RP Power Point - New Century Dynamics Executive Search

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20 Νοε 2013 (πριν από 3 χρόνια και 8 μήνες)

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Strong

experienced

people

are

the

underpinnings

of

a

company
.

The

people

are

the

starting

point

right

out

of

the

gate
.

We

founded

Reconstruction

Partners

based

on

the

skills

and

experience

of

its

principals
:

Steve

Lynn,

Wallace

Hite,

Allen

Barnes,

Lee

Cohn

and


O
UR

FOCUS

IS
:


Emerging Brands
and
Troubled Companies

Franchisors

Private
Equity Companies

Senior
Lenders


The

principals

have

100
+

years

combined

C
-
level

experience

within

companies

ranging

in

value

from

$
25
,
000
,
000

to

$
3
,
000
,
000
,
000
.

The

companies

are

within

multiple

industries

both

public

and

private
.



Given

the

rather

uncertain

times,

we

see

a

need

for

our

skills

and

experiences
.

The

uncertainty

of

the

time

is

an

opportunity

for

those

who

are

ready

and

able
.

Let

us

help

your

company

prosper
.


Observations:







We see a tremendous divide between
Board of Directors/Private Equity
Company /Owners and the C
-
Level
Management.


A wrong CEO or poorly focused strategy
can take a good Brand down the path
of destruction and destroy a good
investment.


The language/understanding divide
between Boards/Private Equity Owners
and Management is great.


Our
Solutions

We provide a level of
functional due diligence
that Accountants or
Attorneys cannot provide

We become the
liaison
between the
Board/Owner and the
CEO. We are a floor and
an insurance
policy for
their investment

We are counselors and
Advisors to the CEO as
He/She moves the Brand
forward. We enable the
best performance of the
Brand

Reconstruction


Refranchising


Restructuring





Restructuring

Leases

Assets

Refranchising

Acquiring

Selling
-
Reselling

Reconstruction

Equity


Debt

People

S
TRATEGY

M
ERGERS


& A
CQUISITIONS

I
NTERIM


T
URNAROUND

M
ANAGEMENT

R
ESTRUCTURING

S
ERVICES






We believe that strategy drives actions
and actions produce results measured
by financial performance.

If the financial performance is
“underperformance” then there is a
strategy problem.

Strategy takes into consideration not
only the direction, but also the assets
(both human and financial) available to
translate the strategy into actions.

We evaluate the current strategy
measured against resources and
results and determine the best
“path”.

S
TRATEGY

S
ERVICES








R
ESTRUCTURING

Often there are assets that
can be re
-
franchised which
we see as part of
restructuring.

The organization must be comprised
of the right people with the right skill
set in the right place. We can
address organizational issues by
supplying interim management and/or
guiding the recruiting process as well
as developing a strong functioning
organizational structure

If there is a debt problem, we can
work with existing lenders or source
new lenders
.

The financial component either limits
or empowers a company to execute
its plan. If there is a liquidity
problem, we can source equity or
assist in utilizing assets for liquidity.

S
ERVICES










Interim
-
Turnaround Management

We can provide
C
-
Level
interim
management for QSR, Casual Dining,
and Fine Dining segments.

When a key executive leaves and there
is no one in the organization to step up
in the short term, our interim
management services are a perfect
solution
.

When a fresh perspective is needed or
the Brand is in trouble, experienced
seasoned eyes can stabilize and redirect
the Brand in short order
.

We have as an affiliate company, New
Century Dynamics, a


leader in
Executive Search for the Hospitality
industry. We can provide a long and
illustrious list of executive talent on an
interim basis
.

S
ERVICES











Mergers &
Acquisitions


We can prepare a valuation of
the company and marshal it
through from sourcing the
buyer to closing


There is a time when founders
need to turn over the reins of
their company so it can not
only survive but also reach its
potential


Often an acquisition can wash
the declining value of a
company and the two are
stronger than one company


We provide due diligence
services from a operational
and financial perspective

P
RINCIPALS

S
TEVE

L
YNN



C
HAIRMAN

W
ALLACE

H
ITE



CEO

A
LLEN

B
ARNES



P
RINCIPAL

L
EE

C
OHN



P
RINCIPAL

C
RAIG

W
EICHMANN



P
RINCIPAL






S
TEVE

L
YNN
-
B
IO

Reconstruction Partners, LLC


Chairman


Back
Yard Burgers, Inc
.
-

Chief Executive Officer

Lynn led a group of investors in acquiring Back Yard Burgers at the end of 2007. BYBI operates and franchises approximately

18
0
restaurants throughout the south and Midwest. Since completing the acquisition the corporate headquarters has been relocated

to

Nashville.

