WE HELP ORGANIZATIONS
TURN ADVERSITY INTO OPPORTUNITY.
In the bold new world of private equity, Resilience Capital Partners is considered a thoughtful player. We use proven processes that are rigorous and purposeful. We create lasting impact to stabilize a company’s future.
In 2001, Bassem and Steve Rosen co-founded Resilience Capital Partners. He is involved in all aspects of the firm's operations, including investment decisions, portfolio company oversight and investor relations.
Since 1994, he has been involved in principal investing, leveraged buyouts, Chapter 11 reorganizations, out-of-court restructurings, and other mergers and acquisitions. Prior to founding Resilience, he was an investment banker with McDonald Investments.
He is a member of the Cleveland Chapter of Young Presidents Organization as well as several professional organizations, and is a frequent speaker on private equity and distressed investing.
Bassem serves on the board of directors for numerous Resilience portfolio companies. In addition, he serves on the boards of the Hathaway Brown School, the Museum of Contemporary Art Cleveland, and the Visiting Committee of the Weatherhead School of Management at Case Western Reserve University. He is a former Trustee of the Western Reserve Land Conservancy.
He holds a Master of Business Administration from the Weatherhead School of Management at Case Western Reserve University and a Bachelor of Science degree from the University of Dayton
Steve is involved with all aspects of the firm’s operations including developing and maintaining relationships with investors and investment intermediaries, and the firm’s strategic planning efforts. Prior to co-founding Resilience Capital Partners in 2001, Steve executed transactions in several basic industries at Merrill Lynch & Company.
An alumnus of the University of Maryland, Steve also received an MBA from the Weatherhead School of Management at Case Western Reserve. He is a member of many professional organizations, including the Ohio Chapter of the Turnaround Management Association and the Cleveland chapter of the Young Presidents Organization. Steve also serves on the boards of directors of several companies including the Park-Ohio Holdings Corp. and Hickok Inc.
Active in civic and community life, Steve serves as the chairman of the Cleveland PresenTense Fellowship Steering Committee and in a leadership capacity with the Cleveland Clinic Heart Center and University Hospitals Cancer Center and the Milken Institute. He has been involved in public affairs, assisting Ohio legislators with developing the concept of a state-administered small business working capital loan program.
Steve also is an occasional commentator on the private equity industry and its investing strategies and practices, having appeared in such media outlets as Buyouts and The Deal and on Bloomberg Television’s Money Moves and CNBC’s Power Lunch.
INVESTMENT TEAMDavid Glickman
Dave joined Resilience in 2009 after working with the firm for several years on potential co-investments and portfolio company merger proposals. He is a member of the investment team and his responsibilities include origination, due diligence and oversight of acquisitions.
He has extensive experience sourcing, structuring, executing, managing and exiting a broad spectrum of portfolio companies.
Before joining Resilience, Dave was a Partner at Edgewater Capital in Cleveland, where he was responsible for origination, negotiation and closure of several middle market acquisitions. Prior to that, he was Managing Director and co-Head of the Fund Manager of Candlewood Partners, LLC.
Dave also served as a General Partner with Sedgewick Venture Capital, a small middle market private equity fund focused on
opportunistic investments in Cleveland; and as a Senior Vice President of The LCP Group in New York.
Prior to private investing, Dave was Associate Director with the Principal Activities Group at Bear Stearns in New York. Before that, he worked in corporate finance for the firm’s offices in New York, Los Angeles and London, where he was engaged in all aspects of public debt and equity transactions.
Dave has served on the boards of numerous private and public companies. He is currently on the board of several non-profit entities, including certain institutes of the Cleveland Clinic.
Ki joined Resilience in 2001. His responsibilities include acquisition searches, negotiations, due diligence, financing and operational oversight of portfolio companies.
Prior to Resilience, Ki spent five years working in corporate lending and investment banking at Key Bank. While there, he was involved with a variety of projects, including both Chapter 11 and out-of-court restructurings, as well as troubled company advisory work on both the debtor and creditor side.
Ki serves on the boards of directors for the following Resilience portfolio companies: Penda Corp, CR Brands Corp, Aerospace Product International (API), Affinity Apparel Corp and Porters Group Corp. He is also a Trustee for the
Cleveland Zoological Society and The Nature Center at Shaker Lakes, and is a Director for Air Enterprises, Inc.
Ki received his undergraduate degree in History from Wittenberg University, and his MBA from the Weatherhead School of Management at Case Western Reserve University with a concentration in Finance.
