Bush sells stakes in last two businesses

Former Florida Gov. Jeb Bush (R) has sold his stakes in two firms, fully freeing himself from his business interests as he prepares for a possible presidential campaign.

Bush spokeswoman Kristy Campbell said that he sold his stakes in Jeb Bush & Associates, a consulting firm, and in Britton Hill, a consulting and investment group.

{mosads}”Just as he said he would, Governor Bush has been reviewing his private sector commitments as he contemplates a potential run,” she said. “Governor Bush finalized that process this month, selling his ownership stakes in Jeb Bush & Associates and in the Britton Hill entities.

“This was a natural step as Governor Bush transitioned his time and focus from running his business to increasing his political efforts on behalf of conservative candidates and causes,” she added.

Bush founded Jeb Bush & Associates after he left the governor’s office in 2007. Bush previously declined to disclose the firm’s clients or finances to the media, according a 2008 report.

He was also a partner in Britton Hill Partners, another consulting firm, and Britton Hill Holdings, an investment firm. The firm filed a document with federal regulators in 2013 that indicated it had over $100 million in assets, The Washington Post reported.

The Post first reported on Bush’s exit from his business commitments.

With Bush divested from his interests in all three firms, he is now free of any significant financial ties to the private sector that could dog a presidential campaign.

By early January, he had resigned from any corporate boards.

He spent this winter hiring for a potential campaign and gaining commitments from donors to fund a bid should he choose to run.