AREAS OF EXPERTISE
FINANCIAL MANAGEMENT
§ Oversaw the expansion from eight to 30 locations, revenue growth from $20 to $85 million and a 275% increase in EBITDA, while becoming the largest operator of off-airport parking in the U.S.;
§ Delivered strong operating results with total annual revenue growth of 27% (7% comparable locations) and EBITDA growth of 45% (19% comparable locations);
§ Spearheaded the integration of three portfolio companies into a single operating unit while reducing costs by $1.5 million and streamlining the accounting, budgeting and financial reporting functions;
§ Consolidated four operating units and instituted process improvements and expense controls which decreased monthly burn rate by 45%;
§ Oversaw the expansion from a single store to ten while growing revenues 300% in three years;
§ Increased revenues by 32%, while reducing operating losses by 350% in first year of financial turnaround.
BUDGET AND FINANCE
§ Facilitated the successful IPO of the holding company (NYSE-MIC) in 2004;
§ Coordinated the refinancing of the $200 million loan portfolio, which resulted in a 24% reduction in rates;
§ Led six operating companies through zero-based budgeting process and managed full year operating expenses to within 0.25% of budget;
§ Implemented 13 week rolling cash forecast across four newly acquired business units in three weeks;
§ Participated in National Cost Recovery Task Force which generated $500 million in realized client savings.
OPERATIONS AND RISK MANAGEMENT
§ Established risk management framework that achieved compliance with Sarbanes-Oxley within first twelve months and a 55% reduction in insurance premiums after two years;
§ Conducted system assessment, vendor selection and implementation of $1 million ERP system;
§ Designed and launched a new integrated website consolidating seven different websites and eliminating redundant hosting, maintenance and administration costs totalling $350,000 annually;
§ Established self-funded medical plan reducing premiums by 25% while providing better coverage/benefits;
§ Recruited, hired and trained new diversified senior management team to transition leadership from founders to professionally managed organization.
STRATEGIC PLANNING
§ Developed strategies to gain market share in off-airport parking by shifting focus to leisure traveller with the goal of achieving number one ranking in the U.S. within two years;
§ Surpassed all competitors as number one operator in the U.S. industry for all categories within three years;
§ Designed and executed the strategy to expand credit services to include travel services, insurance, retail auto sales and rent to own. Division was later spun off into separate publicly traded company;
§ Launched a new brand, decreased overhead by 30% and restored firm to profitability within three months;
§ Oversaw the assessment and selection of a new national brand Fastrack Airport Parking and the implementation of the marketing plan to roll out to all 20 U.S. markets;
§ Implemented a comprehensive human resource strategy that reduced annual turnover from 135% to 42% and achieved a 92% employee satisfaction rating for employee base of over 1,100;
§ Doubled revenues in less than three years by introducing new services, marketing programs and specialty merchandise targeting the Hispanic consumer market;
§ Developed and executed the change management strategy that transformed this family-run business to professionally managed and regional powerhouse in two years;
MERGERS & ACQUISITIONS
§ Assisted private equity owners in the sale of four home service business units with combined revenues of $165 million, achieving an EBITDA multiple in excess of 9 times;
§ Integrated three separate portfolio companies into single operating unit while introducing new operating philosophy and corporate culture emphasizing service excellence;
§ Participated on three successful sell-side engagements with enterprise values totalling $140 million;
§ Instituted due diligence process that was utilized to acquire two portfolio companies totalling $130 million;
§ Completed three acquisitions in four months totalling $28 million;
§ Conducted the due diligence, negotiations and financing for the acquisition of a $25 million retail chain.
FINANCIAL REPORTING AND COMPLIANCE
§ Created consolidated financial reporting package for seven newly acquired business units which included KPI dashboard, business unit flash reports, debt covenants and GAAP based financial statements;
§ Streamlined SEC reporting, including 10K and 10Q, resulting in a 30% reduction in the length of reports;
§ Developed business plan, financial projections and road show presentation to secure multiple rounds of venture capital funding;
§ Improved financial reporting cycle and processes which resulted in 65% reduction in audit fees;
§ Restructured the accounting function for private equity client and implemented cash flow forecasting and budgeting process to align operations with accounting functions.
PROFESSIONAL EXPERIENCE
WRENCH GROUP, LLC GROUP CHIEF FINANCIAL OFFICER ATLANTA, GA
LOCATION BASED TECHNOLOGIES, INC. CHIEF FINANCIAL OFFICER IRVINE, CA
TRAFFIC CONTROL AND SAFETY CORPORATION - OPERATING PARTNER /CFO NEWPORT BEACH, CA
MACQUARIE AMERICAS PARKING CORPORATION, INC. CEO/CFO DOWNEY, CA
JEFFERSON WELLS INTERNATIONAL, INC. REGIONAL MANAGING DIRECTOR IRVINE, CA
MUSICIAN.COM INTERNET NETWORK- CHIEF FINANCIAL OFFICER WESTLAKE VILLAGE, CA
EDUCATION
MASTERS BUSINESS ADMINISTRATION
University of California Los Angeles Los Angeles, CA
BACHELOR OF SCIENCE-ACCOUNTING
Boston College Chestnut Hill, MA
PROFESSIONAL AFFILIATIONS
Certified Public Accountant (Active) - Massachusetts
Series 79 and Series 63 Securities Licenses |
