Steve Adolph

Steve Adolph Email and Phone Number

CEO | Private Equity | Independent Board Director @ Midwest Trading Group & TYLT
Steve Adolph's Location
Greater Chicago Area, United States, United States
Steve Adolph's Contact Details
About Steve Adolph

Steve has an impressive CEO track record of being both a Fixer and Builder for companies with $25-$250 million of revenue. Four different times Steve has doubled revenue and EBITDA in 2-3 years by transforming go-to-market strategy, driving operational efficiency, and helping companies punch above their weight with limited resources. He has turnaround success at two companies by transforming meaningful losses to positive EBITDA in less than two years. Steve understands that transformative change needs to happen fast and he helps organizations quickly focus their key resources by leveraging a strong sense of pattern recognition inherent in most lower middle market companies. And he has a unique ability to keep teams engaged and motivated while going through significant change.He is insatiably curious about the world. Duke BA and Kellogg MBA with honors.• B2C – Consumer packaged goods, consumer durables, toys/games, and luxury.• B2B2C – Professional services: retail merchandising and retail displays for Fortune 500.• RETAILERS – Deep Experience with Big Box (Walmart, Target, Amazon), Specialty/Independent• M&A – Expertise with acquisitions, integrations, and divestitures of 10+ companies.• GLOBAL – Expatriate in Singapore/Sydney. Expertise in Latin America, Europe, Africa, Asia/Pac.• COMPANY STRUCTURE – Experience with Private Equity (5 companies), Family Owned, Public.• Strategic Planning• AI• Innovation• Leadership• P&L responsibility• Retail Expert• Consumer Packaged Goods• Consumer Electronics• Consumer Durables• International Experience • Omnichannel• Sales Management • Social Media• Marketing Management• Data-driven• Predictive Analytics• Technology• eCommerce• High performance teams• Winning cultures• Middle Market expertise• Entrepreneurial