Megan Horvath (McPherson)
Megan is a Principal on Resilience’s investment team. Her responsibilities include acquisition searches, investment evaluation, due diligence, deal execution, financing, and monitoring of portfolio companies.
She joined Resilience in 2007 and has worked on numerous acquisitions in capital equipment, aerospace, plastics, consumer goods, building products, minerals and industrial manufacturing industries.
Prior to Resilience, Megan worked in corporate and investment banking in KeyBanc Capital Markets. While there, she was involved in a number
of projects including M&A advisory and valuation analysis for specialty chemicals, plastics, metals, recreational vehicles and other diversified industrial companies.
Megan holds a BBA from the University of Notre Dame. She serves on the executive committee of Association for Corporate Growth’s Women in Transactions and is the Fundraising Chairman of the Notre Dame Club of Cleveland.
William joined Resilience in 2010. He is a member of the investment team and his responsibilities include screening new deals, conducting due diligence, executing transactions, negotiating debt financings, and monitoring portfolio companies.
Prior to joining the firm, he was an investment banking analyst for Harris Williams & Co., where he was involved in a variety of assignments, including M&A advisory and valuation analysis for metals, consumer, aerospace, construction, and other diversified companies.
Managing Director, Business Development
Managing Director, Business Development
Rob joined Resilience in 2009. His responsibilities include business development, originations and marketing for the firm.
Prior to Resilience, Rob practiced law for 12 years with Cleveland law firms including McCarthy, Lebit, Crystal & Liffman Co., LPA; and Miller, Goler Faeges LLP, where Rob concentrated in the areas of business litigation, creditors’ rights and bankruptcy.
Rob is a licensed attorney in the state of Ohio and is an active member of the Turnaround Management Association, American Bankruptcy Institute and Association for Corporate Growth.
Rob has a JD from Cleveland State University’s Marshall College of Law and a BA from Emory University in Political Science.
Tom joined Resilience Capital in 2017. As an Associate, he is responsible for supporting the investment team in sourcing, evaluating, and monitoring portfolio companies.
Previously, Tom was an Associate in the M&A Department at BNP Paribas in New York. While there, he advised clients on both the sell-side and buy-side across a range of corporate finance transactions in industries including manufacturing, distribution and services.
Prior to BNP Paribas, Tom was a Jr. Associate in the Equity Research Department at Morgan Stanley and an Analyst in the M&A Department at HT Capital Advisors, both in New York.
Tom graduated from Northeastern University in Boston with a B.S. in Finance & Accounting Management.
STRATEGIC ADVISORSHimanshu Amin
Chairman & CEO
Aleris International, Inc.
Steve Demetriou is the Chairman of the Board and Chief Executive Officer of Aleris International, Inc., an international aluminum company, following the merger of Commonwealth Industries, Inc. and IMCO Recycling, Inc. Mr. Demetriou served as President and Chief Executive Officer of Commonwealth from June 2004, and a Director of Commonwealth from 2002 until the merger. He was President and Chief Executive Officer of privately held Noveon, Inc., a global producer of advanced specialty chemicals for consumer and industrial applications, from 2001 until June 2004, when he led the sale of Noveon to Lubrizol Corporation.
From 1999 to 2001, he was Executive Vice President of IMC Global Inc., a producer and distributor of crop nutrients and animal feed ingredients. Mr. Demetriou serves on the Board of privately held Kraton Polymers as well as two public companies, Foster Wheeler AG and the OM Group, Inc. He also serves on the boards of several community organizations, including United Way of Greater Cleveland, Cuyahoga Community College Foundation and the Cleveland Sports Commission.
Michael joined Resilience in 2008. Prior to that he was President, Chief Executive Officer and Director of Oglebay Norton, a former Great Lakes shipping and mining company with $600 million in annual revenues. Michael led it through a voluntary Chapter 11 process, in which he completed a financial restructuring and business portfolio reorganization.
Before becoming Oglebay’s CEO, he served as its President and COO and was in charge of the company’s fleet of vessels, 24 mines and 1,800 employees. Prior to this, Michael was President and Partner of Michigan Limestone Operations. While there, he negotiated the $100 million sale of that company to Oglebay Norton.
Prior to joining Michigan Limestone, Michael held various technical and managerial roles in the aerospace and electronic warfare industry with Hughes Aircraft and Magnavox.
Throughout his career, he has beeninvolved with several business start-ups, more than a dozen corporate refinancings/bond offerings and over 50 M&A transactions.
