Iron Range Capital relies on Operating Advisors as a valuable resource in both screening potential investments and creating value for portfolio companies. Our Operating Advisors have either owned or operated significant businesses themselves and can provide valuable perspective throughout the investment. Operating Advisors assist in due diligence and investment thesis development prior to close. After close, they are often board members that can help mentor management teams (if needed) and provide strategic advice, operating experience and other resources to both management and the board. Below are some or our more active Operating Advisors
Martin Beck is a Managing Director with MAT Capital, a private equity firm based in Long Grove, Illinois. Prior to joining MAT Capital, Martin worked in the Industrials group at Macquarie Capital and was a member of the M&A group at JPMorgan. Martin currently serves on the board of Reyco Granning LLC, a manufacturer of suspension systems for commercial vehicles, and as chairman of Serta International SAS, a manufacturer of hydraulic components. Martin received a B.A. in Economics from Princeton University, an M.B.A. from New York University and a J.D. from Northwestern University School of Law.
Richard Burkhart, 70, has been directing corporate reorganizations, start-ups and buy-outs as Chief Executive or Chief Operating Officer in the capital goods, metals and systems integration industries since 1982. Since 1982, Mr. Burkhart has been an operating principal in forty-six equity buy-outs and one initial public offering. He has reorganized and restored six capital goods manufacturers to profitability; he has consolidated five software systems integrators, reorganized another systems integrator, reorganized four aircraft parts manufacturers, and liquidated various businesses as trustee or owner. In total, he has participated in over fifty acquisitions, twenty recapitalizations (primarily secured asset transactions with mezzanine interests), two public offerings, UDAG and industrial development bond financing, five plant relocations, three greenfield steel mills, five brownfield mills and several international marketing, manufacturing and cross licensing agreements.
Mr. Burkhart is a magna cum laude graduate from Denison University and graduate of Harvard Business School. He resides Hunting Valley, Ohio.
Leon J. Endres serves as the Executive Vice President of Business Development for Reconserve, Inc., a leading recycler of bakery and cereal grain by-products nationwide. Leon is the founder of Endres Processing LLC, which converts discarded bakery and snack food into feed for livestock, and served as its Chief Executive Officer from 1991 to 2014, when it was sold to Reconserve. Endres Processing had sales in excess of $200 million and ten facilities. Leon is also a Partner in the Endres family farm in Hampton, Minnesota. Mr. Endres serves as a director of privately-held enterprises and is an active investor and advisor to start-up companies.
Dick George has a BS and MAS in Accounting from the University of Illinois and is a CPA. His career began with Jewel Companies, Inc. where and rose to the position of Executive Vice President Finance, where he was responsible for the company's accounting, treasury and informational systems. He also served as President and CEO of Osco Drug, Inc., a subsidiary which operated 680 stores and $3 billion in sales. He co-founded Ulta Beauty and served as Chairman and CEO for five years.
Dick is currently President of RG Trends, his consulting company. He currently serves on the Board of Directors of True Value and is a member of its Executive, Audit and Compensation Committees. He is also Chairman of the Board of Factory Connection a chain of 300 retail apparel stores in the Southern US. Over his career he has served on ten additional retail Boards of Directors.
Currently, Andrew Levien is Chief Executive Officer and a director of ArcScan, Inc. Over the past 20 years, Andy has served in a senior management roles for development and marketing of medical devices, diagnostic and analytical equipment such as Coriolis flow meters.
Prior to ArcScan, Andy was President of Fluid Controls Group of Norgren comprising four operating units in Las Vegas, Nevada and Hartford, Connecticut, US; Geneva, Switzerland; and Bad Ouyenhausen, Germany with combined sales of $200 million and 1,200 employees worldwide. Prior to this role Andy served as VP Global Operations for Norgren with a combine sales of over $1.3 billion and six thousand employees world-wide.
Before joining Norgren, Andy served as Senior Vice President of Operations and General Manager for Micro Motion Inc. Boulder, Colorado, a division of Emerson Electric Co. Micro Motion is an $800 million revenue manufacturer of industrial Coriolis technology flow meters with manufacturing facilities in the US and Mexico, and distribution centers in the US, Netherlands, Japan, and China. While with Emerson, Andy was asked take on the role of VP Engineering Chromalox, Pittsburgh, PA, a division or Emerson Electric.
