Wayne Foley Email & Phone Number

Solon, Ohio, Us

Kyntronics Inc. was formed by former managers and engineers of Cleveland Motion Controls to develop, market and manufacture innovative motion control products incorporating electro-hydraulic and electro-mechanical technology. Kyntronics products include actuators and actuation systems based on unique mechanical designs, coupled with electronics and embedded software to create efficient, accurate and cost-effective solutions. Kyntronics unique SMART Hydraulic Actuator combines the power of hydraulics with the precision of servo control resulting in an actuation solution that is ideal for applications requiring precise control over position, force and speed, required in demanding industrial, aerospace and medical equipment industries.

Midwest Precision and it's subsidiary; Kyntronics Inc. was formed by former managers and engineers of Cleveland Motion Controls to develop, market and manufacture innovative motion control products incorporating electro-hydraulic and electro-mechanical technology. Kyntronics products include actuators and actuation systems based on unique mechanical designs, coupled with electronics and embedded software to create efficient, accurate and cost-effective solutions. Kyntronics unique SMART Hydraulic Actuator combines the power of hydraulics with the precision of servo control resulting in an actuation solution that is ideal for applications requiring precise control over position, force and speed, required in demanding industrial, aerospace and medical equipment industries.

Eastlake, Ohio, Us

Midwest Precision was formed in Oct 2010 to acquire the assets and business operations of Midwest Screw Products. The company specializes in machining exotic materials including Stainless, Titanium, Inconel etc. providing close tolerance, complex machined components and assemblies to the aerospace, defense and industrial markets.In 2012, the company launched a motion control / engineered products business unit called Kyntronics fka Kyntrol. Kyntronics primary focus is developing and marketing innovative actuation technology and actuation systems that are sold to multiple market verticals.

Lee Capital Acquisition is a Private Equity firm with the objective of acquiring and operating Engineered Product / Niche Manufacturers and Service providers in the Industrial, Aerospace, Medical, Energy and other market segments.I am leading the deal origination, evaluation and due diligence process for Lee Capital’s platform investments. I will then transition to operate the acquired business.

Stamford, Connecticut, Us

A $75M division within the $1.6B Motion & Flow Control Group of ITT Corporation (NYSE; $11B). The company produces computer-based motion controls and precision electro-mechanical motion control components, engineered systems and aftermarket services for industrial and aerospace markets. Full P & L responsibility.• Joined the company to lead a successful turnaround during a severe industrial recession. Recruited a completely new Senior Management team and improved profitability from an operating loss to sustained 15% - 20% EBITDA margins.• Positioned the company for sale to ITT Corporation in 2007 resulting in a valuation of five times book value and a successful exit for the shareholders.• Led the integration of Cleveland Motion Controls into the ITT Management System following ITT’s acquisition of the company through aggressive implementation of ITT best practices including Goal Deployment, Leadership Development, Lean/Six-Sigma, Strategic Planning and corporate compliance.• Successfully proposed, led due diligence, and completed a strategic acquisition adding $15M of sales and positioned the combined business for substantial growth and operational synergies.• Developed and executed a strategic plan that transformed the company from having multiple fragmented product lines to three market-focused business units resulting in sustained double-digit profitable sales growth.• Increased sales 300% through new product introductions, development of new vertical markets, international business development and two acquisitions.• Launched an aerospace business unit that grew from a start-up concept to $14M in sales in three years and $46M in long-term contract commitments.• Championed the implementation of lean/six sigma through kaizens, value-stream mapping and low-cost-region sourcing initiatives that improved labor and material productivity by 4% - 5% year-over-year on a sustained basis.

New Britain, Ct, Us

A $60M division of The Stanley Works (NYSE; $4B). The company produces microprocessor-controlled nutrunners, engineered assembly systems and aftermarket services for the global motor vehicle OEM industry. Full P & L responsibility.• Increased Sales 70% through new product introductions, market share growth, and an acquisition.• Improved operating income 20% despite headwinds of market-led price declines in two core product lines.• Increased European sales 30% in a 2% growth market through resource reallocation and improved customer service.• Improved on-time delivery 300% and reduced order fulfillment cycle time by 50% through product line simplification and implementation of cellular assembly methods.• Restructured operations by closing two facilities and improved labor productivity through kaizen initiatives resulting in $3.2M of overhead and SG&A cost savings improving divisional productivity by 33%.• Implemented lean initiatives that improved cash flow through increased working capital turns resulting in a 40% reduction in domestic accounts receivable and a 25% reduction in inventory

The company produces microcomputer-based assembly tool controllers and plant floor data collection systems for the domestic motor vehicle OEM market.• Championed development of five successful new products and three new product platforms resulting in over $25M in new product sales revenue over a four year period.• Created the common fastening platform marketing strategy providing the company a sustainable competitive advantage resulting in 300% sales growth and #1 share at General Motors and Chrysler final assembly plants.• Developed and implemented a strategy that combined the strengths of the company’s nutrunner controller products with its networking expertise resulting in over 90% market share while locking out the competition at ten Chrysler Corporation final assembly plants over a four-year period.• Convinced Chrysler Corporation to select Beta Tech for development and installation of a plant-wide production quality data collection system over much larger rivals (including IBM, H-P, and Allen Bradley). The successful pilot led to nine additional system implementations and nearly $15M in revenue.

Developed and implemented sales strategies for all North American Chrysler and General Motors Plants