Steve Adolph's Current Company Details
Midwest Trading Group & TYLT

Midwest Trading Group & Tylt

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CEO | Private Equity | Independent Board Director
Steve Adolph Work Experience Details
  • Midwest Trading Group & Tylt
    Chief Executive Officer
    Midwest Trading Group & Tylt Sep 2024 - Present
    Downers Grove, Illinois, Us
    A private equity owned consumer electronics and consumer goods company focused on mobile accessories (charging stations, charging cables, power banks, Bluetooth speakers). Products sold through leading Food, Drug, Mass, Club, and Specialty. TYLT brand acquired in September 2023 has patented products such as Hydration bottles with built in Bluetooth speakers or wireless charging.Midwest Trading Group sells consumer brands such as The Voice, Powerxcel, Itek, Soundlogic, and Audiolux,
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  • Marquee Event Group
    Independent Board Director
    Marquee Event Group Jun 2022 - Present
    Mccook, Il, Us
    Marquee Event Rentals is a service oriented, technology driven company that has provided complete rental solutions for the past 80 years. Whether a back yard party or national festival, our creative design consultants are excited to plan your next event. 100% Committed. Every Day. Every Event. Private Equity Owned.
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  • Playmonster
    Chief Executive Officer
    Playmonster Jan 2023 - Mar 2024
    Beloit, Wi, Us
    PlayMonster is a leading global toy and game company with popular brands such as Disney Trivia, Spirograph, Playskool, Koosh, Five Crowns, and 5 Second Rule. Private Equity Owned by HIG and Adam Street Partners.Key Accomplishments:Engineered a turnaround of the business transforming meaningful losses into profitability. Dramatically improved the liquidity of the business through inventory reductions, SKU rationalization, operating expense reductions and new financing.Significantly improved operational performance by launching a monthly set of processes that led to better forecasting, S&OP discipline, timely new product launches and enhanced retailer and marketing spend ROI.Launched the #1 new children's game in 2023 -- Pigs on Trampolines and won the Toy of the Year Award in both 2022 and 2023 even though PlayMonster competes with much larger toy companies.
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  • Playmonster
    President
    Playmonster Sep 2022 - Dec 2022
    Beloit, Wi, Us
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  • Rapid Displays
    Chief Executive Officer - Rapid Displays & Outform
    Rapid Displays 2021 - 2022
    Chicago, Il, Us
    Owned by Private Equity Firm Gemspring Capital, Rapid Displays and Outform have partnered to form one of the world's largest retail marketing groups with innovative visual and display solutions especially in the consumer electronic space. Their roster of blue chip clients is unparalled in the industry: Amazon, Anheuser-Busch, Apple, Facebook, Google, Intel, Samsung, Sephora, & Target.Key Accomplishments:Revenue grew 20% through key RFP wins with Intel and Facebook and expansion of business with current customers such as Sephora, Ulta & Target.Led integration of Rapid Displays and Outform (acquired April 2021) which generated close to $8 million in cost savings through rationalizing the infrastructure/headcount.Led operational project which identified $7 million in savings and provided a global process roadmap to standardize the value chain across 5 different manufacturing facilities – over 1 million sq. feet.
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  • Spar Group
    President International Division
    Spar Group 2016 - 2021
    Auburn Hills, Mi, Us
    SPAR is a $250 million global retail merchandising company providing labor, technology and omnichannel solutions for primarily Fortune 500 clients such as P&G, Nestle, Coke, Pepsico, Red Bull, Reckitt Benckiser, Cargill, Kimberly Clark, Nivea, Apple, and WalmartCorporate Officer with full P&L responsibility who more than doubled revenue and EBITDA in 2 years for the $165 million International Division encompassing 950 professional staff and 20,000 merchandisers based in Australia, Brazil, Canada, China, India, Japan, Mexico, South Africa, and Turkey. Key Accomplishments:Increased revenue from $75 million to $165 million while increasing EBITDA 165% after inheriting a business that was not growing for 3 years prior to my arrival.Leading the company’s global COVID-19 response and driving best practice response.Established a business intelligence consulting function where we have been able to pivot from just providing labor to providing data analytics that consolidate 3 streams of data: execution, scanner and loyalty.Pivoted company to provide physical AND virtual services to our customers.Led team that won $100 million, 5-year RFP – the largest in our 50-year history.As an authority on global retail trends, consult with our Fortune 500 clients on how to merge physical and online retail into an omninchannel approach.
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  • Steve Adolph Strategic Consulting
    Principal
    Steve Adolph Strategic Consulting 2015 - 2016
    Retained by one of Chicago’s leading PE firms to lead the acquisition process to acquire Bubbies Mochi Ice Cream, a 30 year-old market leading frozen treat manufacturer. Conducted all the strategic, operational and financial due diligence with the intention to be new CEO. Reached LOI stage of process.
  • Kalamazoo Outdoor Gourmet
    President
    Kalamazoo Outdoor Gourmet 2012 - 2014
    Chicago, Il, Us
    More than doubled revenue and EBITDA in 2 years for manufacturer of high-end, luxury outdoor grills, pizza ovens, and refrigeration. Hybrid Fire Grill ($15-$20K retail price) consistently rated the best grill in the world. Held full P&L responsibility, managing Chicago corporate HQ and Kalamazoo, MI manufacturing plant. Reported to Chairman of privately held company.Key Accomplishments:• Increased revenue 118% and EBITDA 352% in 2 years. Revenue growth of 51% in 2014; improved gross margin by 6 points with manufacturing efficiencies. • Negotiated new distribution at key retailers (Williams-Sonoma, Restoration Hardware, PIRCH).• Led complete overhaul of eCommerce platform which drove a significant increase in sales• Implemented new website with stronger lifestyle orientation and revamped all social media properties.• Developed new marketing approach combining print ads and targeted cooking events for publications such as Robb Report, Town and Country, and Saveur• Cultivated relationships and staged events with high-profile celebrity and business customers to generate incremental sales via recommendation and word-of-mouth.• Launched company-wide performance development and objective/key result process, increasing focus, improving execution and contributing to revenue and EBITDA growth.• Led international expansion plans with 2014 implementation in Canada and 2015 in Europe.
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  • Oil-Dri Corporation Of America
    Vp B2B And International Consumer Products
    Oil-Dri Corporation Of America 2011 - 2011
    Chicago, Il, Us
    Leading manufacturer of clay-based industrial and consumer products. Revenues of $250M and NYSE listed.P&L responsibility for four global divisions: International Cat Litter, Agricultural Products, Animal Health and Fluid Purification, with ~$100M in revenue and staff of 100. Reported to President/CEO.Key Results:• Turned around Animal Health division through focus on Brazil, Mexico, China, and Japan. • Restructured Canadian and UK Branded and Private Label cat litter business to achieve profitability • Involved in launch of revolutionary new light weight cat litter for US and international divisions.• Led R&D function to improve team dynamics, drive more new products & innovation pipeline.• Drove 100% adoption of salesforce.com to manage customer opportunities.
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  • Cott Beverages
    Vp Marketing
    Cott Beverages 2010 - 2010
    Rotterdam, South Holland, Nl
    Short tenure due to reorganization after 2010 merger with Cliffstar Beverages.$2.3B producer of private label beverages for retailers (Walmart, Kroger, Safeway, Supervalu, HEB, Publix, Aldi, CVS, and Dollar General). NYSE Listed.Led marketing and strategy for $1B+ US private label beverage business with 5,000+ SKUs and customers such as Walmart, Kroger and Dollar General. Managed staff of 15. Reported to PresidentKey Results:• Created 3-year strategic plan and roadmap for 10 beverage categories• Led marketing efforts for Walmart, with over 100 Cott private label SKUs.• Developed Walmart business case to secure permanent listing of energy drinks and secured first national energy drink promotion.• Led integration of Cott and Cliffstar marketing efforts and developed merged company website. • Developed social media strategy for Facebook, Twitter, YouTube, and location-based platforms.
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  • Invacare
    Ceo Australia, New Zealand And Asia
    Invacare 2007 - 2009
    Elyria, Ohio, Us
    World’s leading manufacturer of wheelchairs, beds, pressure care mattresses, respiratory therapy and aids for daily living for nursing homes, hospitals and homes. NYSE listed with revenues of $1.8B.Full P&L responsibility for the company’s medical equipment operations in Asia/Pacific with a particular emphasis on Australia/NZ. Revenue of $70 million and 200 employees. Reported to COO.Key Results:• Turned around Australia business by integrating four acquisitions, shutting down 3 manufacturing plants and moving overseas, and establishing consistent products and processes across 5 locations.• Achieved $4M+ increase in profitability and double-digit growth in sales through focused segmentation, targeting and positioning of multiple product categories and channels. • Reduced working capital through reduction of over 7000 SKUs• Led project to convert region to one integrated JDE IT platform from six different systems.
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  • Sentry Group
    Vp International
    Sentry Group 2003 - 2006
    Rochester, Ny, Us
    Global leader of branded and private label fire-resistant/security safes distributed primarily in big box retailers. Privately held with revenues of $150MDoubled revenue and EBITDA over three year period after taking over a business with low single digit growth rate. Full P&L responsibility for global leader in fire resistant and security safes operations in 60 countries with an emphasis on Asia/Pacific and Europe. Managed team of 30 and legal entities in China, Japan, UK and Brussels. Primarily distributed in global 100 retailers. Reported to CEO.Key Results:• Transformed stagnant businesses in Europe and Japan into 30% annual growth rate. • Established private label manufacturing relationships for 10 European retailers. • Appointed 10 new international distributors and agents to increase geographic footprint.• Created China sales/marketing entity and developed go-to-market strategy
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  • Equal/Nutrasweet Sweetener (Owned By Private Equity And Prior Monsanto)
    Vice-President And General Manager Asia/Pacific And Other Positions
    Equal/Nutrasweet Sweetener (Owned By Private Equity And Prior Monsanto) 1992 - 2003
    Managed $100M P&L for Asia/Pacific business with responsibility for 3 divisions and 150 employees including 40 person sales force and 70 person manufacturing plant. Reported to COOKey Results:• Created new Asia/Pacific organization that more than doubled revenue (140%) and EBITDA (250%)• Attained #1 market share position in 10 of 13 countries and drove annual 20-30% revenue growth, 30-40% profit growth • Led expansion into private label sweetener business to offset share loss associated with private label expansion throughout the region.• Key member of divestiture team managing due diligence and transition to Private Equity

