JAY F. KILKENNY

Jay has extensive experience in general and financial management, in both public and private companies, turnaround management and public and private equity, mezzanine and senior debt financings .

His varied experience includes nearly thirty years as a senior corporate officer, management consultant and turnaround advisor. His operating roles include CEO, President, COO and CFO in Fortune 500, mid sized and early stage companies, both privately held and public, in a variety of industries. He has been a consultant with a Big Four firm and a turnaround advisory firm. Jay has directed the acquisition and sale of several companies and negotiated equity, mezzanine and senior debt financing for distressed and stable companies. He has an MBA from the Stern School of New York University, an MA from Queens College and an AB from Fordham University.

Jay’s experience includes:

$125 million, publicly traded power generation and steam utility company: As President, led effort to acquire underperforming assets from investor owned utilities. Integrated two acquisitions which doubled company size. Directed innovative marketing effort which reversed long-term sales decline. Developed and implemented facility upgrade for several neglected facilities. Participated in initial public offering and directed the acquisition of coal fired facility from investor owned utility.

$300 million unit of Fortune 500 manufacturer of packaging: CFO and later General Manager of entity which manufactured metal containers for food and specialty uses. Dramatically reduced costs at this high cost producer. Reversed long term sales decline by converting self-manufacturers to purchase of the company’s containers. Reorganized field and financial staffs to place resources closer to decision makers while reducing staffing by 20%.

$25 million, family owned, maker of woven polypropylene fabric used in specialty applications: turnaround advisor to company which experienced $3.5 million loss, its first ever loss. Negotiated loan extension agreement with bank. Sold $3 million of aged inventory, at cost or higher, to finance turnaround effort. Improved production scheduling and manufacturing controls. Generated positive EBITDA in following year. Secured new financing to replace lender.

$75 million manufacturer of printing equipment for screen printing market: advised lender on viability of company, its markets, strategy and internal operations. Developed short-term remedies to enable company to address critical problems quickly. Aided bank in development of loan modifications which would reduce risk, but enable company’s operations to continue growing.

Jay’s industry experience includes: