The Burrell Group was formed in 2008 and is a portfolio of individual privately held companies that focuses on medical education, meal service programs in partnership with higher education institutions, behavioral science programs for at-risk youth, financial services, commercial and residential real estate, construction, as well as aviation partnerships with federal, state and local governmental agencies to provide air-freight cargo and logistical support. The Burrell Group also owns and operates companies that provide digital and technology solutions related to residential home security, life safety systems, entertainment, and environmental control.
Furthermore, The Burrell Group operates holdings in natural resources, specifically in the materials business to support public works projects. The Burrell Group also manages an early-stage venture capital fund, focused on healthcare companies that provide products, services, and solutions capable of reducing cost structures and have the capability of providing better patient outcomes.
The Burrell Group’s first initiative was to establish an actively managed investment vehicle, The Term Asset Loan Facility Credit Opportunities Fund (the “TALF”). This vehicle was designed to participate in the economic recovery program created by the U.S. Federal Reserve to spur consumer credit lending. The TALF program was announced on November 25, 2008 and was designed to support the issuance of asset-backed securities collateralized by student loans, auto loans, credit card loans, and loans guaranteed by the Small Business Administration.
Under the TALF, the Federal Reserve Bank of New York authorized up to $200 billion of loans on a non-recourse basis to holders of certain AAA-rated ABS backed by newly and recently originated consumer and small business loans. In the role of CEO and Co-Chief Investment Officer, The Burrell Group was one of a select group of qualified firms to participate in the program and successfully acquired and sold over $2 billion in ABS securities through the TALF program. The Burrell Group’s involvement in the TALF program occurred over a 3-year period.
During the same time, The Burrell Group acted as Managing Member of the Rosemont Co-Investment Fund, a vehicle that invested alongside leading private equity institutions and foundations that included, but were not limited to, The Blackstone Group, Blackrock, Rice University Management Company, Texas Pacific Group, The Carlyle Group, and Oppenheimer & Co.
After the sale of the TALF Fund and the disposition of the assets held by Rosemont Co-Investment Fund, The Burrell Group founded Rosemont Realty. At its peak, Rosemont Realty owned and operated 17mm sq ft of commercial space in the southwestern and southeastern United States through a vertically integrated management structure under The Burrell Group.
In 2015, the Company sold Rosemont Realty to Sino Ocean Land (SEHK: 3377), a leading publicly-traded commercial real estate company headquartered in Hong Kong. Consequently, the newly-formed company now operates as Gemini-Rosemont Commercial Real Estate (“GRR”).
Upon the sale of GRR, The Burrell Group re-established its real estate division with a focus on residential and commercial property in the areas of health care/medical infrastructure, as well as student housing, multi-family apartments, storage, industrial, and aviation. The aviation division of The Burrell Group partners with federal, state, county, and municipal governments through local counties and municipalities in an effort to provide logistical support for the delivery of goods and services to large metropolitan areas that serve the public interest.
The Burrell Group also recently acquired CW Earthworx, a Florida-based general contracting firm that specializes in infrastructure, earth-moving, and utilities development.
Separately, The Burrell Group, under Mr. Burrell’s leadership, founded The Burrell College of Osteopathic Medicine (“BCOM”) in affiliation with New Mexico State University and also founded The Idaho College of Osteopathic Medicine (“ICOM”) in affiliation with Idaho State University. BCOM and ICOM represent a first-in-the-nation model to provide critically important medical services to underserved communities and are based on a primary care centric model. BCOM had the distinction of graduating its first cohort of 162 medical students in 2020, and ICOM expects to graduate its first cohort of 162 students in 2022. Mr. Burrell currently serves as Executive Chairman and Lead Managing Member of both colleges.
The Chairman of BCOM and ICOM and Senior Advisor to The Burrell Group is Chet Burrell, who previously served as President and Chief Executive Officer of CareFirst BlueCross BlueShield serving Washington D.C., Maryland and Northern Virginia. This company is the largest private health plan and health insurance carrier in the mid-Atlantic region, with $10 billion in annual revenues serving 3.4 million people in the region.
