RAYMOND N. IMBSEN, MBA
**** ******** **** **********, ** 95608 *******@*****.*** 530-***-****
CHIEF FINANCIAL OFFICER
CFO Who Structured the Sale of WDC Exploration & Wells Inc. for $120 Million (6X EBITDA) Restructured $31 Million in Debt at National EWP & Added $15 Million in Credit - Ensuring 3 Years of Positive Cash Flow Sold Imbsen & Associates for $5 Million, Then Selected By the Buyer to Stay on and Manage the Finances of 7 Other Firms PROFILE
I am a positive, energetic, problem-problem -solver -who produces a broad range of great results. As an award-winning CFO, I saved National EWP from credit default, by restructuring and securing $46 million in favorable financing. My experience features the successful sale of 2 companies - WDC Exploration for $120 million and Imbsen & Associates for $5 million. The Imbsen buyer was so impressed with my work, that they retained me & gave me financial responsibility for 7 additional companies. Earlier in my career, I served as an Engineering Manager for Fortune 100, Rockwell International. There, I managed 16 professionals in advanced rocket engine testing. I have directed Accounting, Finance, Engineering, Human Resources, and IT Departments. You will find me to be highly driven to perform and uniquely gifted in leading teams to innovative solutions. I simplify complex issues. Because of my comprehensive experience in financial strategy, budgeting, and cost savings initiatives, I will enable your firm to reach its highest financial objectives. Areas of Expertise
Financial Analysis / Reporting / Budgeting / Auditing Multi-Department Lead - Finance / HR / IT / Engineering
Mergers and Acquisitions / Due Diligence to $120 Million Process Improvement / Cost Controls / Cost Reductions
Corporate Finance / Risk Management / Cash Flow Strategic Planning / Contract Management
Team Leadership / Mentoring / Training Enterprise Resource Planning (ERP) Implementation PROFESSIONAL EXPERIENCE
RNI Consulting Company President Carmichael, CA 2016 Present 2016 Present This is my firm by which I provide financial and business management consulting services to corporations in the Sacramento area. Responsible for all aspects of this business, including marketing, client acquisition, financial management, and performance of services. Serve clients as an out-sourced CFO. Provide for all corporate and accounting functions including financing, reporting, compliance, audit, market research, cash flow projections, business plan reviews, and business modeling. Determine valuations of businesses and intangible assets for M&A, financial reporting, and dispute purposes. Key Accomplishments
Retained by $110 million, National EWP, Inc., for the transition of their financial management.
Selected by $1.2 million, Freshwater Fish Company for financial oversight, analysis, strategic financial planning, forecasting, and debt restructure.
National Exploration, Wells, and Pumps, Inc. Chief Financial Officer Woodland, CA 201*-****-**** 2016 National EWP is a $110 million firm, offering a full range of safe, dependable, and professional drilling services throughout the Western U.S. The company's main focus has been on exploratory drilling for gold, silver, and copper mining operations. Responsible for all contract, finance, accounting, HR, risk, and IT functions for the firm. Managed a team across these multiple disciplines. Restructured debt when the company was in credit default, ensuring continued operation. Provided detailed contractual & financial knowledge on projections, complex contractual terms, schedules, and audits. Oversaw re-acquisition of assets as the company added environmental drilling to expand service offerings. Reorganized accounting staff and modified processes thereby reducing costs & improving productivity. Partnered with operations to improve quality and timeliness of reports. Key Accomplishments
Company was in credit default. Restructured $31 million in company debt and added $15 million in credit, ensuring 3+ years of positive cash flow.
Honoree of the Sacramento Business Journal's "2016 CFO of the Year" award. One of 4 Finalists out of CFO's from over 4600 area firms w/ $50+ million in revenue.
Led, mentored, and trained a team of 10 employees for this $110 million firm, with 7 field locations.
Helped structure the re-acquisition of $8 million in assets, which had previously been sold for $120 million. RAYMOND N. IMBSEN, MBA
5727 Delbrook Lane Carmichael, CA 95608 *******@*****.*** 530-***-**** PROFESSIONAL EXPERIENCE (continued)
WDC Exploration & Wells, Inc. Chief Financial Officer Woodland, CA 200*-****-**** 2012 Founded in 1949, WDC grew to be one of the largest, privately-owned, drilling companies in the U.S., with $87 million in revenue. They provided environmental drilling services for the water supply, geotechnical, mining, energy & construction industries. Responsible for managing and directing the finance, accounting, IT, and HR departments. Developed the company model and led a team resulting in the, very profitable, sale of this 60-year-old company. Prepared and presented historical and pro-forma financial information to the Board of Directors, the Private Equity Group buyer, and the lenders. Sale required detailed contractual and financial knowledge including projections, complex contractual terms, schedules, and audits. Put in place a new ERP system for more efficient accountability. Traveled to drilling test sites to make Operations more seamless. Trained teams in the field on turning revenue-generating theory into reality. Key Accomplishments
Structured the sale of this firm for $120 million, which represented 6X EBITDA and 1.4X Revenue.
