Clients
Evaluate and continue involvement operationally as an advisor of improvements for a $150 million manufacturer of component parts sold to truck and recreation vehicle manufacturers.
Operate as chief executive officer of a manufacturer of food service equipment with operations in Kentucky, New York, Illinois and Bangkok.
Chief Executive Officer of $160 million in sales Commemorative Brands Inc. (aka, American Achievement Corp.) a high school and college class ring and fine paper diploma manufacturer. In six months, produced a $1.7 million Operating Profit versus prior year’s $229,000 Operating Loss.
Chief Executive Officer of $20 million in sales Springfield Precision Instruments Inc. a thermometer and timer manufacturer selling to the Wal*Mart and Home Depot channel segments. Fixed company by closing USA manufacturing plant and building company owned plant in China. Initiated the acquisition of a China based digital electronics manufacturing company. Turned $276,000 Operating Loss into $1.8 million Operating Profit.
At same time, also was CEO of Evenflo Company and worked on Burke Industries Inc. and Pacific Aerospace Inc. for GSC Partners.
Pre-acquisition due diligences: $500 million World Kitchen and $35 million Hartmann Luggage.
For Equinox LLC, evaluation of troubled $105 in sales Elizabeth Webbing Mills Co., a manufacturer of textile webbing with a $4 million net loss and a $3 million negative free cash flow. Judged the company viable with several operational improvements and a $7 million equity investment.
Chief Executive Officer of $20 million in sales Drexel Industries, a fork lift truck manufacturer. In five months, improved Operating Profit to 8.2% of sales from prior year’s 3.6% Operating Loss.
At the same time, was also Chief Executive Officer of Jones Plumbing Inc. for the Jordan Company.
Chief Executive Officer of $210 million in sales Ladish Co., an aerospace forgings and industrial valve manufacturer which had registered a $2.3 million Operating Loss each month for 6 consecutive months. Achieved profitable Operating Income in third month at $512,000 and $1.3 million in the fourth month. Converted its $22 million Deficit Net Worth into a $32 million positive New Worth.
Advisor on $100 million in sales aluminum extruder Wells Aluminum Company’s Kero bankruptcy.
With Court approval operated as untitled Chief Executive Officer of $105 million in sales commercial flooring and aerospace silicone seal manufacturer Burke Industries Inc. making decisions on facility closings, a product line acquisition, capital spending, organization and writing the plan of reorganization for the Court.
Completed post-acquisition evaluation and advised on turning around $95 million in sales hermetic connector manufacturer Pacific Aerospace Inc.
At same time, was CEO of Springfield Precision Instruments Inc.
Executive Chairman, operating as Chief Executive Officer, of Evenflo Company a $300 million in sales manufacturer of baby products: bottles, strollers, car seats. Its $28 million in sales Mexico City subsidiary had recorded a $390,000 Operating Loss – completed an operational restructuring which generated a $3 million annual Operating Income.
At same time, was also Chief Executive Officer of Springfield Precision Instruments Inc. and worked on a due diligence with Silver Point Capital.
While Chief Executive Officer of GE Capital’s Drexel Industries, was simultaneously CEO of $40 million in sales Jones Plumbing Inc., a severely distressed drain and pipe connector manufacturer.
Advisor and member Board of Directors for Walter Industries, Inc. a $2 billion in sales manufacturer of homes, water pipe, metals, coal mining.
Member Board of Directors Evenflo Company, a $300 million in sales manufacturer of baby products: bottles, strollers, car seats.
Developed strategic focus and profit improvements for Ashcroft Holdings Inc. a $120 million pressure gauge manufacturer.
Diagnosed operating problems and solutions for Erickson Air-Crane Co. an $85 million helicopter service company whose EBITDA had declined from $14 million to virtually zero.
Morgan Stanley Capital Partners
Established deal flow, due diligence evaluations, and advised regarding acquiring manufacturing companies with sales of $500 million to $1 billion.
Pre-acquisition due diligence of $2.4 billion American Standard Bath and Kitchen Business.
Due diligence of $700 million in sales Murray Inc., manufacturer of lawn mowers and snow blowers, for this hedge fund. At same time, was CEO of Evenflo Company and Springfield Precision Instruments Inc.
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