Douglas N. Place Email & Phone Number

Bedford, Nh, Us

Founder and Managing Member. Providing strategic, financial, tax and managerial services for a diverse set of industries ranging from retail, manufacturing, professional services, software development, real estate and tourism organizations to support entrepreneurs and their business in acquiring financing, financial turnarounds, bankruptcy strategies, generational transitions, acquisitions, and divestures.

Allenstown, Nh, Us

Designers and Assemblers of Custom High Temperature Vacuum & Controlled Atmosphere Furnaces. Recruited as a consultant to transition the company from a family lifestyle enterprise with 17 employees and revenues of $6M to a growth-oriented company with 52 employees, revenues of $16M and a professional senior leadership team.Chief Financial Officer Directed accounting, cash management, external audit, tax compliance, human resources, payroll, and banking relationships. Assisted with the post-acquisition infrastructure as a consultant before joining as a full time CFO. Reporting to Managing Director and Chief Operating Officer. Providing a quarterly review to the Board of Directors.• Transitioned the reporting systems from Reflections and Quicken on a cash basis to Sage MAS 90 full accrual implementing Work Order, Inventory Management, Project Accounting, Bills of Materials, and Financial Applications.• Procured $383K in R&D refunds over employment tenure, $539K in Employee Retention Credits, and $737K in PPP loans with full forgiveness.• Created a model to accurately capture the Estimate At Completion for project accounting in compliance with GAAP.• Authored and implemented accounting policies, procedures & financial controls forging a clean audit opinion in 1st year. • Obtained compliance with ASC 606 Revenue Recognition for both Percentage of Completion & Completed Contract Method revenue streams.

Newton Highlands, Ma, Us

$200M quick-oil change retailer; largest Valvoline Instant Oil Change (VIOC) franchisee and 3rd-largest operation nationwide, with 200+ retail sites in 12 states and 1,900 employees. Directed finance, general accounting, cash management, tax compliance, banking relationship, and IT functions; reported directly to CEO, COO, and General Counsel.Recruited to provide the leadership to formulate strategies to quickly exit from the forbearance agreement, procure funding for future acquisitions and upgrade the financial reporting processes. Key Accomplishments:• Successfully led Company out of forbearance; generated cash by forcing sales & closure of underperforming stores and facilitating several sale leasebacks. Reduced corporate headcount generating cost savings of $600K• Refinanced debt to add $26.6m new money, lowered cost of debt by 82 BPS while forming a 4 bank syndication. Simplified bank compliance to one set of covenants and loan documents.• Presided over the acquisition of 12 stores and three ground ups• Streamlined the closing process by upgrading ERP system from Sage MAS 90 to 200; Integrate BIZNET report writing software reducing month end closing cycle by three days.

$73M manufacturer of roofing shingles, ice and water roofing underlayments. Directed general accounting, IT, administrative suport, external audits, and legal affairs; oversaw board agenda, bylaws, voting, shareholder relations, and overall corporate governance. Recruited by the President CEO & founder to develop and implement strategies that would improve the operations, EBITDA, and enterprise value while positioning the company for sale. Key Accomplishments:• Led M&A to successfully sell Company to Fortune 500 Owens Corning Inc.• Spearheaded team that identified and eliminated manufacturing bottlenecks; leveraged Six Sigma Lean methodologies to increase production by 40% with minimal capital investment. Increased sales by 165% with 300% EBITDA expansion within three years. • Converted ERP system from standard to actual cost to increase market share from 12% to 19%; became lowest-cost manufacturer in market with 17 identified competitors. Grew volume by 76% vs. market average 28%.

$660M Private Equity Funded multinational manufacturer, marketer, distributor and retailer of commercial truck and off road tires. Facilities in 12 countries with 2,600 employees. Directed a support staff of 10 professionals & operational controllers; reporting to Director of Finance and CFO. Primary responsibilities included consolidated monthly financial statements, bank compliance reports, managing the global external audit and tax compliance.Recruited to organize the closing process on a global basis as the company acquired 5 foreign companies in the preceding nine months prior to joining the company. Key Accomplishments:• Took leadership on implementation of new ERP system (Microsoft Navision); becoming resident expert, developed global closing procedures and policies; reduced monthly closing cycle from 20 to 5 days.• Authored transfer pricing study; implemented procedures re-characterization on income & expenses; generated cash tax savings of $3m.• Successfully negotiated tax settlement with Canadian Revenue Authority; original assessment of $7m; settled $2.9m • Directed logistics & accounts payable to research & obtain proposals from freight carriers and logistics companies; evaluated proposals & selected logistics vendor generating freight savings of $5m over 2-year period.

Milford, Nh, Us

$325M multinational manufacturer of jet engine turbine blades, automobile components, leisure products and hand tools. Presided over the growth from domestic company with revenues of $75m to a gloabal company with multiple plants in foreign countries with revenues exceeding $325m. Directed 50 professionals in the Corporate & Operational Accounting, Risk Management, Export Compliance departments; managed global audit. Attended board & subcommittee meetings. Referred by E&Y audit partner as company was embarking on its global strategy leveraging experience and expertise in global finance and accounting.Key Accomplishments:• As acting CFO; presided over the divesture of 2 business units investing cash in debt reduction, cutting operations & corporate expenses by $9.5M, obtaining compliance with loan syndication in 18 months after the financial collapse promulgated by the events of September 11th• Initiated first ever R&D tax credit study; total refunds received more than $5m during tenure.• Successfully negotiated a $44.5m private placement debt offering with major insurance company.• Executive in charge of new ERP system (Peoplesoft) implementation, with a budget of $5.4m, Project was completed 6 months earlier than plan and on budget• Directed annual global audit with Big-4 accounting firm; No significant nor material audit adjustments during tenure as audits were completed on time and within budget.

Milford, Nh, Us

• Created cash flow model which accurately predicated cash flow patterns and foreign currency requirements; received promotion to assistant treasurer and corporate officer for the success of this model. • Collaborated with marketing & engineering in developing financial models that were pivotal in obtaining major new engine programs for BMW, Chrysler & General Motors accelerating Hitchiner’s unprecedented sales growth by 4.7 times and propelling company from Tier 2 to Tier 1 status. • Earned Six Sigma Yellow Belt by diagnosing que wait times and need to reorganize plant floor and reduction of intercompany plant transfers. Reduced que time by 80% increasing on time delivery from 72% to 97%. • Transferred in-house transfer pricing studies to internal staff cutting annual compliance cost by $35k/year • Set up accounting departments in two newly formed Mexican subsidiaries; hired controllers, implemented corporate accounting policies and procedures.

$40M Multistate manufacturer, value added reseller and wholesaler of thermal plastic valves, piping and fittings Presided over the growth from a $4M single location 20 employee family lifestyle enterprise to a growth-oriented company with revenues over $40M with locations in 6 states, 200 employees, acquired Machine shop, Extrusion plant and Corporate headquarters building financed by a successful IPO in the OTC market stock symbol ASAH.Accountable for strategic planning, development and leadership of finance, accounting, IT, payroll, and HR functions.• Assisted VP of Sales in acquiring the company from family, building new management team, procuring new ERP system, and migrating into new office building.• Implemented MAPICS shop floor system, creating bills of material, routing, and overhead rates, dramatically reducing inventory adjustments, improving on-hand balances, and eliminating monthly physical inventories.• Created effective hedging strategies utilizing market tools such as swaps and collars to protect inventory costs from currency fluctuations.

San Antonio, Tx, Us

Master'S Degree, Business Administration

Bachelors Degree, Business Administration Accounting