Michael F. Foley, Ph.D.
Managing Partner
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Education
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BS Massachusetts Institute of Technology
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MS Massachusetts Institute of Technology
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PhD Massachusetts Institute of Technology
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Professional Experience
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Manager of Product and Process Development, Bausch and Lomb Contact Lens Division
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VP/GM of IEC Labsystems, a subsidiary of Life Sciences International (London: LSI) and maker of electro optical equipment for clinical, diagnostic, and research laboratory applications
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Reflexite employee from 1997-2013, began career as President of optical components businesses serving display and lighting markets. Named COO in 2001 and CEO in 2006.
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Private Equity Partner, Artemis Capital. 2016 -Present. Investments include Adcole, StanChem, and Superior Technical Ceramics
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Strategic advisor to companies such as Corning, Dexter-Russell, and FLEXcon. Member of Board of Directors with numerous for-profits including (currently) Hypertherm, Tech-Etch, and Digital Alloys and previously NVBOTs, Claremont Flock, and Core-Flex
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Selected Accomplishments
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25 years experience in plastic products including development of the daily disposable soft contact lens process for Bausch and Lomb and 96 well microplate at Life Sciences International and a line of optical films and roll to roll products at Reflexite
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Talented at defining the overlap between technology and business opportunity, and implementing strategy to maximize return on investment in those focused areas.
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Grew Reflexite from less than $50MM to nearly $200M, with EBITDA margins in excess of 25%. Sold the company for a strategic premium, achieving 18% CAGR on equity value over the 16 years I was at the company.
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Part of the leadership team who sold Life Sciences to Thermo Instruments (NASDAQ: THI) in 1997 for $350MM, participated in integration then left to join Reflexite
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13 US Patents
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Received 8 varsity letters and captained 2 teams in Lacrosse and Hockey in college (NCAA Division III). Former GTE/CoSIDA Division III All American Athlete.
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Contact
(860) 604-7201
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Geoff G. Grzywinski, M.S.
Consultant
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Education
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BS Rensselaer Polytechnic Institute
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MS Rensselaer Polytechnic Institute
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Professional Experience
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Financial Advisor to select group of executives, professionals, and business owners at Merrill Lynch.
NASD Series 7 (General Securities Representative) and Series 66 (Uniform Combined State Law) registered. -
Independent consulting experience providing strategic planning, business development, financial modeling and analysis, business valuation, and early-stage fundraising (seed capital and Series-A).
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Reflexite employee from 1994-2011, performed multiple roles in new product development, applications engineering, project management, marketing, operations, information technology, and corporate finance. Named Operations Manager in 2003 and Director of Information Technology and Executive Analyst in 2009.
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Member of Board of Trustees at Covenant Preparatory School and Board of Directors for Connecticut Section PGA Golf Foundation, Inc.
Selected Accomplishments
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Part of Reflexite leadership team who successfully marketed and sold business to strategic buyer. As Executive Analyst on the deal team, had primary responsibility for identifying buy-side candidates, produced pitch books and Confidential Information Memorandum (CIM), managed data room for due diligence, liaised directly with investment bank and legal counsel.
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Developed I.T. strategy and objectives to help achieve corporate strategic plan. Led KPI development and implementation to improve linkage between strategy and operations to drive premium valuation multiple.
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Led $1.9M global ERP & CRM system implementation, including needs assessment, RFP development, vendor selection, contract negotiation, budgeting, and project execution. Contributed to operating profit increase of +70% vs. plan and +130% vs. prior year.
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Led start-up manufacturing operation for optical films for display and lighting. Managed stand-alone manufacturing facility, scaled capacity from start-up to 24x7 operation, achieved 2-year revenue growth from $0 to $10M and >50% yield increase.
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Four-year starter and team captain (1992) for Rensselaer varsity baseball (NCAA Division III)
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Awarded 1st Degree (2010) and 2nd Degree (2012) black belts in traditional mixed martial arts
Contact
(860) 402-7018
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Geoffrey Ling, MBA
Managing Director - Sell-Side
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Education
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M. Eng. University of Leeds (UK)
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MBA University of Chicago
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Professional Experience
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20+ years of investment banking and corporate development M&A experience
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Industry experience spans foodservice products, life sciences, software, robotics, aerospace and
defense, optics, electrical products, industrial products, energy and distribution. -
Advised Fortune 500 companies including Eaton Corporation and Cooper Industries, as well as
portfolio companies of private equity firms including The Sterling Group and The Carlyle Group -
​Extensive international experience, including six transactions with companies or subsidiaries
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Led the investor relations function for a NASDAQ-listed company
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Leadership experience includes managing a $250MM product line and a team of talented engineers
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Selected Accomplishments
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25 closed transactions valued at >$800 million
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Divested a manufacturing business in 60 days in an accelerated structured sale process
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Launched highly profitable new products that generated annual revenues of approximately $100MM
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Launched a highly profitable distribution business that grew to $50MM in revenues
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5 US Patents
Contact
(603) 296-1646
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