Jim Burk

Partner

“I bring

Jim Burk

CFO Partner, Southeast

“I bring

Industries

Manufacturing, Distribution, Consumer Products

Private Equity Experience

16 years, including 10 as CFO and 6 as an Interim CFO/special project work

Work Experience

CFO Partner, Outliers LLC 2019 – Present Ann Arbor, MI

Provided Interim CFO and special project services to companies owned by 6 private equity firms, including 2 new acquisitions.  Industries included Manufacturing Health Care, B2C, B2B and Consumer Products.

OSUNYU Consulting, LLC 2015 – 2019 Atlanta, GA

Provided Interim CFO and special project services to 6 companies (2 new acquisitions) to companies of The Riverside Company Micro-Cap Fund.  Industries included SaaS, Consumer Products, B2B Services & B2C Services.

CFO FeraDyne Outdoors, LLC
2014 – 2015 Cartersville, GA and Superior, WI

FeraDyne is the world’s leading manufacturer of bowhunting and bow fishing accessories.  Revenues are $80 million, and the company has 360 employees.  Managed a staff of 12.  FeraDyne is a portfolio company of Snow Phipps private equity group.

Assisted in the due diligence, integration planning and integration for a $30 million add-on.  Reduced monthly close from 20 days to 10 days with goal of 5 days with fully integrated ERP system.

CFO, Anitox Corp
2007 – 2014 Lawrenceville, GA

The Company’s products are used in the areas of livestock and pet food production, feed milling and biofuel fermentation. The Company is headquartered and has a manufacturing facility in Lawrenceville, Georgia, and maintains offices in the UK, Mexico, Brazil, China, and Malaysia. The Company sales are $40 million.  Products are sold in over 60 countries (80% of sales are outside the United States). Anitox is a portfolio company of The Riverside Company’s Micro-Cap Fund.

Managed a staff of 10 located in the US, UK, and Mexico. Member of Executive Team that lead the company to increase sales by 105% (11% CAGR) from 2006-2013 and increase EBITDA by 392% (26% CAGR).  As project lead, generated $1.5 million in OPEX savings. Reduced past due receivables by $500,000 by implementing new collection procedures and maintaining current receivables of 85% or more. Reduce the time needed to prepare the monthly consolidated financial statements from 4 weeks to 5 days by developing new closing procedures.

CFO Ace Industries
2006 – 2007 Lineville, AL

A $50 million manufacturer and importer of lawn mower tires sold to OEMs.  This company was formed through a sale in lieu of foreclosure of the predecessor company.  The company was liquidated after the loss of its major customer who accounted for over 50% of total sales.  Managed a staff of 10.  The company was owned by Angelo-Gordon.

Chupa Chups USA, Atlanta GA
Vice President Finance, Americas (2002 – 2006)
Vice President Finance, US (2000 – 2002)

Managed 4 direct reports and 10 staff in the US and Mexico for the $60 million North American Territory.  The company has 230 employees in the US and Mexico.

Increased operating profits by $2.5 million by transitioning the business to a new distribution partner.  Reduced inventories 90%, $13.5 million, and SKUs from 300 to 60 in 24 months.  Reduced past due A/R by $1 million by restructuring the credit/collections area.  Reduced overhead costs by $3.0 million (50%) by eliminating overhead costs.  Saved $800k by successfully combining the accounting, logistics and customer service operations of the US and Mexico.

International Processing Corporation
1997 – 2000 Atlanta, GA
(A subsidiary of Scope Industries, Inc. Symbol SCPJ)
(A subsidiary of Darling International 1997-1999 – Symbol DAR)
Vice President Finance

Managed 3 direct reports and 22 staff and indirect reports for the largest bakery-waste recycler in the US.  A $75 million, 400 employee division of a publicly held corporation. Promoted to this position to turnaround the unprofitable operations after Darling’s $30 million purchase.

Saved $5 million by reducing the workforce 25%, corporate overhead by 40% and closing under-performing operations.  Actively involved in the due diligence and negotiation of the proposed merger with Scope Industries bakery recycling business.  Company subsequently sold to reduce debt burden of Darling International.  Successfully managed the transfer of all accounting and finance functions to the buyer.

Darling International, Inc.
1989 – 1997 Newark, NJ
Asst General Manager/Controller (March 1994 – December 1996)
East Coast Division Controller (June 1989 – December 1989)

Audit Manager, KPMG
1986 – 1989 Dallas, TX

 

Audit Semi-Senior, Martin W. Cohen & Company
1984 – 1986, Dallas, TX

Staff Auditor, Dood, Fraizer & Company
1982 – 1984, Dallas, TX

Education

NEW YORK UNIVERSITY
STERN SCHOOL OF BUSINESS
Master of Business Administration
September 1997, New York, NY

Earned degree while working full-time via evening program in New York City. Majored in Finance.

OHIO STATE UNIVERSITY
Bachelor of Science in Business Administration
August 1981 Columbus, OH

Majored in Accounting.  Stadium Dormitory Scholarship recipient 1977 – 1980.

Accreditation & Achievements

Six Sigma Process Improvement

Certified Public Accountant
Texas, 1984

Six Sigma – Lean Green Belt – Transactional
University of Michigan School of Engineering, 2021

Schedule a consultation, today

“Not all businesses are ready for a full-time CFO, but without that expertise, they may never get there. That’s why we created Outliers.”

– Dan Stankey, Founder & CEO, Outliers, LLC