Real Estate Project

CALVIN J. STOLLE, CPA

**** ****** ****, ******* *******, KS 66207

******.******@*****.***

913-***-**** (Cell)

913-***-**** (Home)

CORPORATE FINANCE EXECUTIVE

Corporate Finance / Risk Management / Acquisitions / SEC Reporting

Financial Services / Regulated Industries / Public, Private-Equity, ESOP Ownership / International

QUALIFICATIONS PROFILE

Executive leadership and industry experience in energy production & exploration, insurance agency, engineering & construction, manufacturing, real estate, agri-business, transportation, food processing, and financial services industries. Financial and risk management accomplishments in diverse, international industries with complex ownership, capital-intensive operations and metric driven reporting structures. Sourced, negotiated and closed over 25 strategic acquisitions, in multiple industries and on a world-wide basis. Big 4 (KPMG) experience in providing accounting and consulting services to manufacturing, distribution, retail, financial services, real estate and professional sports companies.

PROFESSIONAL EXPERIENCE

CMF ASSOCIATES, LLC, Philadelphia,PA (August 2012 to Present)

Interim CFO consultant for DALBO Holdings, LLC, a private equity-backed energy services company, with current revenue of $200 million and 800 employees. Responsible for restructuring and integrating operations in Utah, New Mexico, Pennsylvania and Texas. Reporting to CEO and private equity firm.

ASCENSION INSURANCE, INC, Kansas City, Missouri (April 2008 to July 2012)

Private equity-backed insurance agency acquisition company, with current revenue of $75 million and 400 employees, U.S. top 30 revenue ranking, and one of the fastest growing insurance agencies in the U.S.

Independent Consultant (January 2012 to July 2012)

EVP, Chief Development Officer (February 2010 to January 2012)

EVP, Chief Financial Officer (April 2008 to February 2010)

Reported to CEO and Private Equity Investors. Leadership responsibilities for acquisition growth strategy to achieve $200 million in annual revenue by 2013 (top 10 U.S. ranking). Prior to March 2010, dual role as CFO responsible for finance, risk management, financial and compliance reporting.

• Initial CFO for fast-paced acquisition company with $70 million of initial private equity funding

• Named CDO in 2010 with primary responsibility for strategic acquisition growth

• Executive committee member with joint accountability to Private Equity Investors (Board of Directors)

• Negotiated senior term, revolving and subordinated debt arrangements totaling $90 million

• Developed national employee group health, welfare and retirement plans for all acquisitions

• Developed 2011-2013 strategic acquisition plan for additional private equity funding of up to $200 million

• Completed 19 insurance agency acquisitions since April 2008 (a total of 200 target agencies)

• Developed investment banker relationships, acquisition pipeline system, acquisition performance metrics

• Developed corporate governance policies, financial reporting and key performance metrics

BLACK & VEATCH CORPORATION, Overland Park, KS (2002 to 2008)

International engineering, construction and consulting firm with $3 billion in revenue and 9,000 employees, and a recognized world leader in energy, water and information infrastructure development.

AVP Corporate Finance (2005 to 2008)

VP Finance (2002-2004)

Director of Finance (2002)

Reported to Investment Review Board, CFO and Treasurer. Responsible for strategic acquisitions and divestitures, project financing, technology ventures and ESOP initiatives. Prior to 2005, responsibilities included company-wide financial reporting, accounting and internal control activities with an international staff of 100, treasury oversight of $200 million credit facility, currency risk, cash management, and oversight of $100 million Telecom business unit.

• Completed $75 million acquisition of Gleeson Construction (U.K.) and five U.S. acquisitions totaling $50 million, including enterprise consulting, IT and telecom companies. Acquisitions successfully integrated.

• Restructured ownership / financing for a $100 million infrastructure project and avoided $30 million in losses. Project won Middle East Project Finance of the Year Award in 2006.

• Project leader for raising $75 million in venture capital for alternative fuels technology

• Developed ESOP and LTIP initiatives which facilitated company growth and ownership transition

• Implemented Sarbanes Oxley financial reporting structure resulting in annual savings of $500K

• Led Africa divestiture activities which resulted in successful market exit without financial losses

CARTER ENERGY, INC, Overland Park, KS (2001)

Regional petroleum marketer with $400 million in revenue and 110 employees. Responsible for marketing and distribution of transportation fuels for major oil companies.

