President
CurrentManage all aspects of two private equity funds with remaining investments in four middle market manufacturing and distribution businesses.Serve as the key partner responsible for sourcing new deals, negotiating and closing acquisitions, and developing business strategy for this Private Equity group specializing in acquiring distressed and often bankrupt middle market businesses. Lead the executive teams of each company through the re-financing, re-building, and re-establishing growth processes associated with emerging from distressed status. Direct management teams on site at each business in all aspects of the strategic changes. Prepare businesses and assets for resale and secure purchasers for the businesses. Serve as the main contact for investment banks, lenders and alternative investment sources as well as investors in the fund. Key Achievements:Acquired private label cosmetics manufacturer in New Jersey from founding family. Streamlined manufacturing while growing sales and closing a strategic add-on acquisition. Served as Chairman.Acquired brass foundry in Alabama through section 363 sale in Ohio bankruptcy case of corporate parent. Hired former management team to reinvigorate this 'corporate orphan' operation. Sales increased 30% immediately and multiple new products have been developed. Excess real estate has been sold for investors' benefit. Serve as Chairman.