CEO - powersGROUP
August 2017 to present
Powers Advisory LLC 2012-2017
Advisory services for 501(c)(3) and 501(c)(4) entities including startup and formation; board work in non-profit health care space; consulting for privately owned middle market companies seeking strategic planning and implementation of eventual IPO or sale preparation and execution to a synergistic buyer.
CEO - Powers Fasteners Inc
Privately Held; Multi-national, middle market company specializing in engineering, manufacturing and distribution of fasteners used by the professional contractor for fastening to concrete, steel, drywall and other base materials.
1981 – 2012 (31 years) Brewster New York
Started as product manager in 1981, regional manager 1983, VP Marketing and Sales 1985-expanded the company's product lines into roofing fasteners, chemical anchors, carbide drills, powder actuated fastening and eventually into gas technology fastening. Transitioned a 70 year old company from Rawlplug to Powers Fasteners in 1995 and took over as President. Grew the business geographically with 2/3 of profits generated outside the USA- Canada, Australia, New Zealand, China, Taiwan, Europe, Thailand and India. Worked alongside three brothers we grew a business from less than ten million in sales and ten products to 7 core product lines and 2000 engineered sky's sold in 9 countries with a dominant market position in the USA and Australia and 17% YOY organic revenue growth and gross margins approaching 50%. Worked as sellers agent to execute the sale while managing the global business. Sold the the business May 30, 2012 to Stanley Black and Decker for $225 million all cash with 7% in holdbacks which represented 11.8x EBITDA. Stayed on with SBD, met stub year board targets for earnings and departed early on amicable terms as my goal to sell the business and assist the buyer were acheived.
Georgetown University - The McDonough School of Business