Marc Schechter Email & Phone Number

Co-led strategic decision-making in the acquisition, turnaround, and growth of distressed businesses. Managed due diligence process, negotiated purchase with owners, and led turnaround of portfolio companies by growing EBITA profits and controlling costs. Right-sized organizations to maximize efficiency and drive sales. Negotiated bank credit agreements to reduce interest costs.CEO – Perfect Fit Industries (2011 – 2016) Acquisition of The Anderson GroupSelected by The Anderson Group to lead transformation of this portfolio company while retaining partnership responsibilities. Directed operations, finance, P&L, manufacturing, and HR. Supervised four senior executives and a total workforce of 500+.> Challenge: To turn around a poorly-managed and unprofitable $100M company that had lost $2M in the previous year and was in default with its lenders. > Actions: Reduced costs $4.0M by replacing key management, closing unprofitable plants, streamlining purchasing, moving production, and renegotiating supplier pricing. Eliminated unprofitable sales, improved financial reporting, and updated inventory control process.> Results: Transformed company from a $2M loss to a $2M profit within one year. Increased profitability annually to ultimately achieve a 25% margin. The Anderson Group was able to exit the investment in five years at a substantial multiple of EBITDA.

New York, Ny, Us

Held full P&L responsibility for this $250M company. Managed five direct reports, a team of 250 employees in the U.S., and 1600 employees overseas. > Grew Geneva Watch business 100% from 2004-2005 by leading two post-sale acquisitions, and led integration to maximize profits.> Opened and staffed an ISO certified manufacturing facility in China. Recruited managers in China to direct 1600 employees producing 15M units annually.> Opened a new, 250,000 sq. ft. distribution center in Canton, Michigan.> Fostered a culture of accountability by hiring best-in-class staff. Improved performance by instituting a team approach to customer service and establishing a staff incentive program.

> Grew Advance Watch from $40M to $110M through organic business expansion – laying the groundwork for its eventual profitable sale.