In 2020, The Burrell Group entered into the area of behavioral sciences and mental health through the development of Wilderness Recovery Retreats of North America (“WRR”), which is an extension of its medical educational programming. The mission of WRR is to serve young adults who are affected by technology dependency as a consequence of an over-reliance on “screen time” and devices. This dependency is now becoming more understood, and The Burrell Group’s comprehensive and clinical approach to its therapeutic programming has been developed in conjunction with leading non-profit organizations to address this vulnerability. The Burrell Group is in the process of developing these three core sites to advance this pioneering initiative and to create an ecosystem that connects truly unique properties with innovative programming in northern Florida, northern New Mexico, and northern Colorado.
Separately, in the health care technology sector, The Burrell Group actively invests in innovative med-tech companies that provide products, services, and solutions to improve patient outcomes while at the same time lowering the cost structures for healthcare insurance providers. Most recently, The Burrell Group was a strategic investor in Exagen Diagnostics (NASDAQ: XGN). The Company assisted in Exagen’s successful IPO in September 2019 at a market capitalization of approximately $240mm.
The Burrell Group is the holding company for West Coast Aggregate, a silica mining operation that primarily serves Nevada and California. The Company performs the same function for Orogrande Garnet Co., which delivers specialized “blasting and cutting” materials to the Gulf Coast region. Both the silica and garnet mining operations are surface-oriented in nature, environmentally responsible, and provide important product solutions to the construction and oil/gas industries.
The Burrell Group has a presence in the hospitality sector through a single asset, Shaka Beach Retreat, which is a Costa Rica-based, all-inclusive outdoor activity-based resort. The Company is currently working on several projects to further extend its reach into the ecotourism sector.
Additionally, The Burrell Group through a joint venture structure operates Proguard Protection Services and Allied Security, both of which have a 30-year history in supporting the Mountain West markets of the United States. Proguard Protection Services and Allied Security specialize in the design, installation, monitoring, and servicing of security, environmental devices, fire alarm, CCTV, and door access systems for both residential and commercial properties.
The Burrell Group is actively involved in philanthropic endeavors. Mr. Burrell is the Founder and Chairman of the New Mexico Leadership Institute, a 501(c)3 organization that was founded with the purpose of developing and delivering the next generation of young entrepreneurs in New Mexico. The training and mentorship programs of NMLI have proven to improve high school graduation rates, advance college enrollment, and cultivate an entrepreneurial capacity to address New Mexico’s social, business, and public sector challenges. The program provides direct college tuition funds to each student to ensure that they have the resources to attend college and prepare for their future. NMLI operates in direct partnership with the University of New Mexico and New Mexico State University.
Separately, through the development of its two medical schools, The Burrell Group supports two non-profit organizations that provide scholarships for at-need medical students. These non-profits have made it possible for physicians to be added for the purpose of providing and supporting much-needed clinical assistance in rural and underserved communities, as well as to address chronic doctor shortages in these geographical areas.
The Burrell Group is also in partnership with the Ocean Healing Group (OHG), a 501(c)3 non-profit organization that is dedicated to creating outdoor recreational and therapeutic programming for physically challenged and disadvantaged children and young adults to assist them in having a unique and distinctive experience. Mr. Burrell serves in a strategic, financial, and advisory role, with the objective of helping to expand OHG’s programming.
Selected biographical information for The Burrell Group’s senior management team is provided below. Additional biographical information for The Burrell Group’s senior management team is contained in the current and prior holding companies sections of the website.
DANIEL C. BURRELL
Founder, Executive Chairman & Chief Investment Officer
Mr. Daniel C. Burrell currently serves as Founder, Executive Chairman and Chief Investment Officer of The Burrell Group, a holding company that invests in and operates individual, privately held companies in higher education, health care technology, behavioral sciences/mental health, commercial and residential real estate, corporate and university meal services programs, security and life safety systems, as well as natural resources…[read more]
FRANK R. BAUER II
Frank Bauer is the Chairman of Burrell Diversified Investments, LLC and is responsible for creating business development opportunities throughout the U.S. markets. His leadership Frank Bauer is the Chairman of The Burrell Group and is responsible for creating business development opportunities throughout the U.S. markets. Mr. Bauer has been a leader in the business world for over 25 years. In 2001, Mr. Bauer co-founded Proguard Protection Services, which has grown to become the security leader in the affluent Aspen, CO region. Due to the success of Proguard, Mr. Bauer negotiated the successful acquisition of the Allied Security Group in 2017, which serves as the market leader for the Breckenridge, Frisco, and Silverthorne area….[read more]
David Goldschmidt is responsible for the leadership and management of all daily operations for The Burrell Group in its mission to acquire, brand and market its portfolio of assets. Mr. Goldschmidt is responsible for carrying out the long-range strategic plan and direction set forth for The Burrell Group. Prior to joining the Burrell team, Mr. Goldschmidt held several leadership positions in hospitality, real estate and tourism, with an emphasis on driving revenue through strategic marketing initiatives, sales, contract negotiations, and program development…[read more]
Erik Berntsen is the President of The Burrell Group and a trusted advisor to the founder, Erik Berntsen is the President of The Burrell Group and has been a long-time advisor to the founder, Daniel Burrell, his family, and related companies. For 10+ years, Mr. Berntsen has played a critical role in the company’s development, overseeing more than $1 billion in assets. In his role as President, Mr. Berntsen maintains the primary oversight role with respect to all projects undertaken by The Burrell Group…[read more]
Chairman & President of The Burrell Financial Services Group
John Rodstrom is the Chairman and President of The Burrell Financial Services Group. He oversees all financial aspects of The Burrell Group’s new projects and investments. Mr. Rodstrom’s career spans 40 years as an investment banker. Most recently, he spent 9 years at Oppenheimer & Co., where he specialized in large complex financial lending…[read more]
CFO of The Burrell Financial Services Group
Jonathan Murstein has 16 years of investment banking experience. He has originated, structured, and executed complex municipal, project finance, and high-yield transactions for a range of borrowers, including medical schools, waste disposal and waste-to-energy facilities, energy companies, and charter schools…[read more]
Director of Development
Ben Fierstein is the Director of Development at The Burrell Group and manages real estate, development, and multi-family opportunities for the organization. For the past two years, Mr. Fierstein has represented The Burrell Group and its investors, overseeing $82 million in multi-family development within the Treasure Valley market as well as assisting in the operations of a multitude of endeavors within the Burrell umbrella…[read more]
Chief Operating Officer –East Coast Operations
Mr. John Slate is the Chief Operating Officer of The Burrell Group – East Coast Operations. For over 10 years he has held several roles in senior management, primarily in the areas of logistics, cargo receipt and delivery, shipyard and large-scale airport and marina storage, leasing, construction development, team management and sales…[read more]
Chairman of the Burrell Aviation Group
John Schmatz is the Chairman of the Burrell Aviation Group. He started his career as a Certified Public Accountant in Miami, soon taking his skills to New York City, where he worked with real estate developers and syndicators at several national accounting firms. Mr. Schmatz returned to South Florida and became one of the founding members of the Sheltair Aviation Group…[read more]
Thomas J. Mancuso
General Counsel to The Burrell Financial Services Group
Thomas J. Mancuso is General Counsel to The Burrell Financial Services Group responsible for legal aspects of the Group’s undertakings. T.J. has spent over 40 years providing legal services in a variety of complex financial transactions. In the municipal bond area, he has acted as issuer’s counsel and underwriter’s counsel in general obligation, revenue obligation and industrial development financings…[read more]
President of Development and Construction
A General Contractor in Aspen and the Roaring Fork Valley for 25 years, Joe has a track record that speaks for itself with showcase projects throughout the valley. His buildings have received accolades from Aspen building officials and have been touted as some of the greenest in this spectacular part of the country…[read more]
Technology and Creative Director
Henry Valdez oversees technology and creative direction for The Burrell Group and its associated companies. He has worked in design and communications for over a decade providing private and public entities with a creative, strategic vision and marketing content.