COENEN--Dale. Innovator In Private Equity Transactions Dies At 85. Dale Coenen died peacefully after a brief illness, at the Danbury Hospital in Connecticut on August 28th. His wife of 40 years, Joan Parker was by his side. He was born in 1928 in Flint, Michigan to Stephen Coenen and Minnie Bagley. After graduating Valedictorian and President of his senior class at Mt. Morris High School, he earned a business administration degree at the University of Michigan where he was President of the Michigamua all campus senior honor society and later received a masters degree from N.Y.U. His career path gained him experience first in engineering at GE, then management at Booz Allen & Hamilton and investment banking at Laird Inc where he spearheaded the development of leverage buyouts and growth emerging companies. Starting up Coenen&Co in the late 60's the firm became known for their "Quality Of Earnings" report that was an early proponent of earnings analysis on Wall Street. In January of 1971, the firm became a member if the NY Stock Exchange. Selling his company later that year, he took a major interest in Trans Industries out of Rochester Hills, Michigan where he remained CEO and President until retiring in March of 2005. While serving on the Board Of Directors of Figgie International, in 1991 the company donated a million dollars to the University Of Virginia Business School for a Dale S Coenen Chair of Free Enterprise. He is survived by his wife Joan, his daughter Alison Abrams and son Stephen Coenen and stepdaughter Sarah Young and four grandchildren, Quinn, Eliza, Alexandra and Daniel who will dearly miss him. Visiting hours on September 12th from 5 to 7 at the Frank Campbell Funeral Chapel and Funeral Services September 13th at 10:30am at the Christ Church at 520 Park Avenue. Contributions can be made in his name to the University Of Michigan Program Support Of Master Entrepreneurship Fund 322073.
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Published in The New York Times on Sept. 8, 2013