Senior Vice President / Chief Financial Officer

Reported to CEO/Owner. Responsible for finance, accounting, risk management and IT. Managed staff of 25.

• Implemented automated fleet fueling equipment/billing system resulting in U.S. Postal Service contract

• Responsible for regulatory compliance reporting (DOT, EPA)

• Restructured commercial insurance and avoided a 20% increase in premiums

• Developed customer inventory monitoring system and logistics system which improved delivery metrics

• Revised employee health plans resulting in 10% annual savings

BIRCH TELECOM, INC, Kansas City, MO (2000-2001)

Regional voice / data telecom company with $200 million in revenue and 1,600 employees. Start-up company in 1998 funded with publicly traded debt registered with the SEC and operations regulated by FCC.

Corporate Controller

Reported to VP Finance. Responsible for SEC reporting, accounting and risk management. Managed staff of 25.

• Developed comprehensive financial analysis / reporting package for Executive Management

• Revised employee benefit plans resulting in enhanced benefits and $1 million annual cost savings

• Project leader for implementing integrated purchasing, inventory, billing and CRM system

SEABOARD FARMS,Inc., Shawnee Mission, KS (1995-2000)

(Subsidiary of Seaboard Corporation, American Stock Exchange: SEB)

International agribusiness, food processing and transportation company with $600 million in revenue and 3,500 employees. Start-up company, which constructed and operated $650 million of facilities (250 sites) in 4 states.

Vice President / Controller

Reported to CEO. Responsible for SEC reporting, finance / accounting, legal and risk management, and commercial oversight of project finance, construction, sales, procurement and hedging contracts. Managed staff of 40.

• Designed/implemented integrated ERP and KPI systems which drove operating decisions

• Responsible for regulatory compliance reporting (EPA, DNR, DOT and USDA)

• Developed product optimization model for determining product pricing and production alternatives

• Implemented LIFO inventory method which reduced income taxes and debt by $22 million

• Maximized property and sales tax abatements in four states totaling $20 million over five years

• Managed litigation team that successfully resolved $60 million in contract dispute

• Reduced DSO by 10% on receivables and increased vendor cash discounts by $600K annually

POWER SYSTEMS SOLUTIONS, INC, Overland Park, KS (1994-1995)

National energy contractor providing equipment and energy retrofits financed by state-funded utility rebates.

Controller

Reported to Managing Partner (KCPL). Responsible for finance/accounting, contract administration and proposals.

• Implemented credit evaluation system that optimized project finance alternatives offered to clients

• Developed contract management and customer billing system that reduced project borrowings by 50%

KPMG, Kansas City, MO (1978-1994)

International accounting, tax and consulting professional services firm.

Senior Manager (1986-1994)

Manager (1983-1986), Professional Staff (1978-1983)

Provided audit, tax, consulting and business advisory services to public / private companies with revenues of $5 million to $5 billion. Managed 40 professionals on engagements with annual fees exceeding $1 million. Specialized in manufacturing, distribution, retail, financial services, real estate and professional sports companies.

• Directed SEC filings for 10 companies involving over 25 equity and debt offerings totaling in excess of $200 million, including IPO, LBO, mutual to stock conversion, and franchise offering transactions

• Savings and loan practice leader for clients with $4 billion in loans and $1 billion in mortgage servicing

• Evaluated company hedging strategies for commodities, interest rates and foreign currencies

• Conducted review of Audit Committee, internal controls and internal audit for Fortune 200 company

• Conducted due diligence for acquisitions of two separate $1 billion commodity trading companies

• Provided litigation support services on a $50 million real estate lawsuit resulting in pre-trial settlement

• Managed $25 million commercial insurance claim for a utility company that increased recovery by 100%

EDUCATION, ACCREDITATION AND AFFILIATIONS

Certified Public Accountant

Kansas 1980

Master of Science in Accounting University of Kansas, Lawrence, KS

Bachelor of Science in Accounting & Economics

Wayne State, Wayne, NE, (magna cum laude)

University of Kansas School of Business AIS Council – Since 2004

Prior Memberships - AICPA, MCPA, EDP Auditors, Institute of Internal Auditors

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