Daniel Corless

Daniel Corless Email and Phone Number

Vice President of Transformation (VPT) @ Creative Laboratories Inc
Minneapolis, MN, US
Daniel Corless's Location
Minneapolis, Minnesota, United States, United States
Daniel Corless's Contact Details

Daniel Corless work email

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About Daniel Corless

Daniel is a value creation and transformation leader, with a focus on PE-backed life science companies. Most recently, Daniel was Vice President of Transformation for Platinum Equity at Peli BioThermal. Previously, he was in the Life Science Division at Pace Analytical, a provider of CDMO services, and a Leonard Green & Partners (LGP) company. At Pace, he was Vice President of Strategic Growth and Corporate Development for the Life Science Division (acquisitions and carve-outs). Previously at Pace, he was the Vice President and P&L owner of the Scientific Professional Services division, leading growth via strategic, commercial, operational, and M&A activities. Prior to joining Pace, Daniel spent 5 years in management consulting for firms such as Deloitte and most recently was a Principal at Oliver Wyman. As a consultant, Daniel focused on mergers and acquisitions, and value creation in the Life Science industry, working across biopharma, medical device, diagnostics, and pharma services (CDMO), for corporate and private equity clients. While in these roles, Daniel worked on dozens of transactions worth over $15B in value, executing activities across the M&A spectrum from M&A strategy, due diligence (CDD/VDD), post-merger integration, to PE portfolio company value creation and sell-side road shows. Prior to consulting, Daniel was a Director at GE Healthcare Life Science (Cytiva), serving as general manager, leading P&L's as well as forming, launching and scaling new businesses and restructuring existing businesses for the company. He was also a GE Experienced Commercial Leadership Program (ECLP) graduate.

