Senior Financial Continuous Improvement

Dan K. Matthews

**** ********* ***** ****: 248-***-****

Rochester, Michigan 48306 E-mail: ************@*****.***

EXECUTIVE PROFILE

Results oriented senior leader with experience assisting organizations in the creation of value with a focus on strategy and operations. Proactive team builder with a proven track-record of accomplishment. Areas of expertise include continuous improvement, strategic and business planning, operational and financial re-organization, team building, capital formation, due diligence related to mergers and acquisitions, post-merger integration, complex financial modeling, and viability assessments of under-performing companies.

Core strengths include:

Strong analytical and strategic planning skills

Excellent leadership abilities with proven project management skills

Creative problem solving

Leading large complex projects

Culture building

Decision making skills

Quickly assessing situations and implementing change to drive productivity

Excellent communication skills

Prioritizing a wide range of tasks

Strong accounting and financial background combined with hands-on operational experience

Advanced Excel skills

PROFESSIONAL EXPERIENCE

TRUCENT, Dexter, MI 2023-Present

Trucent is comprised of multiple operating companies specializing in fluid separation technology, and chemical manufacturing. The companies provide equipment and service solutions to Industrial, Food & Beverage, Ethanol Production, and Glass Manufacturing industries.

Chief Operating Officer

Responsible for all accounting, finance, human resource, IT, marketing, and risk management functions of a diverse group of manufacturing and service-related businesses. The group has combined revenue of approximately $85MM.

Leading the spin-off and sale of a service-based product line

Leading the implementation of Netsuite ERP system across all entities

Revised and improved companywide budgeting/ planning process

Consolidated and finalized a comprehensive Employee Stock Appreciate Rights Plan

Managing banking relationships to optimize credit availability

MORRELL GROUP, Auburn Hills, MI 2021-2023

Morrell Group is comprised of three operating companies focused on industrial automation and motion control. The companies are a trusted resource for the design, build, installation and maintenance of electrical, hydraulic, pneumatic, mechanical, and lubrication systems.

Chief Financial Officer

Responsible for all accounting, finance, and human resource functions of a group of rapidly growing companies focused on industrial automation and motion control. The group has combined revenue of approximately $120MM.

Led the successful sale of the enterprise to a private equity firm

Restructured the accounting and finance team to increase teamwork and efficiency. The changes resulted in a better trained team, reduced risk, and significantly improved morale

Executed complete debt re-capitalization totaling $32MM including term debt, working capital line of credit and repayment of subordinated seller debt

Completed sale-leaseback of an 87,000 square foot building to streamline the balance sheet and generate proceeds for re-capitalization

Completed comprehensive interest rate hedging strategy utilizing SWAP’s

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Implemented a cash utilization plan including a re-patriation strategy with a Canadian subsidiary

Led the acquisition and post-acquisition integration of a mobile controls business leading to an increase in the acquired company’s revenue of 30%

Consolidated multiple holding companies and restructured the corporate entities to simplify the organization and improve tax efficiencies

Implemented company wide inventory procedures including cycle-counting and maintenance of appropriate inventory reserves

TD INDUSTRIAL COVERINGS and ELITE CLEANROOM SERVICES, Sterling Heights, MI 2018-2021

TDIC pioneered the design and manufacturing of protective covers for robotic and other industrial applications focused on automotive paint shops, aerospace and medical. Elite is a clean room laundry specializing in textiles requiring clean room processing including automotive, building products, and medical.

Chief Operating Officer

Responsible for integrating the operations of a growing specialty manufacturer and clean room laundry comprised of three facilities including accounting, finance, IT, plant operations, customer service, purchasing, human resources, and risk management.

Integrator of the Entrepreneurial Operating System (EOS), a comprehensive planning process designed to create a clear vision, drive growth, enhance company culture, and maintain a healthy management team

Led the planning and execution of an acquisition of a major supplier resulting in successful vertical integration, 25% revenue growth, and 35% growth in profitability

Developed and implemented a comprehensive set of management reports including a weekly scorecard with detailed KPI’s and monthly management reports detailing a range of financial and operational metrics

Led a team in designing, sourcing, selling, and producing a line of medical PPE during the automotive plant closures. Successfully converted 100% of the operations to producing medical PPE within 10-days resulting in the production of more than 200K isolation gowns for local hospitals and generating sales to maintain 100% employment.

Negotiated and implemented significant operational cost savings related to insurance coverage, employee benefits, legal, and accounting services

Improved the product costing data to help develop better pricing strategies

Developed detailed annual budgets as well as multi-year forecasts (1,3,5 and 10-year plans)

Negotiated multiple lines of credit and term loans as well as equipment financing packages

Assisted the ownership with reorganizing the corporate structure to manage risk and maximize tax savings

GRACE ENGINEERING CORP and G5 OUTDOORS, LLC, Memphis, Michigan 2012-2018

Manufacturer of precision machined products used in the medical device industry, firearms, automotive, archery equipment, and other high tolerance applications. G5 Outdoors is a distributor of outdoor consumer products to big box retailers, specialty dealers, and through e-commerce

Chief Financial Officer

Responsible for all financial and administrative functions of a growing specialty manufacturer and distributor of precision machined components including accounting, finance, treasury, IT, demand planning, purchasing, human resources, and risk management.

