With a 20-year track record of success in managing and improving manufacturing organizations, Mac is skilled in leading companies through the challenges of difficult economic conditions, management and ownership changes, and shifts in the marketplace. His practical experience with the realities of distressed manufacturing operations differentiates his talents and brings a unique level of capacity and enthusiasm for turnaround consulting.
As a corporate advisor, Mac provides specialized expertise to middle market companies undergoing change during any stage of the company’s lifecycle, including financial distress, sale and divestiture, capital restructuring, market growth and insolvency.
As the vice-president of finance for the European division of Textron Automotive, a $4 billion supplier of automotive interiors, he was instrumental in leading the twenty-one facilities of this $1.2 billion group to profitability over a period of eighteen months. Mac’s hands-on role in customer and supplier negotiations, facility consolidation as well as in identifying and following up on cost reduction opportunities was a driving force in the turnaround.
While serving as the CFO for two separate private equity ventures, he honed his skills by improving the operations, evaluating acquisition targets, and securing new financing while preparing them for sale. In each case, the difficult decisions associated with internal cost reductions, customer price negotiations, and dialogue with external financiers resulted in increases in the company’s value.
After his roles in executive management, Mac turned his skills to consulting for the manufacturing industry. As a Director for BBK, Ltd., a large Midwestern turnaround firm, he had a hand in assisting 30+ firms through periods of financial crisis. He recently negotiated price increases, accelerated payment terms and financial assistance from General Motors and Borg Warner to assist a supplier of precision machined transmission parts through the market distress of 2009 and return to profitability.