Rick Castle

Rick Castle Email and Phone Number

Profit & Growth: Business Turnarounds and Company Value Optimization @
Rick Castle's Location
Fairport, New York, United States, United States
Rick Castle's Contact Details

Rick Castle personal email

n/a
About Rick Castle

I work hands-on with business owners prior to sale to drive the critical changes required to sell their company at a maximum value that can be millions of dollars over the current valuation. I also help struggling companies turnaround their operations. In both cases, I focus on operations; improving profitability, increasing cash flow, accelerating growth, adding new channels, launching new products and services, and opening new markets to diversify the business. I have been an owner / CEO running two companies. I bought, built, and profitably sold a wholesale distribution company, and I was a partner and CEO managing the successful turnaround of a manufacturing company. And I have helped as a consultant drive results in succession, growth, and critical turnaround situations. I have had executive positions and consulting engagements in a variety of diverse industries and markets.Nearly half of the businesses that are sold were NOT for sale, and all owners should be ready for that unsolicited offer they should not refuse. Relatively modest improvements in EBITDA when combined with a small increase in multiples can result in realizing millions or tens of millions of dollars over the current valuation, securing an owner’s well-earned retirement and optimizing family wealth. I assure implementation of high impact initiatives to improve profitability, speed growth, and reduce risk to potential buyers via diversification of channels, markets, and suppliers, and through customer and employee retention. I know first hand that it is very difficult to implement substantive, sustainable, timely change while maintaining focus on critical day-to-day operations. I assure plans turn into results.

Rick Castle's Current Company Details
R. D. Castle Assoc. - Profit, Growth, Company Value Optimization

R. D. Castle Assoc. - Profit, Growth, Company Value Optimization

Profit & Growth: Business Turnarounds and Company Value Optimization
Rick Castle Work Experience Details
  • R. D. Castle Assoc. - Profit, Growth, Company Value Optimization
    Ceo
    R. D. Castle Assoc. - Profit, Growth, Company Value Optimization Jan 2010 - Present
    Rochester, New York Area
    I turn around business operations in troubled companies, and help healthy companies optimize results.I help manufacturers, wholesale distributors, technology companies, and not for profit organizations…..improving profitability and growth.In succession situations, I work pre-sale to implement initiatives needed to maximize the company value: optimizing EBITDA; reducing risk to the potential buyers; diversification of markets, customers, products, or channels; launching programs to improve customer and employee retention; and strengthening the management team, assuring leadership continuity. If the business is being transitioned to the next generation or an ESOP, I help assure the succession plan is fully implemented facilitating the transition.A full listing of client engagements is in the R.D. Castle Associates website. In one client engagement, I assisted a manufacturing company in workout return to profitability, adding a partner with complementary skills who could help build the business and buy it in the future at a higher value. I worked with a manufacturer of high tech products to improve earnings and diversify channels in preparation for sale. I turned around a printing company while positioning the owner’s son to run the business. I helped optimize the acquisition value of a distribution company, improving margins and EBITDA. I serve clients through R. D. Castle Associates, and in the past, consulted as part of The Bonadio Group.
  • R. D. Castle Associates
    Outsourced Ceo/Coo/Cmo; Sales & Marketing; Operations & Manufacturing
    R. D. Castle Associates Jan 2010 - Sep 2017
    Rochester, New York Area
    Serving organizations large and small as an outsourced CEO, COO, CMO, or functional manager providing companies ongoing management skills and capacity 10%-50% of the time and cost of a full time manager. Client assignments have included Acting CEO turning around a printing company, assisting an optical parts manufacturing company adjust to changing markets, developing a turnaround strategy for a mental health agency, optimizing the acquisition value of a distribution company, and more. Can fill a temporary vacancy, complete a major project, or become a permanent member of the management team, part time or full time as needed. Rick has served clients independently and as part of The Bonadio Group. Rick will assemble a team of world class experts to address the specific challenges facing a client.
  • Icon Design Llc
    Ceo
    Icon Design Llc Jul 2005 - Dec 2009
    Recruited to turn around this 50 employee manufacturer and marketer of exclusive high end furniture for the luxury interior design market. Built a new management team; implemented lean manufacturing; revamped product development with a customer focus; implemented a new catalog, web site and sales process; improved job costing dropping unprofitable products; and exited the contract manufacturing business. This resulted in a small, simple, but profitable company narrowly focused on our proprietary brand.
  • The Friendly Home
    Chairperson
    The Friendly Home Jun 2006 - Jun 2008
    Worked with the professional staff to lead this premier not for profit 200 bed nursing home through a $22 million renovation and $3MM capital campaign, positioning the organization to service our next generation of seniors.
  • Pics Telecom
    General Manager
    Pics Telecom Sep 2001 - Jun 2005
    Professionalized this growing highly profitable telecom asset recovery and technology sales company, while launching new services for major customers.
  • Horizon Solutions
    Senior Vice President
    Horizon Solutions Jun 1998 - Aug 2001
    Managed Sales and Marketing for this $100 Million supply chain services company, repositioning from a distribution company to a services business.
  • R.D.Castle Associates
    Ceo
    R.D.Castle Associates Jun 1991 - Jun 1998
    Providing interim management and consulting services to Compaq, Lucent, Loctite, Frontier Communications, Xerox, Kodak, RG&E, Alling and Cory, Industrial Distribution Group, H&C Tool, Vehicare, and a variety of not for profit organizations.
  • Greene Douglas
    Ceo/Owner
    Greene Douglas Jun 1987 - Jun 1991
    Acquired this 50 person distribution company growing operating earnings six fold and profitably selling the company.
  • Case Hoyt
    Vice President
    Case Hoyt May 1979 - Sep 1986
    Held senior positions in this $100 million printing company and direct response agency including Sales and Marketing Manager, and Operations Manager of our high quality web printing plant. Refocused efforts and resources on growing profitable markets.
  • Eastman Kodak
    Planner
    Eastman Kodak Jun 1976 - May 1979
    Strategic Planning working with the divisional executive team while launching Kodak’s Copier Division.

Rick Castle Skills

Business Strategy New Business Development Strategic Planning Mergers Business Development Budgets Negotiation Start Ups Financial Analysis Contract Negotiation Account Management Project Management Business Planning Management Consulting Sales Management Team Building Microsoft Excel Due Diligence Sales Change Management Marketing Mergers And Acquisitions Product Development Strategy Management

Rick Castle Education Details

Frequently Asked Questions about Rick Castle

What company does Rick Castle work for?

Rick Castle works for R. D. Castle Assoc. - Profit, Growth, Company Value Optimization

What is Rick Castle's role at the current company?

Rick Castle's current role is Profit & Growth: Business Turnarounds and Company Value Optimization.

What is Rick Castle's email address?

Rick Castle's email address is rc****@****dio.com

What schools did Rick Castle attend?

Rick Castle attended Northwestern University - Kellogg School Of Management, University Of Colorado Boulder - Leeds School Of Business, Phillips Academy Andover.

What skills is Rick Castle known for?

Rick Castle has skills like Business Strategy, New Business Development, Strategic Planning, Mergers, Business Development, Budgets, Negotiation, Start Ups, Financial Analysis, Contract Negotiation, Account Management, Project Management.

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