Successfully implemented a new Viewpoint ERP system. Produced far more timely & accurate job, equipment, and financial reporting.
Led, mentored, and trained a team of 12 professionals, including 6 managers, spread among 4 departments.
Won the CFO position, after a rigorous vetting process during my hire. TRC Solutions, Inc. Group Controller Sacramento, CA 200*-****-**** 2006 With $481 million in revenue, TRC is an engineering, consulting and construction management firm, providing integrated services to the energy, environmental, and infrastructure markets. TRC has over 4,100 employees at 120+ offices throughout the U.S. Responsible to serve as Regional Controller and provide financial oversight of 8 company acquisitions. Performed extensive M&A
/Due Diligence work. Managed various resources in this matrix organization. Successfully implemented Sarbanes Oxley documentation and remediation for the Imbsen & Associates subsidiary. Created financial forecasting models including financial statements, weekly cash flow forecasts, capital expenditures, and revenue forecasting. Key Accomplishments
So impressed TRC management during the purchase of Imbsen & Associates (see below), that they retained me and placed me in financial oversight of 7 additional firms being acquired.
Successfully directed the finances of 8 acquired engineering consulting firms, producing some $50 million in revenue.
Developed & taught revenue recognition training to Western Region subsidiaries.
Successfully implemented an ERP system and on-boarded all 8 acquisitions into system. Imbsen & Associates, Inc. Chief C hief Financial Officer Sacramento, CA 199*-****-**** 2005 IAI was founded by my father, Dr. Roy A. Imbsen. It was a structural engineering firm offering unique expertise in bridge design, applied research, earthquake engineering, and advanced computer technology. In 2003 the firm was purchased by TRC Solutions. Responsible to lead multiple departments for the firm, including Finance, Accounting, HR, IT, and Software Sales. Brought in 5 years after startup and established full professional financial oversight, where previously there had only been a bookkeeper. Reduced risk by implementing formal contract review and managed insurance program. Improved employee retention by implementing employee bonus program, 401k matching plan, and a formal review process. Upon IAI's purchase, became the Western Regional Controller over this firm and 7 other firms for 3 years, until all were fully assimilated into TRC Solutions. Key Accomplishments
Headed all Contracts, Finance, Accounting, HR & IT in this very active firm with 6 offices and up to 50 full time employees.
Successful with all annual Federal & State audits. IAI performed key work on the Golden Gate Bridge and the Bay Bridge.
Directed all software sales, which brought additional revenue of $500,000 a year.
Led the management team and structured the $5 million sale of the company to TRC Solutions, Inc. RAYMOND N. IMBSEN, MBA
5727 Delbrook Lane Carmichael, CA 95608 *******@*****.*** 530-***-**** PROFESSIONAL EXPERIENCE (continued)
Rockwell International / Rocketdyne Engineering Manager West Hills, CA 198*-****-**** 1991 Rocketdyne was the rocket engine design and production division of Fortune 100, Rockwell International. Rockwell had numerous government contracts and 1991 revenue of $12.44 billion. Work, at the time, was on multiple advanced propulsion engines and qualification testing on the MX / Peacekeeper 4th stage engine assembly. Responsible initially, to input a new state of the art data acquisition system at the Advanced Propulsion Test Facility. Rapidly promoted to where I was managing a team of 16 engineers and technicians. Wrote multiple programs for controlling rocket engine testing. Successfully designed, installed, and operated computer based measurement and control systems. Key Accomplishments
Winner - "Manager's Award" from my supervisors. Award was presented by the Director of Testing.
Winner - "Special Achievement Award."
Led, mentored, and trained a staff of 16 engineers and technicians in support of 6 test sites. EDUCATION
Pepperdine University Master of Business Administration (MBA) Malibu, CA 1987 University of California at Davis Bachelor of Science in Electrical Engineering (BSEE) Davis, CA 1982 Continuing Education
Marketing / Proposal Training 1996
Primavera Scheduling Training 1994
Principles of Pricing Training 1989
Ethics & Standards of Business Conduct Training 1988 Project Engineering Effectiveness 1984
PROFESSIONAL MEMBERSHIPS
Financial Executives International (FEI)
Tau Beta Pi Lambda of California Honor Society
COMMUNITY SERVICE
St. John the Evangelist Catholic School Past School Board President St. John the Evangelist Catholic School Past Volunteer Soccer and Basketball Coach Hackberry Estates Past President of Homeowners Board
~ References Available Upon Request ~