Andre McCaster, President Osborne Coinage Co
A Cincinnati manufacturer, the oldest private mint in the United States, is now under new ownership. Osborne Coinage Co., headquartered in Cincinnati's Camp Washington neighborhood, was acquired April 3 by the Royal United Mint, based out of the Netherlands. Terms of the acquisition, which makes Osborne Coinage President Andre McCaster an owner of the mint, were not disclosed.
Andre McCaster is a graduate of the first Black Achievers Business Institute. The Business Institute is an 8 week executive level course that teaches African American professionals how to buy a business. The institute was the brainchild of Darrin Redus, CEO, Minority Business Accelerator, LLC which currently funds the institute.
"There are so many manufacturing companies that have been around for years but often have no business succession plan. Many of these same businesses have no children or heirs in the business that desire to assume ownership and control which fundamentally places the business on the market. This is a huge opportunity to upskill Black professionals who are members of Black Achievers on the process of buying a business and creating significant wealth generating opportunities. I am so proud of Andre McCaster and the team at Black Achievers for making this a reality." Said Darrin Redus.
The Business Institute is facilitated by Michael Moore, President/CEO of Black Achievers and David Iyoha, VP Operations. The 8 week curriculum was co-created with the help of The Goering Center for Family and Private Business, Lindner. Message Black Achievers received from Andre McCaster: "I'm excited to announce that I have become CEO and shareholder of Osborne Coinage, America's oldest and largest mint. I have partner up with Royal United Mint, to create a super team focused on being the best mint in the world. As a follower of the Black Achievers group and cohort of the 1st group of black professionals to go through the future business owner preparation classes I had to share this accomplishment.
I would be honored to discuss the process and share my journey from employee to President to CEO/ Shareholder with other African American's with the dream of purchasing a business and building generational wealth. The Business Institute class Michael Moore and associates taught is great foundation step in the process." Said McCaster.