Daniel Corless's Current Company Details
Creative Laboratories Inc

Creative Laboratories Inc

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Vice President of Transformation (VPT)
Minneapolis, MN, US
Daniel Corless Work Experience Details
  • Creative Laboratories Inc
    Vice President Of Transformation (Vpt)
    Creative Laboratories Inc
    Minneapolis, Mn, Us
  • Platinum Equity
    Vice President Of Transformation (Vpt)
    Platinum Equity Dec 2023 - Sep 2024
    Beverly Hills, Ca, Us
    Partnered with Platinum Equity and Peli BioThermal leadership to drive company-wide transformation and value-creation initiatives. Additionally, led a Platinum-level commercial due diligence.
  • Peli Biothermal
    Vice President Of Transformation
    Peli Biothermal Dec 2023 - Aug 2024
    Maple Grove, Minnesota, Us
    Hired to lead refinement and execution of transformation and value-creation initiatives to accelerate growth across the company.
  • Pace® Analytical Services
    Vice President, Strategic Growth & Corporate Development, Life Sciences
    Pace® Analytical Services Jul 2021 - Mar 2023
    Minneapolis, Mn, Us
    Promoted to lead value creation, strategy & M&A for the 1,000+ FTE, $130M+/yr revenue Life Sciences division - providing testing, CDMO, GXP, and FDA regulatory services to biopharma clients. Pace is a Leonard Green & Partners (LGP) company.• Selected by CEO as deal team member in 2021 Pace sale to LGP; led market report & co-led pitch book creation• Led 5-year and annual strategic growth planning process as well as working with the division President to set revenue and EBITDA targets, driving all build and buy decisions, resulting in 2020-2022 revenue growth of ~40%, 2020-2022• Led divisional M&A actions from strategy, banker relationships, target identification & screening, due diligence; supported term sheet structuring & negotiations, deal closing and post-merger integration, closing 5 transactions• Drove internal merger of the Scientific Professional Services (SPS) and Pharma Life Science (PLS) divisions to create one diversified biopharma-focused division spanning CDMO, and GXP & FDA consulting services• Charged by CEO to lead initiatives in the Environmental Division (~$350M/yr revenue, largest environmental testing network in US) to refine 5-year strategy and led action implementation planning with sales and operations VPs• Developed regional integration strategy to align & consolidate legacy and acquired site operations & develop CoEs • Leveraged Pace’s environmental market leadership position, developed a proof of concept with CIO for first-in-industry data management & analytics, and SaaS platform
  • Pace® Analytical Services
    Vice President, Scientific Professional Services
    Pace® Analytical Services Aug 2020 - Jul 2021
    Minneapolis, Mn, Us
    Reporting to the CEO, hired as VP/COO to turn around a 450+ FTE, ~$40M/yr revenue scientific services business during the pandemic, repositioned for growth, and in less than a year, exceeded top and EBITDA growth targets.• Repositioned the 5-business line portfolio to focus on the biopharma market by driving sales, EBITDA growth, and operations• Delivered growth by setting and executing strategic plans, both organic and M&A - including target screening, due diligence; supported term sheet structuring & negotiations• Leveraged internal resources to drive biopharma market growth by breaking down internal siloes, launching a collaborative initiative with Pace Life Science, aligning cross-division commercial, operational, and financial activities
  • Independent Consultant
    Principal
    Independent Consultant Aug 2019 - Jun 2020
    Advised private equity portfolio companies on value creation through growth strategy & transformation. • Led projects identifying growth levers for organic (new markets, pricing) as well as M&A (target search & screen)
  • Oliver Wyman
    Principal (Associate Partner), Private Capital
    Oliver Wyman Oct 2018 - Jul 2019
    New York, Ny, Us
    Hired to bring extensive M&A due diligence and buy- & sell-side transaction support to advise technology (edtech, SaaS- and cloud-based) C-suite and private equity clients. Additionally, co-led BD and sales efforts.• Completed multiple buy- and sell-side engagements totaling ~$750M in transaction value• Utilized quantitative & qualitative surveys, as well as market and consumer data in B2C environments to project future revenue, assess customer interest, evaluate key purchase criteria, and determine NPS• Contributed to several business development efforts to generate proposals and sell engagements
  • L.E.K. Consulting
    Engagement Manager
    L.E.K. Consulting Jun 2017 - Sep 2018
    Boston, Ma, Us
    Led simultaneous projects providing commercial strategy, value creation, merger & acquisition due diligence, transaction support, and valuation advice to private equity, corporate, investment banking, and sovereign wealth clients.• Completed 10+ client projects representing ~$2B in transaction value• Pre-merger activities: Commercial strategy, therapy & disease area screening, target screening as well as buy- and sell-side commercial due diligence• Post-merger activities: Private equity portfolio company value creation - revenue growth and EBIDTA driver plans / playbooks • Disease areas: Oncology, neurology, biosimilars, and rare & orphan disease • Industries served: small, medium, and large pharmaceutical/biotech; medical device companies as well as contract service organizations (patient services and CDMO/CMO)
  • Iqvia
    Manager - Strategy & Portfolio Analysis, Consulting Services
    Iqvia Jul 2016 - Jun 2017
    Durham, North Carolina, Us
    Provided consulting advice to Life Sciences clients, focusing on mergers & acquisitions as well as commercial and portfolio strategy, leveraging IQVIA MIDAS prescription drug sales & volume data and analytical tools.• Conducted commercial due diligence assignments on targets for C-level clients preparing for acquisitions, representing ~$1.5B in transaction value• Led launch and lifecycle strategy for client launching first product, included creation of revenue forecast and NPV model• Co-led business development activities to grow the firm's NYC-area private equity client base
  • Deloitte Consulting
    Manager - Life Sciences Strategy (Monitor Deloitte)
    Deloitte Consulting Oct 2014 - Feb 2016
    Worldwide, Oo
    Provided consulting advice to Life Science clients with a focus on mergers & acquisitions.Participated in aggregate Life Science M&A transactions totaling over $10B in the following areas:• Pre-merger activities: Commercial strategy, target screening, commercial due diligence, and planning for synergy, integration & Day One preparations• Post-merger integration (PMI): synergy & value capture
  • Ge Healthcare
    Director, Bioprocess Services And Head Of Services Innovation And Technology
    Ge Healthcare Jul 2013 - Sep 2014
    Chicago, Us
    Promoted to provide strategic leadership globally for BioProcess Equipment and Validation Services as well as lead Validation Services as P&L owner.• Served as a strategic leader with responsibility for all BioProcess Services product management, delivering over 10% top-line growth and over $20M of EBITDA in 2013 through a global team of 25 employees• Led integration of acquired Validation business to ensure the seamless merger of teams and operations.• Participated in sourcing, term sheet evaluation and negotiations for strategic partnerships• Led Innovation & Technology team for a $200M/yr business to develop and commercialize Life Science Service tools.
  • Ge Healthcare
    Director, Goldseal And Validation Services
    Ge Healthcare Apr 2011 - Jul 2013
    Chicago, Us
    General Manager and P&L owner of 2 distinct business lines (aftermarket instruments and validation services), driving global growth. Led a globally dispersed team of 13 employees.• Acted as commercial leader for various growth & operational efficiency initiatives to grow revenues by 100% and EBITDA to over $13M in 2012.• Managed team of 13 employees worldwide to ensure seamless collaboration despite the geographic dispersion.• Led a cross-functional team to re-define the global services strategy for the $1B/yr BioProcess business.
  • Ge Healthcare
    Manager, Aftermarket Instrument Program
    Ge Healthcare Jul 2009 - Apr 2011
    Chicago, Us
    Created, launched & managed (P&L owner) a new business line to establish GE as a reseller of life sciences instruments.• Conducted market research & developed financial projections to write business plan; secured financial & operational resources; and built out all business operations, to generate $3M+ in revenues in first full year.• Delivered 1st sale within 6 months of launch & achieved positive cash flow in 9 months; initial IRR of 330%. • Simultaneously co-founded instrument leasing business to generate $2.5M+ in lease revenues in first year.Awards: • GE Healthcare Excellence Award for commitment to Quality and Compliance, 2011.• GE Healthcare Innovation Award for developing and launching a new business, 2010.• Key Talent Program member, 2010-2011. KTP is a leadership program for top performing managers at GE Healthcare.• Successfully passed the Six Sigma Black Belt training and exam, 2009.
  • General Electric
    Eclp - Experienced Commercial Leadership Program
    General Electric Jul 2007 - Jul 2009
    Boston, Ma, Us
    Completed four 6-month rotations to gain visibility into and operational experience with several business divisions.• Worked as part of cross-functional team to execute a major re-branding & business transformation initiative for $4B/yr global medical equipment division.• Built financial model and led cost-cutting project spearheaded by the Diagnostic Imaging division CMO, resulting in the reduction of initial program costs by 35 percent.• Conducted comprehensive audit of variable compensation system for $2B/yr medical equipment business; built financial model to test & validate system for variable compensation calculation, reconciliation & payout metrics.• Co-led the annual business plan & strategic roadmap process for a $145M/yr global P&L within Life Sciences.
  • Life Technologies
    Summer Associate
    Life Technologies Jun 2006 - Aug 2006
    Waltham, Ma, Us
    Analyzed molecular biology customers to help the company understand customer loyalty and retention drivers. • Conducted segmentation analysis of customers and utilized company’s sales organization to develop and implement marketing strategy.
  • Thermo Fisher Scientific
    Sales Representative
    Thermo Fisher Scientific Jan 2003 - Aug 2005
    Waltham, Ma, Us
    Responsible for growing & maintaining business and sales relationship between Fisher Scientific and a top 10 global pharmaceutical company in Massachusetts including sales/marketing, supply chain/logistics and e-commerce.• Led numerous business development initiatives including formation of strategic partnerships with outside vendors to consistently exceed annual business plan for the account (109% in 2005).• Developed and led cross-functional team to execute vendor managed inventory program for mission critical production plant consumables to reduce client’s costs by 30 percent.
  • Triumph Marketing
    Sales And Marketing Representative
    Triumph Marketing Oct 1999 - Jan 2003
    Plantsville, Ct, Us
    Responsible for sales growth of telecommunications equipment in under-served territories. • Initiated and developed client relationships to increase account base from 25 to 75 clients.Awards: Agilent Technologies Recognition of Sales Excellence, 2001.

