Portfolio Company Resources
Senior Industry Partners
Charles Entrekin is a senior executive and expert in primary metals manufacturing, fabrication, and distribution, leading international public and private corporations and producing varied product lines in a changing economy and industry. Chuck is the Chairman and former Chief Executive Officer of Melior Resources, Inc., a Canadian company that owns and operates an ilmenite ore mine in Australia. He is also on the Board of Directors of Sierra Rutile Ltd, a Sierra Leone miner of rutile ore, and of Gautier Steel Ltd./Gautier Specialty Metals (a New State portfolio company).
Previously, while working for Safeguard International Fund, Chuck was Managing Director of London and Scandinavian Metallurgical Co. in Rotherham, England and was President and CEO of Timminco, Inc., a Canadian producer of magnesium and silicon metals. Chuck was also president and COO of Titanium Metals Corporation (TIMET).
Chuck received his Ph.D. and M.S. degrees in Materials Engineering from Drexel University, he earned an M.B.A. degree from the University of Delaware, and graduated from Lehigh University with a B.S. in Metallurgy and Materials Science.
Jim Farr has over forty years of experience in the oil services industry. He has managed all aspects of service businesses including manufacturing, research and development, and operations. Jim developed sales and marketing programs for down-hole performance drilling tools in worldwide markets while working for Dailey Petroleum Services Corp, a company that he led as CEO and took public in 1996.
Jim’s experience reaches from the technical elements of oil and gas well drilling to providing due diligence advice to private equity investors. Jim has managed domestic and international subsidiary corporations, branch and satellite business structures, acquisition and divestiture activities, agent distributors, and joint venture / business partner endeavors.
Jim has worked in domestic and international directional drilling ventures with specific emphasis on Mexico, Guatemala, Europe, Africa, Middle East & South East Asia, Canada, China, and in all major U.S. shale plays. His directional drilling experience includes MWD’s, LWD’s, and EM-MWD’s.
He is a long-standing member of the Society of Petroleum Engineers and holds a patent for perforating oil and gas wells.
Jim attended and completed Rice University’s Executive Management Program in 1987
Doug has been a successful leader in transitioning mid-size companies to maximum performance for the past 25 years, including 17 years as CEO.
He was most recently Chief Executive Officer and President of Stronghaven Inc. for 13 years, retained by equity sponsors after their acquisition of the company at year-end 2003 to implement the strategic plan for value creation through add-on acquisitions, capital investment and organic growth.
Previously, Doug was President and Chief Executive Officer at Blandin Paper Company in Grand Rapids, Minnesota. Formerly a wholly owned subsidiary of Fletcher Challenge Ltd., the company is a producer of coated and uncoated publication and communication grade papers. Doug was recruited for a senior executive role under a succession plan to replace the CEO upon retirement, beginning with election to the company’s Board of Directors in 1993 and culminating to becoming President and CEO in 1996. Doug guided the company’s major strategic, operational, and commercial business functions, and led the successful sale of company to UPM of Finland at a record industry valuation.
Doug started his career with a Bachelors of Applied Science in Industrial Engineering from the University of Windsor in Canada, and later earned his Master of Business Administration from the prestigious Executive MBA program at the University of Toronto, Toronto Canada.
James M. “Mike” Laisure is a 40 year veteran of the industrial manufacturing industry, with global experience in the Industrial, Automotive OEM and Aftermarket, Heavy Truck OEM and Aftermarket, Recreational Vehicle, Agriculture, Mining Equipment, and Engine markets.
Mike is currently CEO of Fluid Routing Solutions (FRS), a Tier 1 and Tier 2 automotive supplier formerly known as Mark IV Industries. FRS designs and manufactures fluid and fuel handling systems. Mike acquired FRS in partnership with Sun Capital Partners in June 2007 and subsequently led a corporate restructuring and operating turnaround that increased EBITDA from a negative level to $32 million by 2012. FRS was sold to a strategic buyer, Park-Ohio Holdings Corp., in 2012 for an 8x cash-on-cash return to the company’s equity investors.
Mike is a director at American Railcar Industries, Inc. and Federal-Mogul Corporation. Previously, he was President and COO of Remy International, a supplier of rotating electrical motors to automotive, commercial truck and off-highway OEMs and aftermarket customers. Before joining Remy, Mike served as President of Dana Corporation, where he worked in positions of increasing responsibility for almost 30 years. As President, Mike was responsible for the Automotive Systems Group, the larger of Dana’s two Strategic Business Units (SBUs). His SBU included 34,000 people in 176 facilities and 32 countries and accounted for $7 billion of Dana’s $9 billion in revenue. Dana is a supplier of axle, driveshaft, engine, frame, chassis, and transmission technologies, employing 46,000 people and serving OEM customers that include Ford, DaimlerChrysler, BMW, General Motors, and Toyota.
