family Business.  He is a founding member and chair of the Boston chapter of the Young Presidents’ Organization’s Young Adult Forum and member of the Family Firm Institute, where he was awarded certificates in Family Business Advising and Family Wealth Advising.  David received his A.B. from Bowdoin College, Ed.M. from Boston University in Counseling Psychology and MBA from Northeastern University.  Read Full Bio >>

TCG Associates
Colleagues at Transition Consulting Group include several renowned practitioners with expertise in:

• Family Relationships
• Governance
• Finance and Accounting
• Organizational Assessment
• Corporate Strategy
• Business Plan Development
• Business Valuation
• Leadership Coaching
• Mentoring
• Mergers and Acquisitions
• Investment Banking
• Negotiation
• Real Estate
• Philanthropy
• Family Offices
• Family Protocol
• Family Therapy

For more information, or to talk about your family business challenges, we invite you to contact us.