Daniel Corless Skills

Cross Functional Team Leadership Strategy Leadership Strategic Partnerships Management Business Development Marketing Strategy Business Planning Product Development Sales Management Change Management New Business Development Financial Modeling Competitive Analysis Market Research Sales Management Consulting E Commerce Cost Reduction Acquisition Integration Integration Planning Corporate Development Growth Strategies Strategic M%26a Deal Strategy Dcf Valuation Valuation Modeling Company Valuation

Daniel Corless Education Details

  • Boston College Carroll School Of Management
    Boston College Carroll School Of Management
    Finance And Entrepreneurship
  • Northeastern University
    Northeastern University
    Biology

Frequently Asked Questions about Daniel Corless

What company does Daniel Corless work for?

Daniel Corless works for Creative Laboratories Inc

What is Daniel Corless's role at the current company?

Daniel Corless's current role is Vice President of Transformation (VPT).

What is Daniel Corless's email address?

Daniel Corless's email address is da****@****ail.com

What schools did Daniel Corless attend?

Daniel Corless attended Boston College Carroll School Of Management, Northeastern University.

What skills is Daniel Corless known for?

Daniel Corless has skills like Cross Functional Team Leadership, Strategy, Leadership, Strategic Partnerships, Management, Business Development, Marketing Strategy, Business Planning, Product Development, Sales Management, Change Management, New Business Development.

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