Thomas M. Mccafferty Email & Phone Number

Triumph CFO Services is a consulting company I founded to provide CFO services to small, mid-market and growing companies. It is designed to help companies in the following phases: startup, growth, transition, and crisis.Accomplishments1. Completed the bankruptcy, recapitalization and startup of a specialty construction company.2. Finalized the due diligence, startup and staffing layout for a manufacturing company purchased by a European private equity group.3. Separated a trucking company from its parent company. Created a new starting point, set up the books and hired the office staff.4. Prepare a multi-company manufacturing company for sale. Brought the books current, prepared documents needed for due diligence, prepared and implemented a employee retention plan and negotiated buy out of minority shareholders.

Aurora, Ohio, Us

Westpatrick is a privately owned holding company with over 500 employees and annual volume in excess of $200 million. Company interests ranged from advertising and aviation to prestressed concrete and construction.Accomplishments1. Put in place a new $80 million banking arrangement.2. Established fiscal controls and improved financial reporting for the fast growing outdoor advertising company and their partnerships.3. Separated the financial functions and support of Westpatrick from the subsidiary companies.

An eighty-year-old company principally involved in ready-mix concrete, quarry operations and trucking - composed of fifteen companies involved in five different industries.When I joined Collinwood in 2003, the company was on the verge of financial disaster. My appointment to CFO was the result of a strong recommendation from the creditor bank who was demanding that Collinwood management hire a competent financial executive. Due to my numerous successes associated with cost cutting, revenue enhancement and the sale of non-strategic assets, the company was profitable for the period of 2004-2007 and had an operating profit in 2006 and 2007, results that had only been attained once in the previous eight years. Unfortunately, due to continued ownership issues and a collapse of the Northern-Ohio ready-mix market, Collinwood went into a receivership in March 2010.Accomplishments1. Using risk analysis and competitive bidding, reduced insurance costs my first year by 20% while increasing coverages and reducing exclusions. Annual insurance costs were reduced by more than 50% during the time of my employment. Savings were in excess of $1,200,000.2. Compiling past and future costs and using court approved delay analysis, prepared two claims for delay, acceleration, idle equipment and unabsorbed overhead resulting in over $2,000,000 of additional profit to the bottom line.3. After reviewing the cost, benefits and funding of the current pension plan, froze the pension plan and merged profit-sharing plan into a new 401k plan to dramatically reduce future costs. Coordinated the education and training needed for employee buy-in of the new retirement plan.4. Inheriting an old vehicle fleet, negotiated the financial and contractual terms for a new bank line of credit and the purchase of more than $4,000,000 of new equipment and trucks.5. Coordinated the purchase, installation and start up of new computer system and GPS tracking program.

A seventy-five year old heavy-highway construction company ranked in the top 20 bridge contractors in the United States. Purchased in 2001 by Balfour Beatty PIC, a 10 billion dollar global contractor.Served as Chief Financial Officer, Corporate Secretary and Treasurer on the Board of Directors, Trustee and Plan Administrator for ESOP, 401k and Employee Benefit plans.Accomplishments1. Faced with financial problems, lead the Board of Director’s actions toward management change out and turnaround of a failing company. Assumed a critical role in the actual turnaround of the company to profitability.2. Once company was profitable, had a key role in the successful sale of company to European buyer. Responsibilities include management presentations, due diligence and contract negotiation.3. Designed, implemented and completed employer stock repurchase program to rescue ESOP Trust from default while reducing future corporate liability.4. Negotiated financial and contractual terms for a new $10.75 million bank line of credit.5. Implemented cost and expense reduction program to stabilize corporation until effects of turnaround were realized.6. Maintained health insurance costs below industry averages by annually evaluating different providers versus current self-insurance program and making changes as needed.7. Negotiated terms and conditions of annual insurance premiums. Successfully negotiated the change of the insurance program from a retrospective plan to flat fee plan.Vice President (1994-2002)Controller (1989)Manager of Accounting (1983)Staff Accountant (1979)

Bsba, Accounting

Education record