Cummings Incorporated



Chairman and Majority Stockholder

At over 60 years old, the company is the oldest national sign company in the USA, with customers including Chevron, Chrysler,

KF
C,
Holiday Inn, Taco Bell, Church’s, Wells Fargo Bank, Bank of America, Pizza Hut, Fleet Bank, CVS, Long John Silver’s, and A&W
and

with
Sales in the $65,000,000 range
.


Shoney’s, Inc
-

Chairman and CEO

In April 1995, Lynn was named of Chairman and CEO. Shoney’s was the owner and franchisor of more than 1,500 Shoney’s, Captain

D’s, Pargo’s and Fifth Quarter Steakhouses
.



Sonic Corporation
-

Chairman and CEO

Lynn spent 12 years as Chairman and CEO. He built the top
-
notch management team, which transformed a struggling company into
the nation’s largest chain of drive
-
in restaurants and the ‘number two’ hamburger chair in the Southwest, with over $3 billion i
n
system
-
wide sales. Lynn acquired the company in a leveraged buyout in 1986 and Sonic experienced unprecedented same store sales

growth with an average increase of eight percent per year over his tenure. A key factor in the establishment of Sonic’s succ
ess

was an
“ownership” culture where unit managers own part of their restaurants. Lynn built Sonic from a Market Cap of $10 Million to
ove
r 2.5
Billion during his tenure
.


International Franchise Association


Past
Chairman


W
ALLACE

H
ITE
-
B
IO

Reconstruction Partners, LLC

Co
-
Founder & CEO

Hite formed Reconstruction Partners with Steve Lynn and Allen Barnes to offer Strategy, Restructuring, Re
-
Franchising and Interi
m
Management Services to Chain Restaurant companies.

Back Yard Burgers, Inc.


Chief Operating officer & Chief Reconstruction Officer

Mr. Hite acted in an advisory role during the acquisition of Back Yard Burgers and provided strategic guidance on an interim
bas
is as
the Chief Reconstruction Officer & Chief Operating Officer of Back Yard Burgers responsible for refranchising, International
development & operations, mergers and acquisitions, operations, purchasing, marketing and restaurant benchmarking

Strategic Advisory Partners, LLC
-
Founder & CEO

Strategic Advisory Partners acquired Weichmann
-
Hite Partners in June of 2005. The firm’s primary focuses is working with emergin
g
brands in three related areas, Strategic Planning, Financial Advisory, and Mergers & Acquisitions. Since its inception, SAP h
as
completed 20 transactions and opened three regional offices.

Weichmann
-
Hite partners
-

Co
-
Founder & Managing Partner

Weichmann
-
Hite Partners is a boutique M&A firm specializing in emerging brands within the restaurant & retail sectors. Our pract
ice
extends into financial advisory and strategic planning which comprises a fair percentage of our business. Weichmann Hite comp
let
ed
over 57 transactions in three years.

IMAG


President & Managing Partner

IMAG is a professional consulting firm with five offices across the United States specializing in franchise development both
domestically and internationally.


Al Homaizi International Management


Group Director of Development

Al Homaizi is a management company with multiple franchise brand restaurants and retail operations throughout the Middle East
.
The brands included Brands include Applebee’s, Popeye’s, Wolfgang Puck Café’s, Il Fornaio Bakeries, Marche Restaurants, Al Ri
fai

and
Arby’s.

Sonic
Corp. Executive Vice President

Sonic Industries was the franchisor of Sonic Drive
-
In Restaurants. A partner in the LBO, a going private transaction and in the
IPO
.

A
LLEN

B
ARNES
-
B
IO

Reconstruction Partners
-

Principal


The Vista Group


President

Barnes formed The Vista Group in 2001 to provide management consulting and M&A services for middle market
companies. The Vista Group has been successful in achieving client objectives in numerous sell
-
side/buy
-
side M&A
assignments, distressed company management and asset disposition situations, and specific consulting initiatives.

Resource Label Group, LLC


President and CEO

Barnes was selected by private equity group in 2005 to improve performance of this multi
-
site manufacturing
company. He held full P&L responsibility and was a member of the Board of Directors. Accomplishments include:
defined and implemented strategic plan to stop sales slide and improve shareholder value; accelerated sales
growth; improved efficiencies in all areas of the organization; created effective business management systems;
and changed equipment configuration to reflect current needs of the end
-
user market.

