John Heslin

Partner

John Heslin

CFO Partner, West

Industries

SaaS, Technology, Engineering, Service, Manufacturing

Private Equity Experience

17 years

Work Experience

CFO Partner, Outliers LLC 2019 – Present Denver, CO

Providing Private Equity CFO resources, from acquisition through exit related matters, for lower to middle market portfolios; I have worked on several engagements including newly Acquired Platforms, Deal matters, setup and rollout of PE playbook reporting; Data and API enhancements.

CFO, Axcient 2018 – 2019
Denver, CO

A PE backed SaaS continuity software provider. 250FTEs; $50M in revenues and its own Data Centers; Worked with CEO on a turnaround to return to positive cash flow. Complete restructure of systems (NetSuite, Salesforce, PE reporting, budgeting), and completed financial audit catchups for prior years. Selected by this PE Group to be included into their top bracket of CFOs.

CFO Agility Recovery 2017 – 2018
Denver, CO

A PE backed business continuity and post-disaster recovery solutions provider. A recurring revenue business. $50M in revenues; Reset data and KPIs, modernizing systems, reporting, and metrics to meet needs of Executive Team and Board. Managed the new finance system (Intacct) rollout and integration with rearchitected Salesforce CRM platform for new Best-of-Breed system.

Interim CFO, GraceHill 2015 – 2017
Augusta, GA

A Riverside PE backed E-Learning, SaaS business; Providing leading online training courseware improving performance for Property Management Companies; An extended interim role during enormous business transformation. Involved in massive and broad restructuring including to the Finance Department. Implemented a new Finance System (Intacct) and integrated to a restructured Salesforce.com. On boarded new CFO for a “steady state” role in Greenville, SC.

CFO HEALTHCAREfirst 2008 – 2015
Springfield, MO

A Riverside PE backed Software Development Technology Company, providing SaaS and Revenue Cycle Management Services for Homecare Agencies. Grew EBITDA by 5X, FTEs grew from 40 to over 200. Managed 3 Acquisitions, and played a key role in the successful exit to Pamlico Capital at nearly 3X cash on cash. Implemented new Finance System (Intacct). Personally Designed, Built, & implemented a new in-house “real time” SaaS Subscription Management Information System. Connected this with Salesforce, and Intacct to become a new Best-of-Breed ERP System.

CFO New Zealand Diagnostic Group
2005 – 2007 Dunedin, New Zealand

Formed from the purchase and merger of 2 privately-owned long-standing NZ Pathology Groups, by PE Czura-Thornton. A purely strategic CFO role alongside the CEO. Revenues were equivalent to USD $150M-$200M Million on U.S. price schedule. Made up of 6 distinct autonomous operating units. 600 FTE’s & 9 laboratory sites nationally. A Board of Director on the operating Companies. Instrumental with CEO on successful exit to Healthscope, a Public Listed Healthcare operator in Australia, at 2X cash on cash during the most turbulent time in New Zealand funded Pathology. Instrumental with other Executives on securing $800M+ (on the U.S. price schedule) of long-term revenue contracts under competitive Tender Processes. Successful acquisition and Integration of competitor businesses. Carved out 2 unsuccessful business units. Restated Financials under newly adopted IFRS reporting requirements. Negotiated with Trade Unions to successfully integrate Public Hospital Laboratory staff (60 FTE’s) into our Private Company.

CFO Turmatic Systems 2001 – 2004
Controller Turmatic Systems 1997 – 2000

 

ThyssenKrupp (€40 Billion worldwide revenue) a 51% owned Precision Engineering Company, manufacturing rotary transfer machines for automotive manufactures. Both US & German GAAP requirements. Started as the Financial Controller. Promoted to CFO. Introduced Machine Profitability analysis requirements when quoting, and manufacturing. Restated Financials under POC. Integral in new Product line rollout. Managed parent and 49% minority shareholder issues.

KPMG 1985 – 1988
Dunedin, New Zealand & Sydney, Australia (1989)
Chelmsford, England 1990 – 1991
London, England 1992
Christchurch, New Zealand, 1992

Provided Audit services in 5 KPMG offices between UK, New Zealand, and Australia.

Project Roles 1989 – 2007

2007 – 2008 PE Czura-Thornton (2nd role) / Chiltern USA    –   Interim CFO, St. Louis MO / Bristol TN

1996 Dunedin City Holdings   –   Two Subsidiary Controller cleanup roles, Dunedin, New Zealand

1995 Thomas Cook    –   Business carver out, Sydney, Australia

1994 Lehman Brothers   –    Built back-office FX reporting system, London, England

1993 Lehman Brothers   –    Reported Daily Euro/UK Equity P&L’s, London, England

1993 Credit Swiss First Boston   –   Back-office reconciliations, London, England

1992 KPMG Christchurch   –   Audit, Christchurch, New Zealand

1992 BBC   –   Costing Project, London, ENGLAND

1991 Kuwait Petroleum   –   US$ 2.6 Billion Group Consolidation, London, England

1989 Kuwait Petroleum   –   US$ 2.6 Billion Group Consolidation, London, England

Twice performed US$ 2.6 Billion Group Consolidation of 40 Group companies in 10 countries & 10 currencies, running entire process from beginning to Audit sign-off • Post sale transfer of Thomas Cook’s Australasian Travel Management Business Arm to American Express • Built Foreign Exchange information reconciliation system for Lehman Brothers International internal FX trades

Education

OTAGIO UNIVERSITY
Bachelor of Commerce Degree, Major in Accounting
Dunedin, New Zealand 1986

Graduated May 1986. The University of Otago ranks alongside the premier Colleges in the United States in world rankings.

Accreditation & Achievements

C.A. Chartered Accountants Australia & New Zealand

 

  • Part of the Global Accounting Alliance, the C.A. qualification is international equivalent to CPA, with 800,000 of the world’s leading professional accountants in over 165 countries including Canada and the U.K. The CA membership requires “Continuing Professional Development”. I was an active and paid-up Member for over 20 years.
  • Expert on Power Query, PowerPivot (Microsoft BI) on “Data” automation, integrity, and capability for companies to expand reporting to unimagined levels. Programmed extensively in Visual Basic.
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“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