Led the executive management team through an extensive strategic planning process over a nine-month period leading to significant changes and improvements to the management and oversight of the companies

Directed the implementation of a new ERP system including accounting, purchasing, costing, demand planning, inventory control, and product launch modules

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Oversaw average annual sales growth of more than 18% and profit improvement of more than 150% over a two-year period

Negotiated multiple lines of credit and term loans as well as equipment financing packages

Negotiated and implemented a self-funded healthcare plan resulting in annual savings of more than $100K

Facilitated a comprehensive succession plan with the ownership group

Revised the purchasing function to reduce cost as well as the size of the supplier base

Reduced inventory levels by 35% over a two-year period while sales were increasing by double digits

Initiated and executed the completion of a joint venture with a strategic partner to provide cost savings, increased technical capabilities, and manufacturing capacity

Developed and implemented a company-wide performance bonus plan aimed at achieving specific strategic targets – on-time deliveries improved from 47% to more than 90% as a result

Managed the sale of two warehouse buildings as well as the design, construction, set-up and initial operation of a new warehouse facility

Managed several lawsuits and legal challenges to the companies

POWERMAT USA, LLC, Commerce Township, Michigan 2010-2012

An emerging technology company that designs, manufactures and distributes products for wireless charging of personal electronics devices (i.e. cell phones, iPods, hand- held gaming devices)

Chief Financial Officer

Responsible for complete financial management of a rapidly growing emerging technology company including financial reporting, modeling, analysis and decision support, capital formation, managing banking relationships, and working cross-functionally with sales, marketing, operations, and various joint venture partners.

Work with the Israeli based joint venture partner to manage capital requirements and secure new private equity investors

Coordinate with the executive management, sales, marketing, and procurement teams regarding product launch issues and management of Asian suppliers and retail partners

Manage the treasury function and cash flow of entities in the US, Canada, and EU on a daily basis

Effectively communicate and educate colleagues regarding the financial impacts of business decisions

Assist in planning and executing the separation of the organization to function as a stand-alone company from existing joint venture partners including financial planning, staffing, facilities planning, and overall operations

Develop, maintain and provide historical and prospective financial information and insightful analyses of sales, margins, cash flow, customer pricing programs, product launch processes, and capital requirements

Serve as a financial partner to the sales, marketing and operations teams to bring financial rigor to new ideas and strategic decisions

Develop detailed financial models to act as a framework for organizational decision making

Prepare and manage annual and quarterly budget process to guide the business and integrate with the joint venture partners budgeting process

Secure and manage new asset-based lending facility to fund working capital needs

Assist in the sale of the company to Proctor and Gamble

MACKINAC PARTNERS, LLC, Bloomfield Hills, Michigan 2005-2010

Leading strategic and financial advisory firm serving Fortune 500 and middle market clients

Director – Management Consultant,

Provide interim management and advisory services to Fortune 500 and middle market organizations in order to achieve increased stability, direction, and growth. Focus on thorough planning and analysis to create solutions that maximize value and enhance long-term competitive advantages.

Interim Manager of Financial Planning and Analysis of a $350MM consumer products manufacturer

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Assisted a publicly traded Fortune 500 conglomerate with strategic planning related to spinning off various segments as stand-alone entities

Provided acquisition support and post-acquisition integration services for the European division of a major U.S. based hospitality company

Assisted with the post-acquisition integration of various private equity transactions made by the partners

Supported operational and financial analysis and modeling of companies in a range of industries including, manufacturing and distribution, construction and real estate, healthcare, financial services, and hospitality

Provided advisory services and comprehensive due diligence related to business acquisitions and divestitures as well as providing post-acquisition integration services

Financial modeling and viability assessments of under-performing companies

PLANTE & MORAN, PLLC, Southfield, Michigan 1994 - 2005

Largest Michigan based accounting and management consulting firm

Manager – Corporate Growth Services Group,

Advised middle market organizations experiencing significant periods of change including; rapid growth, industry transformation, changing competitive environments, mergers, acquisitions, divestitures, cash flow difficulty, and succession planning.

Assisted numerous start-up and emerging companies related to financial planning and analysis, capital formation, and financial reporting

Design and facilitate comprehensive strategic planning processes aimed at driving value in client organizations

Prepared detailed business plans to act as communication tools for prospective and current investors, bankers, management teams, major customers, and other stakeholders

Assisted in creating the documentation required for private placements of both debt and equity as well as consulting related to appropriate market strategy, capitalization, ownership structure, and capital sources

Preparation of complete business assessment reports including an analysis of all functional areas of businesses and identification of companies’ strengths and opportunities for improvement

TECHNICAL/ SOFTWARE SKILLS

Implementation experience and expert user of Plex ERP system

Avid user of JD Edwards, Plex, Netsuite, JobBoss, Trulinx, and other large scale ERP systems

Expert user of MS Excel – including advanced modeling, pivot tables, Vlookups, etc

Expert user of various banking software applications from Bank of America and Huntington Bank

EDUCATION

Masters of Science with High Honors, Concentration in Corporate Finance

Walsh College of Accountancy and Business Administration, Troy, Michigan

B.S. in Business Administration, Major in Finance

Oakland University, Rochester, Michigan

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