Andy holds a BSc in Mechanical and Nuclear Engineering from the University of California at Berkeley as well as an MSc in Mechanical Engineering, also at UC Berkeley.
John is Principal of TheCFO911, a consulting company focusing on private equity, family offices and closely held businesses. He has over 40 years of business experience in finance and accounting concentrating on operational improvements.
He most recently served as CEO of a major Chicago midmarket law firm. Prior to that, John has held various CFO roles in private equity, family offices and publicly traded companies. A significant part of his career was at Illinois Tool Works (ITW:NYSE) in Group CFO roles. During his tenure, John had financial responsibility for over 200 business units and participated in 30 acquisitions with revenues exceeding $500 million. With his experience, John participated as a panelist at the US Department of Commerce, Federal Trade Commission “Roundtable on Merger Integration.”
His expertise is in preparing businesses for sale, post-acquisition and integration of businesses, operating improvements to working capital, with focused improvements to accounts receivable and inventory. John also has in-depth experience in ERP system selection and implementation. His key to success is the development of world-class financial teams applying best practices.
John is a licensed Certified Public Accountant in Missouri and has an MBA from Northwestern University’s Kellogg Graduate School of Management and a BSBA from the University of Missouri.
Scott Murchison is an experienced C-Level Executive/General Manager with over 15 years of direct P&L responsibility and nearly 30 years packaging experience. He has an extensive global background with responsibilities including P&L, operations, strategic planning, sales and financial management. Currently, Scott is President and CEO of Brook & Whittle, which produces labels and packaging for many of the nation’s leading brands across all industry sectors including personal care, beverage, food and household.
Prior to Brook and Whittle, Scott was EVP of Operations for Duro Bag Manufacturing Company and was responsible for $500 million in revenues and 9 plants in the US and Mexico. He also served as President for the North America glass container business of Owens Illinois, which included P&L responsibility for $2.5 billion in revenue and 21 plants. Prior to these roles, Scott had a successful career spanning over 20 years at International Paper in a range of roles and responsibilities running various business units from $150 million to $1.1 billion in revenues.
Scott has a Bachelor of Civil Engineering and Management from McMaster University and is Lean SixSigma, Green Belt Certified.
Christopher Scott has spent the majority of his career growing the P&L of various food and consumer related companies into highly valuable entities. He has extensive skills coaching and leading change, transforming business by working on areas of strategy, execution, human capital, finance and operational excellence. In addition to his Operating Advisor role with Iron Range Capital, Chris currently is involved in various consulting projects. Chris’s most recent endeavor was co-founder and President / CEO of Wagables, a pet supply products company designing and marketing innovative pet products to customers in US, Europe & Australia. Prior to Wagables, Chris was President/COO of Little Lady Foods. Little Lady Foods was an unprofitable $160M frozen food manufacturer, which Chris ultimately grew to $265M in revenue and substantially profitable. Prior to this, he was VP Operations & Principal of Boca Burger, a venture capital backed acquisition which grew to a $50M revenue frozen food products company which was sold to Kraft foods. Prior to Boca, he was VP Operations for Brooklyn Bagel Boys, a private equity backed acquisition in the frozen bagel space which was sold to Maple Leaf Foods.
Chris obtained a BSBA in Business Administration from Virginia Polytechnic Institute and State University. He resides in St Charles, IL and is married with two children.
Bob is an experienced executive who has lead and managed diverse industrial businesses. He is currently President and Director of the Charlottesville Committee on Foreign Relations; Bob is a past Director of Fuel-Tech Inc. (Nasdaq- FTEK); of CVR Energy, Inc. (NYSE - CVI); of Atlas Pacific Engineering Co.; and of American Natural Soda Ash Corporation. During Bob’s executive career he was Chairman & CEO of Atlas Pacific Engineering Company, a privately held international manufacturer and leaser of specialty food processing equipment. Prior to that he was President of UNOVA (now part of Honeywell) Corporation’s Industrial Automation Systems segment; Group Vice President of Valspar’s Industrial Coatings segment; and Vice President or General Manager of businesses for Valspar, FMC, and Weyerhaeuser. Earlier in his career he worked for Exxon. Bob earned a mechanical engineering degree from Cornell University and an MBA from Harvard Business School. Bob and his wife of 44 years live in Keswick, VA. He enjoys golf, skiing, travel, reading, and the company of family and friends.
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