Michael M. Sachs
It is with sadness that we announce the passing of our founder Michael M. Sachs, on April 11, 2019. The Westrec team, and the marina industry will miss him!
Michael M. Sachs passed away peacefully at his home on April 11, 2019, days shy of his 78th birthday. Michael was always admired for his energy, determination, sharp mind and business acumen. A graduate of the University of Illinois (B.S., Accounting, 1962) and Stanford University Law School (J.D., 1965), he was also a Certified Public Accountant in Illinois (the youngest ever at the time) and California.
Michael practiced law at Kindel and Anderson, became a Partner at Agnew, Miller and Carlson, and then formed his own firm, Sachs and Phelps in 1982. Michael served as Executive Vice President and General Counsel of Public Storage, Inc., from 1982 to 1990, where he helped to raise over $3 billion in equity capital. In 1987, he conceived the idea of storing boats in the same manner as people’s personal goods, and with that stroke of genius, formed Westrec Financial Inc. Michael was the principal architect behind the formation, development and capitalization of Westrec Marinas, which has been successful for over 30 years. Michael served on the Board of Directors of many public and private companies during his career, and was frequently sought out by acquaintances for advice on startup companies. He was always generous with his time
Michael is survived by his wife of over 30 years, Maureen, his sister Rosanne Ezer (Steve Ezer), nieces Debbie Ezer and Melissa Martin (Paul Martin) and grand nephews Bradley and Derek Martin.