Jay Ferguson Email & Phone Number

Aiken, South Carolina

AGY Holding Corp. located in Aiken, South Carolina is a $150 million private equity owned global developer, manufacturer and marketer of unique, value-added specialty glass fiber yarn for advanced composite applications with manufacturing locations in South Carolina.Responsible for improving the overall financial strategy and position for AGY, including the improvement of treasury operations and cash management, monthly reporting and analysis, controllership routines, and operational… Show more AGY Holding Corp. located in Aiken, South Carolina is a $150 million private equity owned global developer, manufacturer and marketer of unique, value-added specialty glass fiber yarn for advanced composite applications with manufacturing locations in South Carolina.Responsible for improving the overall financial strategy and position for AGY, including the improvement of treasury operations and cash management, monthly reporting and analysis, controllership routines, and operational efficiency procedures.• Senior secured bank debt, senior secured second lien notes, and precious metal operating leases were amended and restructured resulting in a debt reduction of $73 million (34%) and a $12 million increase in borrowing capacity.• Partnering with the CEO, negotiated a technology transfer agreement and other related agreements with Owens Corning which provided an enhanced global competitive position, generating incremental annual Net Sales and EBITDA of approximately $19 million and $9 million, respectively.• Implemented improvements in demand forecasting, sales and operational planning with monthly business reviews. DSO declined 17% to 35 days, and DIO declined from 97 to 61 days.• Completed the disposition of affiliates producing commodity grade yarns in Shanghai and Pennsylvania. Show less

Greater Atlanta Area

A $500 million private equity owned global provider of highly engineered automated welding, specialty maintenance repair and industrial cleaning services to the nuclear, fossil power, petrochemical, and refinery industries. Portfolio companies included Welding Services, Inc (WSI), Southeastern Mechanical Services (SMS), HydroChem Industrial Services (HCIS), and Wheelabrator Air Pollution Control (WAPC).Responsible for directing business and financial strategy, improving treasury and… Show more A $500 million private equity owned global provider of highly engineered automated welding, specialty maintenance repair and industrial cleaning services to the nuclear, fossil power, petrochemical, and refinery industries. Portfolio companies included Welding Services, Inc (WSI), Southeastern Mechanical Services (SMS), HydroChem Industrial Services (HCIS), and Wheelabrator Air Pollution Control (WAPC).Responsible for directing business and financial strategy, improving treasury and financing operations, and establishing efficient controllership routines and operating procedures for the global operations of Aquilex Holdings LLC.• Developed and implemented initiatives focused on revenue growth, pricing, process improvement, productivity actions, and cost reductions in the automated welding services business (WSI). Revenues grew from $106 million in 2004 to $312 million in 2008. EBITDA improved 625% during this same period from 7.5% of revenues to 18.2% in 2008. • Successfully completed a consensual financial restructuring with 100% of Aquilex’s first and second lien debt holders and 92% of the holders of the 11-1/8% senior notes. As a result of a debt-for-equity exchange, Aquilex reduced its debt by over $300 million and reduced cash interest expense from over $41 million to $13 million.• Provided a leadership role in the sale of Aquilex from First Reserve Corporation (FRC), the initial private equity owner, to Harvest Partners (HP) in January 2007. Sale recovered FRC’s original investment value of approximately $200 million. Also provided leadership in selling Aquilex, after the acquisition of HCIS and SMS, to Ontario Teacher’s Pension Plan (OTPP) in December 2008 for two times HP’s equity investment.• In December 2009, participated in refinancing the mezzanine debt held by OTPP through the sale of $225 million of public bonds. In September 2010, an exchange offering was completed, and Aquilex became an SEC registrant. Show less

Warren, Mi And Charlotte, Nc

A $5.8 billion multi-industrial manufacturer and distributor of pumps and valves, test and measurement equipment, thermal equipment and services, and other industrial products and services.Responsible for developing and directing the business and financial strategy for the global operations of SPX Service Solutions ($1.5 billion manufacturer of specialty service tools and automotive diagnostic equipment) and SPX Flow Systems ($900 million manufacturer of industrial pumps and… Show more A $5.8 billion multi-industrial manufacturer and distributor of pumps and valves, test and measurement equipment, thermal equipment and services, and other industrial products and services.Responsible for developing and directing the business and financial strategy for the global operations of SPX Service Solutions ($1.5 billion manufacturer of specialty service tools and automotive diagnostic equipment) and SPX Flow Systems ($900 million manufacturer of industrial pumps and valves).• Combined the operating components of OEM products and services with the aftermarket business units creating SPX Service Solutions. Executed restructuring actions ($103 million in 1997-98 and $30 million in 2000) and established sound procedural fundamentals which contributed to growth in operating profit exceeding 105%. Operating profit as a percentage of revenues increased 400 bps from 1997 to 2001. • Acquired and integrated (1) a publicly traded UK manufacturer of air filtration products ($120 million), (2) a global manufacturer of air dehydration products ($65 million), (3) a multi-national business ($60 million) providing service manual authoring, labor time studies and training services, (4) a privately held Italian manufacturer ($25 million) of automotive testing and diagnostic equipment, and (5) a $50 million manufacturer of valves for the petrochemical industry. Led the disposition of a $35 million water valve manufacturer to a private equity buyer. Show less