Packaging Acquisition Corporation


President and CEO

In 1997, Barnes was retained by investment group to manage this multi
-
site manufacturing enterprise. Barnes
held full P&L responsibility for four manufacturing facilities and over 400 employees in finance, operations,
sales/marketing and customer service. Barnes managed the integration of four acquisitions and the divestiture of
a division. Barnes and his team designed and executed a strategic sales and marketing plan targeting customer
segments that offered higher margins due to their heavy service component and quality needs.

Polyflex Film and Converting, Inc.


President and CEO


L
EE

C
OHN
-
B
IO

Reconstruction Partners


Principal


Lee

Cohn

co
-
founded

Big

4

Restaurants

Inc
.

in

1973
.

He

is

the

creative

talent

behind

Big

4
’s

distinctive

concepts
.

A

nationally

recognized

leader

in

the

restaurant

business,

Cohn

has

graced

the

covers

of

and

has

been

featured

in

virtually

all

of

the

restaurant

industry’s

major

trade

journals

including

Nations

Restaurant

News,

Restaurants

and

Institutions,

Food

Service

Marketing

and

Western

Foodservice

among

others
.

Major

features

on

subjects

ranging

from

employee

motivation

to

concept

development

and

quality

assurance

have

appeared

in

major

publications
.

Cohn

has

been

featured

on

several

National

Restaurant

Association

panels

and

speaker

symposiums
.

A

graduate

of

Arizona

State

University

College

of

Business,

Cohn’s

credits

include

co
-
development

of

Ed

Debevics

with

Rich

Melman

of

Lettuce

Entertain

You,

consultation

assignments

in

the

US

and

Asia
.

He

was

awarded

the

first

Entrepreneur

of

the

Year

Award

from

Arizona

State

University

in

1984
.

Active

in

the

local

community

Cohn

has

served

on

the

Boards

of

the

Valley

Big

Brothers

and

Sisters,

The

Phoenix

Thunderbirds,

Boys

Hope


Girls

Hope,

the

Phoenix

Ballet,

The

Fiesta

Bowl

and

the

Young

Presidents

Organization
.


Currently

Cohn

serves

on

the

Board

of

Directors

of

Morton’s

Restaurant

Group,

Marie

Callender’s,

and

Luther’s

BBQ
.

His

recent

consulting

projects

include

an

evaluation

of

the

viability

of

a

$
300
,
000
,
000

restaurant

chain

on

behalf

of

the

Bondholders,

creating

foodservice

facilities

for

a

Casino

in

Louisiana,

creating

a

restaurant

concept

for

a

group

of

investors

in

Hong

Kong

(Dan

Ryan’s

Windy

City

Grill)
.




C
RAIG

W
EICHMANN
-
B
IO

Reconstruction Partners


Principal


Mr. Weichmann was a Managing Director with the Investment Banking Department of First Tennessee Securities
Corporation, a division of First Tennessee Bank, from 1999
-
2001. Prior to this position, Mr. Weichmann was with
the Investment Banking Division of Morgan Keegan in 1999. Mr. Weichmann spent 21 years at Morgan Keegan
primarily as the Senior Consumer Analyst (Restaurants and Retailers) from 1979
-
1999. Mr. Weichmann's initial
positions were in the finance department of Holiday Inns, Inc., the dominant lodging chain in the U.S. from 1975
-
1979. Mr. Weichmann started his career at
Eppler
, Guerin & Turner, A Dallas based regional Investment Banking
firm from 1972
-
1973.

Mr. Weichmann has worked on numerous transactions, which includes 30 IPO's and secondary offerings in the last
seven years at Morgan Keegan. Since then he has broadened his scope to include Fairness Opinions relating to sale
transactions, sell
-
side engagements for public companies, strategic evaluations, business and valuation reviews for
several loan proposals and private placements. While serving as an analyst, Mr. Weichmann distinguished himself
by being ranked three times by the Wall Street Journal (1993, 1998, and 1999) as a top analyst. In addition,
Institutional Investor magazine rated Mr. Weichmann as the number one stock picker in the nation in their Home
Run Hitter edition in 1989. Mr. Weichmann has made frequent appearances at industry conferences and has been
regularly quoted in numerous publications and trade journals. Mr. Weichmann received his CFA designation in
1982.

Mr. Weichmann received his B.A. degree in Economics with Departmental Distinction from Southern Methodist
University and his M. B. A. degree in finance from the Darden Graduate School of Business Administration at the
University of Virginia.

C
ONTACT

I
NFORMATION

Reconstruction Partners

18 Annandale

Nashville, TN 37215

Telephone: 615
-
377
-
1120

Steve@reconstructionpartners.com

Wallace@reconstructionpartners.com