Chief Financial Officer with over 30 years of PE, privately held and family-owned company experience, with the last 12 years in private equity. Industry experience is primarily centered around the manufacturing and distribution of industrial products/equipment and consumer goods in a variety of markets (including HVAC, food & beverage and automotive). Well versed in F, P & A, transparent financial reporting, dashboarding, modeling, costing, buy/sell side diligence, M&A, and liquidity/cash flow management (including lender compliance). Also have expertise working with all company life cycle stages from start-ups, growth businesses to turnarounds. Have participated in and actively contributed to various successful transactions/exits as the CFO for PE portfolio companies. Known as energetic and a hands-on team player with the ability to create and communicate impactful analysis with a unique insight, focused on adding value and driving growth. Recognized for also being adept at aligning the financial results to the company’s strategic plan and providing the information necessary to assist in decision making and goal measurement at each level of the organization. Thrive in fast-paced and challenging environments.A few key measurable successes include: •EBITDA increases from 10% of sales to over 15% due to contributions in developing growth initiatives and cost reduction suggestions while also improving financial accountability and overall profit/budget management.•Organic revenue growth increases of up to 10% by assisting in the creation of a new and innovative analysis, combining market data, vendor pricing as well as detail line-item customer/product profitability.•A proven track record of improving month-end financial close accuracy/timeliness while providing very effective dashboards (daily/monthly), empowering the stakeholders with the ability to easily monitor the results, eliminate monthly surprises, and enable quick course corrections, if necessary.
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Interim Chief Financial OfficerDockatot Jan 2022 - Oct 2022Wilmington, North CarolinaDAT, privately owned, is an international distributor of various infant products. Brought on to assist in financial analysis, personnel evaluation, recruitment and, most importantly, to prepare a financial deck to be used in selling the business. Left the business after successfully completing all assigned objectives. This was a ten month contract. -
Interim Chief Financial OfficerFond Du Lac Cold Storage Inc 2021 - 2022Edison, New JerseyFond Du Lac, PE owned, is a 3PL service provider of warehousing and delivery in the beverage industry with revenue near $40 million. Responsible for upgrading financial reporting (for internal and demanding external stakeholders) and creating a detailed analysis to enable understanding of true profitability on a customer-by-customer basis. Also successfully helped to manage cash during a lean time, satisfying vendors, lenders, and customers. Left after successfully supporting the transition to a full time CFO. -
Chief Financial OfficerHartland Controls 2018 - 2021Rock Falls, IllinoisHartland Controls, formerly PE owned, is a leading provider/distributor of electric control solutions for the HVAC industry. The company had sales near $60 million, sourced globally and sold to a diverse customer base in North America. Responsible for finance, treasury, and strategic planning. Brought on to help ready business for imminent sale. A few contributions included:Implemented an improved automated financial reporting package, participated heavily in providing diligence information requirements across all functions to eventual buyer of the business. Also initiated a companywide process improvement group and oversaw the creation of a completely new dashboard. Left the business after participating in a successful exit in January of 2021. -
Chief Financial OfficerEncore Repair Services, Inc. 2016 - 2018Dundee, IllinoisEncore Repair, PE owned, was a leading provider of repair and remanufacturing services for electronic mobile devices. The Company, with then expected revenue close to $250 million provided a full suite of services for U.S. wireless carriers and large corporations. Responsible for finance, IT, supply chain, and treasury.
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Chief Financial OfficerEci, Llc 2011 - 2016Elon, North CarolinaECI, LLC, PE owned, is an international manufacturer and distributor of energy related products serving various industries. The company had sales near $225 million with US and international operations. Responsible for finance, IT, and treasury. A few contributions included:Significantly participated in the sale which resulted in a high multiple to another PE firm and was key member of management team involved in all diligence, management presentations as well as compiling the CIM in a highly intense and competitive process. Simultaneously assisted in the diligence, closing and subsequent integration of a bolt-on acquisition with over $40mm in revenues annually. Overhauled the financial system as well as helped to professionalize the overall reporting and systems to ready the business for sale.Also supported the Company's two recapitalizations and the negotiation of a new credit agreement within a 12-month period.Played a significant role in the creation of a manufacturing and distribution center in China, helping to create revenue growth, margin improvement which ultimately led to a 6% EBITDA increase for the international business. Exited the business after a very successful transaction.
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Chief Financial OfficerGk 2005 - 2011Crystal Lake, Illinoismillion, with operations/partnerships in Canada, Thailand, China, and Europe. Responsible for overall strategic direction, acquisitions, finance, human resources, operations processes, and risk management. Also managed and maintained direct responsibility for the Asian and European Operations including Sales, Engineering, Production and Finance. Since taking over management of the international business, sales have doubled, and profitability has gone from 10% to contributing over 25% of the company’s EBITDA. Asian footprint first established during my tenure. A few contributions included:Immediately preceding the economic downturn in 2009, managed an increase of over four points to operating profit in the prior 12 months and completed an acquisition that added $25 million in revenue at 15% operating profit. Also orchestrated the business turnaround, taking the company from a loss to almost 10% EBITDA in the 18 months following the recession.
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Chief Financial OfficerRaynor Garage Doors 1999 - 2005Dixon, IllinoisRaynor, approximately $150 million in revenue, manufactured various building products, had multi-plant operations, and sold to over 35 countries. The Company was private, closely held and had transitioned to its third-generation owner as I joined the team. As an executive team member, was responsible for finance group, human resource function, risk management, management information systems, business process re-engineering department and overall company direction. Helped to improve the Company’s stock valuation by over 15% by focusing on cost cutting, improved capital, and balance sheet management, including debt restructuring and divestitures. -
Group Divisional ControllerMaclean Fogg Company 1995 - 1999Mundelein, IllinoisMacLean-Fogg, with total revenues nearing $600 million, was involved with the manufacture of automotive fasteners for a variety of applications. One of the divisions, after sustained heavy losses in multiple years but, during my tenure, achieved a two-year, $10 million swing in operating profit, going from a loss of $7 million to a profit of $3 million on 10% less revenues. -
ControllerAcsi 1994 - 1995Annapolis Junction, Maryland
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ManagerKpmg Us 1988 - 1994Chicago, Illinois
Michael B. Education Details
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Business Administration And Management, General -
Public Accounting
Frequently Asked Questions about Michael B.
What is Michael B.'s role at the current company?
Michael B.'s current role is Chief Financial Officer.
What schools did Michael B. attend?
Michael B. attended Northern Illinois University, Loyola University Chicago.
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Michael B.
Senior Software Engineer & Innovation Enthusiast | Full Stack Development | Seeking New ChallengesMiami, Fl -
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