SHERMAN OAKS—The boating world lost one of its pioneers when Michael Sachs, founder of Westrec Financial, Inc. and later Westrec Marinas, died on April 11, just a few days from his 78th birthday. Westrec played a trailblazing role in bringing together modern storage methods for boats.
Sachs understood how finances worked from early on in his career. While still living in Illinois, he became the youngest Certified Public Accountant at the time after graduating from University of Illinois with a B.S. of accounting in 1962. Sachs moved to California after he was accepted into Stanford University Law School, where he completed a J.D. in 1965.
In a release by Westrec, it was stated, “Michael was always admired for his energy, determination, sharp mind and business acumen.”
After completing his law degree, Sachs practiced law at Kindel and Anderson, then because a partner at Agnew, Miller and Carlson. In 1982, Sachs ventured out to form his own firm, Sachs and Phelps. A turning point for Sachs, which could have inspired the development of Westrec Marinas, was when he served as Executive Vice President and General Counsel of Public Storage, Inc. Sachs served in this position from 1982 until 1990, where he assisted in raising...
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