Goodrich & Associates

Broadvoice, Global NAPS & Convergent Networks

  • As COO for the Receiver, facilitated the sale of a consumer VOIP business and the liquidation of an internet backbone business through a Federal Receivership.
  • Supervised the untangling of the consumer VOIP and Internet backbone networks.

US Trade Magazine Publishing unit of European Based Publisher

  • Business unit was a roll-up of US based trade publications.
  • Overhauled revenue cycle including organization, process and procedures and IT support.
  • Shifted focus from collector productivity to refusing orders from past due accounts.

Distributor of Garage Doors to the construction market

  • Reviewed status of new computer systems and stress-tested financials.
  • Family run business was recently acquired by a supplier

Private Equity Firm with 21 portfolio companies and $23b in acquired annual revenue

  • Closed public to private transaction of $175MM revenue business services company on 10 days notice with no equity investment.
  • Target was short cash and assets and an investment greater than the limited partners had approved was feared.
  • Company senior management were mentally and physically “checked out.”
  • Coached newly promoted VP Finance on operating in a leveraged environment. Installed cash flow forecasting tools.
  • Nine months later the debt was paid off and company became EBITDA positive – still no equity investment.

Designer and manufacturer of architectural goods to the commercial construction industry

  • Periodically reviewed business controls and financial and management systems for this high growth specialty manufacturer.
  • Recommended improvements to keep up with the growth before problems could occur.

Early stage manufacturer of robots for the health care industry

  • New investors required an annual audited GAAP financials.
  • Company had operated with shoe box accounting and an MRP system jerry rigged by 3 MIT engineers.
  • Faciliated first ever physical inventory to support auditable financial statements.

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