Executive Vice President And Treasurer Resume
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Manchester, CT
SUMMARY:
- An innovative business leader and advisor who develops strategies that enhance business growth and profitability. Strong financial analytical skills lead to development and implementation of creative solutions incorporating acquisition and divestiture, merger, bank financing and general business initiatives. Extensive experience with privately held middle - market companies.
- Assesses company needs in terms of objectives, develops optimum strategies customized to specific situation, e.g. debt, capital investment, public offering, etc. Leads implementation, capitalizing broad relationships in the banking, legal and investment community.
- Seeks and identifies merger/acquisition partners, evaluates and recommends appropriate financing strategies, and leads transaction closure. Identifies and qualifies potential purchasers for divestitures. Negotiates transaction and required financing.
- Revitalizes failing companies through reorganization, restaffing, development of new business plans and refinancing. Leads turnaround effort, and/or advises management on implementation of winning strategies.
- Developed exit strategy for two clients that involved a merger. Raised $11 million of equity and $60 million in bank credit to consummate the deal. Owners received over $42 million while retaining equity in the new entity.
- Advised client intent on acquiring a competitor in financial difficulty to delay in order to reach a more favorable price. Competitor ultimately declared bankruptcy, saving $18 million in purchase price.
- Devised strategy for client to purchase needed equipment from a major company for a fraction of its value by offering to produce product for them. Strategy facilitated purchase of equipment valued at $1 million for $25K with $2..5 million in new business annually.
- Forestalled failure of a business by helping client develop a presentation to a large customer to renegotiate a contract that seriously threatened client’s cash flow. Aided in negotiations with customer, achieving $1 million settlement and avoiding bankruptcy.
- Devised and aided implementation to save client from bankruptcy filing by negotiating with suppliers to defer payables via a note payable over two years, and giving them 45 days credit in return. Strategy improved liquidity, facilitating return to profitability and set the stage for its eventual sale for $30 million.
PROFESSIONAL EXPERIENCE:
Confidential, Manchester, CT
Executive Vice President and Treasurer
Responsibilities:
- Developed framework to merge two companies into a new entity with the intent of an eventual sale or initial public offering.
- Managed relations with investment bankers and lending institutions. Sought and assessed potential acquisition candidates.
Confidential, Hartford, CT
Partner
Responsibilities:
- Partner in charge of the middle market practice, including business/client development. Managed broad variety of assignments for diversified client base.
- Supervised 30 professional and support staff .
Confidential, Hartford, CT
Partner
Responsibilities:
- Managed audit and consulting assignments in a broad range of primarily middle market companies.
- Developed new business clients, managed 10 - 15 staff, and oversaw business process from billing through collection.
Confidential, Hartford, CT
Manager
Responsibilities:
- Managed audits, reviews and other services for large and small clients.