Steve Adolph Skills

Strategic Planning Consumer Products Marketing Strategy Cross Functional Team Leadership Social Media Marketing Sales Management Global Marketing Market Research Marketing Communications Social Media Market Analysis Global Management Salesforce.com Change Management Customer Service Customer Acquisition Direct Marketing Strategy Development Email Marketing Global Business Development Corporate Branding Online Marketing Global Strategy Manufacturing Lean Manufacturing Web Analytics Web Development International Sales Strategic Sourcing Global Sourcing Global Operations Global Logistics Customer Retention Inventory Management Financial Analysis Financial Modeling Financial Management Corporate Finance Board Presentations Board Reporting Manufacturing Operations China Sourcing China Business Development Asia Pacific Latin America Europe Consumer Durables Food And Beverage Healthcare Industry Government Relations

Steve Adolph Education Details

  • Northwestern University - Kellogg School Of Management
    Northwestern University - Kellogg School Of Management
    Marketing
  • Duke University
    Duke University
    Political Science
  • Latin School Of Chicago
    Latin School Of Chicago

Frequently Asked Questions about Steve Adolph

What company does Steve Adolph work for?

Steve Adolph works for Midwest Trading Group & Tylt

What is Steve Adolph's role at the current company?

Steve Adolph's current role is CEO | Private Equity | Independent Board Director.

What is Steve Adolph's email address?

Steve Adolph's email address is sa****@****inc.com

What schools did Steve Adolph attend?

Steve Adolph attended Northwestern University - Kellogg School Of Management, Duke University, Latin School Of Chicago.

What skills is Steve Adolph known for?

Steve Adolph has skills like Strategic Planning, Consumer Products, Marketing Strategy, Cross Functional Team Leadership, Social Media Marketing, Sales Management, Global Marketing, Market Research, Marketing Communications, Social Media, Market Analysis, Global Management.

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