Mike attended the Advanced Management Program at Harvard Business School, received his Master of Business Administration from Miami University, and graduated from Ball State University with a Bachelor of Science degree.
Frank Lazaran is a 36-year veteran of the retail food industry. He was most recently Chairman, Chief Executive Officer and President of Marsh Supermarkets, Inc., a multi-format regional food retailer based in Indianapolis, Indiana. He led the Company through a successful turnaround effort. Marsh operates nearly 100 supermarkets under such well-recognized brands as Marsh Supermarkets, O’Malia Food Markets and Mainstreet Markets.
Prior to his appointment at Marsh, Mr. Lazaran served as Chief Executive Officer, President and Director of Winn-Dixie Stores, Inc., a publicly traded company and one of the largest supermarket chains in the Southeast. In addition, he was Chairman of the Board of Bahamas Supermarkets Ltd. He was recruited to Winn-Dixie following several years as President of the Randalls Division of Safeway, Inc.
He joined what was then Randalls Food Markets, a family-owned Texas supermarket chain of high-volume locations operating under the Randalls banner in the Houston and Austin markets and the Tom Thumb banner in the Dallas/Fort Worth Metroplex. He began as Senior Vice President of Sales and Merchandising, his role soon expanded to include logistics and was named President following the acquisition of Randalls by Safeway, Inc.
Mr. Lazaran was an integral member of the team that guided Randalls through its 1999 merger with Safeway, managing the integration of technology systems, accounting principles and retail procedures. Under his leadership, the company successfully launched key initiatives that were emerging trends in retailing.
Prior to joining Randalls, Mr. Lazaran was Group Vice President of Sales, Advertising and Merchandising for Ralphs Grocery Company in Compton, California, where he began his supermarket career as a sacker. He quickly rose to a senior management position, guiding the multi-billion dollar company’s sales, advertising, marketing, store design and bakery and service deli divisions.
Mr. Lazaran earned his Bachelor of Science degree in business administration from California State University in 1978. He also attended the Food Institute Marketing Executive Program at the University of Southern California.
Robert McPherson is currently the President of Zuma Machining Solutions, Inc., a strategic buyer of machine shops and contract manufacturers. He has 27 years of experience in the U.S. industrial metals industry, which includes 13 years at California Steel Industries, a steel re-rolling mill in Southern California and 13 years with Metals USA, one of the largest metal service centers in the United States. Robert has a broad range of professional experiences in all aspects of corporate finance, commercial, and operational roles as well as extensive experience in capital market and M&A transactions. Robert received his J.D. from Western State University, College of Law, and his B.S. in Business Administration from University of LaVerne.
Frank has over 35 years as a senior executive and general manager of small and large businesses in commercial and public markets. During his career he has led domestic and global businesses, primarily in technology.
Most recently, Frank spent 16 years at Dell, Inc. where he led a series of multi-billion dollar businesses: as vice president and GM for the North American Small and Medium Business Group, as VP/GM for the Public Business Group which serves the government, education and healthcare markets, and as VP global sales and integration for Dell’s Global Software Business. Frank has significant expertise in business strategy, M&A, partnerships, sales, marketing, customer support and operations.
Prior to Dell, Frank was president of Psion North America, a British company that developed and marketed hand-held technology for consumer and industrial applications. Prior to Psion Frank held leadership positions at Bain and Company, a global strategic consulting company. He also held engineering and manufacturing management leadership positions at Procter and Gamble.
Frank is currently on the board for NWN Corporation, a technology and cloud computing business. He was previously on the board for Cycle Computing, a provider of supercomputing utilizing cloud based infrastructure. Cycle Computing was successfully acquired by Microsoft.
Frank has and MBA from Harvard Business School and a BS in Mechanical Engineering from Cornell University.
Jordan Reber has led significant organizational change in companies, driving value through operational focus.
As the former CEO of US Gold Holdings and various executive roles at The Hertz Corporation, Jordan demonstrated deep experience in operations , finance, and business development as well as leading both buy and sell side M&A transactions. At US Gold, Jordan Reber was responsible for managing a portfolio, include direct response marketing brands, a marketing services company and a beverages business. Jordan led two acquisitions to add to the portfolio then led a process to sell the consolidated entity. During his tenure, core EBITDA more than doubled through implementation of an innovative customer experience revamp, packaging redesign, operational execution of strong cost control measures, and integration of an ERP system.
