Executive Vice President, Chief Financial Officer, Cfo
Irving, Texas, Us
• EVP/CFO - Park River Holdings, Inc./PrimeSource Brands• Park River Holdings, Inc. is a $2.5 bn., $350M EBITDA portco of Clearlake Capital which represents the combination of PrimeSource, Dimora Brands, Nationwide Industries, and Wolf Home Products, a scale residential building products platform with a market leading portfolio of proprietary branded products with 48 DC’s and five plants across the U.S., 600 global suppliers in 16 countries, offering 58,000 SKU’s, serving >29,000 customers. Leading supplier of Grip-Rite branded fasteners and other building materials to major customers including Home Depot, Lowe’s, and other retailers.• Re-engineered pricing function and architecture; unified pricing under the finance function.• In 2019-2020, reduced leverage from 8.0x to 4.8x, expanded gross margins 150 bps via pricing, delivered operating expense reductions, and reduced working capital by over $100M. Combined functional efforts and actions improved LTM EBITDA by 48% leading up to year-end 2020.• Co-led sale process of PrimeSource from Platinum Equity to Clearlake Capital (Dec. 2020).• Completed 3 acquisitions in 8 months post-Platinum under Clearlake’s ownership adding $1.1 bn. of accretive revenue; led due diligence efforts including target QoE assessments and lender communications; set up formation of integration teams and synergy realization.• Drove acquisition financial reporting into immediate compliance with base business to ensure timely 144A bond issuances.• Internal lead on 2021 financings which resulted in the raise of $2.7 bn. debt over four timeframes in 2021.• Managed audit committee processes/SOX 404 compliance readiness efforts.• Achieved $175M in annualized non-pass through price increases over multiple pricing actions in 2021.Finance, Accounting, FP&A, Pricing, M&A, IR, Legal, Treasury, Tax, Real Estate, Risk functions.