May 2015 – Harvest CFO placed Randy Dobbs as an interim CFO for PEBCO in Paducah, KY. PEBCO is recognized worldwide as a manufacturer of powder and bulk solids handling equipment used in various applications such as mining, cement, chemical, power generation, waste incineration, lime, fertilizer, sand and gravel, alumina, bauxite, clay, and dewatered sludge.
May 2015 – Harvest CFO placed William (Bill) Thornton as the new CFO for Interlake Steamship Company in Cleveland, OH to replace the Company’s retiring, long-standing CFO. Interlake Steamship is a recognized industry leader in shipping industrial commodities such as iron ore, coal, stone, etc. and is the only fleet on the Great Lakes to have achieved both ISO 9002 and ISM certifications. For more than 100 years, this company has been a leading company in Cleveland and has achieved success through its dedication to the requirements of its customers and innovating to better utilize a modern, efficient fleet to satisfy customer needs. The company’s position as an industry leader in the Great Lakes vessel community is based on its corporate vitality, teamwork and integrity.
March 2015 – Harvest CFO placed Brendan Rose as the CFO for Environmental Management Specialists, Inc. (EMS) in Cleveland, OH. EMS is a professional environmental contractor specializing in emergency spill response, oilfield services, environmental cleanup and site remediation, waste transportation, industrial services and tank management. The company has a wide variety of customers in diverse industries including environmental consultants, energy companies, industrial facilities, commercial property owners/developers, general contractors, public entities, transportation companies and other environmental service companies.
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November 2014 – Harvest CFO placed David Bubar as the CFO for Next Generation Films, a $250MM revenue packaging film manufacturer headquartered in Lexington, OH. Next Generation Films is a recognized industry-leading manufacturer of plastic film and bags in the flexible packaging industry. Through investing in manufacturing capacity, processes and its people, Next Generation Films has achieved a 20-year track record of success built on integrity and consistency in delivering value to its customers and suppliers.
October 2014 – Harvest CFO placed Terry Frandsen as the VP of Finance for Jadcore, Inc. a middle market company headquartered in Terre Haute, IN. Jadcore’s primary business activities consist of reprocessing industrial plastic resins, bag manufacturing, logistics and warehousing. Founded in 1974, Jadcore has a long-standing track record of success built on integrity and consistency in delivering value to its customers and suppliers. In March 2014, Stonehenge Partners became an investor in Jadcore. Based in Columbus, Ohio, Stonehenge Partners http://www.stonehengepartners.com/ directs the investment activities for approximately $700 million in mezzanine and equity commitments with a Midwest focus and a national scope.
The National Center for the Middle Market, a partnership with The Ohio State University Fisher College of Business and GE Capital, conducted the largest survey ever taken of Middle Market businesses and recently presented their findings. The Middle Market in the U.S. is defined as companies with annual revenues between $10 million and $1 billion. This segment consists of 195,000 businesses and represents 1/3 of private sector GDP and employs approximately 41 million people. This survey also identified characteristics of a segment of this market identified as “Growth Champions,” representing an elite group (9%) of Middle Market businesses growing at an impressive rate of at least four times the rate of U.S. GDP growth. This article focuses on the key characteristics identified by this survey as shared by this group.
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May 2014 – Sunset Metal Works, Inc. (SMW) of Chambersburg, PA, a contract metal fabricator, provides precision parts for OEMs in the construction, agriculture, vertical transportation, aerial work platforms, oil & gas markets and the Department of Defense and other government contractors. SMW recently obtained financing for a major expansion that will provide state-of-the-art finishing facilities to supply painted parts to manufacturers.
March 2014 – Harvest CFO placed Robert (Bob) Tracy as the Controller of Auto Bolt, a manufacturer of cold-headed fasteners, specializing in the production of long-length and mid- to heavy-diameter bolts, pins and rivets for industrial use. Auto Bolt, founded in 1948 in Cleveland, OH is a leading provider of automotive fasteners and military fasteners to many industrial markets including agriculture, transportation, sports vehicles and material handling. The Controller position is a key management role newly-created to execute on the Company’s growth plans.
Auto Bolt President, Rob Kocian, approached Harvest CFO upon the recommendation of the Company’s banker. Auto Bolt needed a Controller with specific financial and operational skill sets in regard to ERP implementations as well as expertise in manufacturing costing. This position also required a financial leader with the ability to work closely with the President as well as Operations and Sales. Harvest CFO, along with the Auto Bolt management team, through the Harvest due diligence process, created the Company’s “blueprint for success” for the Auto Bolt Controller role.
January 2014 – Harvest CFO placed Michael Dignazio as the CFO for Crossett, Inc. (Crossett), a $30 million revenue transportation and logistics company with its corporate headquarters located in Warren, PA. Crossett services the transportation needs for the petroleum industry throughout the northeastern United States and eastern Canada – primarily in Pennsylvania, New York, Ohio, West Virginia and Ontario, Canada. CEO Alex Keddie approached Harvest CFO upon the recommendation of a Crossett consultant. Crossett needed a CFO with specific skill sets and attributes to work closely with the Company’s management team, board and operations to meet the Crossett unique requirements. Crossett, through the Harvest CFO due diligence process, created the Company’s “blueprint for success” for the Crossett CFO role. Using this “blueprint,” Harvest CFO proceeded through its candidate selection process, and after completion of due diligence, presented Michael Dignazio as the CFO candidate who was “spot on” and “spotless” for the Crossett CFO role.
Every business, regardless of its product or service offering, is, at its heart, a people business. It is imperative to have a great product or service offering. However, it is the people who make the company truly successful. Harvest CFO has as its criteria “spot on” and “spotless” for the CFOs/financial leaders we place with companies. We have created a due diligence process that starts with the foundation of creating with the decision makers the “blueprint” for success in their CFO/financial leadership role. This “blueprint” defines the required skills, functions and attributes that are needed for success in a specific role. Our due diligence includes utilizing behavioral assessment tools to evaluate and benchmark a candidate against the “blueprint” for success.