Previously, Jordan served in a number of senior positions at The Hertz Corporation. He served as Vice President and Chief Commercial Officer and was also a member of the Global Senior Management Team. Jordan’s responsibilities included various P&L management roles in both car and equipment rental divisions. While at Hertz, Mr. Reber led several domestic and international acquisitions, including Cinelease, a standalone entertainment services company where he served on the board. During his tenure at Hertz, Jordan was frequently used as a public presenter at conferences and investor presentations.
Jordan, a United States Marine Corps veteran, holds a B.A. degree from the University of Maryland and an M.S. degree in Commercialization from the McCombs School of Business at The University of Texas at Austin. Jordan has also completed advanced studies at the Institute of Management Development (IMD) in Lausanne, Switzerland, and he holds a Six Sigma Greenbelt.
Michael joined New State Capital Partners in 2013 after working 23 years in operational and financial consulting. Michael has significant experience working with companies going through transition and supporting the improvement of operations and recapitalization of the businesses. He has worked across a variety of industries, including healthcare, manufacturing, distribution, financial services and business service companies.
Previously, Michael was a Partner in the Restructuring practice at Ernst & Young. Michael led the Southwest Region of the practice and supported the launch and growth of the US Restructuring practice unit. Prior to EY, Michael was a Managing Director at AlixPartners for eight years where he focused on the turnaround and improvement of distressed companies. In this role, Michael worked as an advisor to companies and also served in interim officer roles. Prior to AlixPartners, Michael was a Partner in the restructuring group at PricewaterhouseCoopers. At PwC, Michael worked on company turnarounds and also worked extensively in representing bank syndicates in restructuring efforts.
Michael received his M.B.A. in Finance from Texas A&M University and holds a B.B.A. in Economics from Baylor University. Michael is a C.P.A. in the state of Texas.
Andrew Sekel, Ph.D. is a senior health care executive and investor with over 30 years of experience. As chief executive officer of specialty networks for Optum, he oversaw behavioral health, complex medical conditions, and physical health services that improved the overall health and well-being of individuals in the employer and health plan markets, as well as beneficiaries in Medicaid, Medicare, and other local, state and federal programs. These services included comprehensive management of mental health and substance abuse care, support for evidence-based treatment decisions, development of “Centers of Excellence” networks that provide access to clinically superior care for people with complex medical conditions, and musculoskeletal support services.
Dr. Sekel has extensive experience in both the commercial and public sector health care markets. Prior to assuming his role with Optum, he was vice president of business development for the specialty division of Centene Corporation in St. Louis, MO. Previously, he co-founded and led several behavioral health management companies in Texas and California, including Group Practice Affiliates, Integrated Mental Health, and Tejas Behavioral Health Services. As a leader of these companies, Dr. Sekel created integrated health care programs, processes and initiatives that provided the highest quality care for patients.
Dr. Sekel earned his Bachelor of Arts degree in psychology, Master of Education degree in special education and Doctor of Philosophy degree in counseling psychology from the University of Texas at Austin.
Wake Smith has over 24 years in the commercial aviation industry. Wake led the purchase of Pemco World Air Services in 2007 in partnership with Sun Capital Partners and served thereafter as CEO for four years.
Previously, Wake held positions as Chief Operating Officer of Atlas Air Worldwide Holdings and as President of FlightSafetyBoeing. Wake commenced his aviation career in 1990 at aviation consultancy SH&E, where he became Vice President and leader of the firm’s bankruptcy and restructuring practice and advised either the Debtor or the Unsecured Creditors Committee in such reorganizations as Eastern, Pan Am, TWA, America West, Continental, Rich International, Western Pacific, Express One, and Business Express.
Wake earned a B.A. in History from Yale University and an M.B.A. from Harvard.
Maureen Spivack‘s 30 year investment banking career has focused on advising corporate executives and boards on the execution of strategic and financial transactions for publicly traded, privately held and not-for-profit healthcare companies, globally. The combination of her in-depth industry knowledge with expertise in finance, strategy, negotiation, and deal structuring has served to create significant value for stakeholders. Her public and private board experience includes QualitySystems,Inc (NasdaqGS:QSII), an $800MM market cap HCIT company, as well as nationally-recognized industry organizations.