In addition to serving on the boards of several Resilience Capital portfolio companies, he currently serves as Non-Executive Chairman of Euramax and Rand Logistics. Michael is also a board member for US Concrete. He currently serves as Chairman of the Board for Breckenridge Creative Arts, a not-for-profit organization. Past board positions he has held comprise 10 corporations and multiple non-profits.
Michael received his Bachelor of Science degree from the University of Wisconsin-Stout and his MBA from Loyola Marymount University.
Mike joined Resilience in 2008. He currently serves as Chairman of Resilience’s portfolio company, CR Brands. Prior to that, he was the CEO of Lamson & Sessions Corporation, a $560 million manufacturer of plastic pipe, fittings, and switch and outlet boxes for the home and commercial construction industries, until its successful sale to Thomas & Betts in November 2007.
From September 2005 to November 2006, Mike was the CFO of American Greetings Corporation, a $1.7 billion company, where he led the M&A activities and facilitated the refinancing and repurchasing of a
third of the company’s outstanding shares. From 1995 to 2004, he was CEO of Royal Appliance Mfg. Co., the manufacturer of Dirt Devil vacuum cleaners with $428 million in sales. Mike led the company until its sale to its largest supplier in 2003.
Mike currently serves on the boards of four public companies: Invacare Corporation, Nordson Corporation, OMNOVA Solutions, Inc., and Regis Corporation.
Bob joined Resilience in 2006 both as an investor and as President & CEO of one of the firm’s portfolio companies, Steel Parts Manufacturing.
He has over 35 years of lean manufacturing experience. Bob’s experience spans from product and manufacturing engineering and development, to plant and facilities engineering and production leadership, to IPOs and turnarounds of troubled enterprises.
Prior to Steel Parts, Bob held key executive positions at Decoma International Inc., a division of Magna International, Saturn Corporation and General Motors Corp. Bob was also President of RP Manufacturing, which specialized in contract leadership of troubled
manufacturing businesses and operational turnarounds. RP’s customers included Fortune 500 OEM companies and tier I and II automotive manufacturing suppliers.
Bob has extensive experience in site selection, startup of new facilities as well as plant operations and engineering in the United States, Canada, Mexico and Brazil.
He holds two bachelor’s degrees—one each in Chemical and Mechanical Engineering—and two master’s degrees—one each in Thermal and Environmental Engineering—from Southern Illinois University in Carbondale, Illinois.
Kenn currently serves as Chairman of Resilience’s portfolio company, Flight Options. He is a 28-year aviation veteran and among the industry’s most dynamic leaders. Kenn founded Corporate Wings, an aircraft management, charter and fixed-base operation in 1980. In 1998, he revolutionized fractional aircraft ownership when he founded Flight Options.
Kenn erves on the Business Advisory Council of his alma mater, the University of Notre Dame, is an active member of the Young Presidents’ Organization (YPO), is on the Board of Trustees of University Hospitals, the Arizona Cystic Fibrosis Foundation, and Gilmour Academy.
* Some Operating Executives and other asterisked personnel (collectively, “Consultants”) discussed in this presentation may be third-party consultants or otherwise expected to regularly perform services on behalf of certain Funds and portfolio companies. While the compensation of such Consultants is generally borne by portfolio companies and/or the Funds, from time-to-time, such Consultants may also provide services to and/or receive part or all of their compensation, benefits or other resources from Resilience. The level and type of such compensation borne by the Funds and/or portfolio companies, on the one hand, and by Resilience, on the other, is expected to vary.
OPERATIONS TEAM *Ulf Buergel
Ulf joined the firm in 2007 when the company he was the President & CEO of (Penda Corporation) was acquired by Resilience. He continued to lead Penda until 2011, when he became a Partner with Resilience.
He currently serves as the head of Resilience’s operations team, which drives post-acquisition shareholder value creation by working with the portfolio companies to develop profit maximizing strategies, accelerate top line growth and improve operational performance.
Ulf has over 30 years of experience in a variety of industries. He has a successful track record in M&A, operational restructuring, strategy development, building executive teams, and applying management principles including Six Sigma, lean manufacturing, theory of constraints, value based management and integrated supply chain principles.
In his role as President & CEO of Penda, he led the repositioning of the company to the leading automotive components supplier. He was instrumental in the
divestiture of two non-core subsidiaries and the merger with Penda’s largest competitor, Durakon Industries in 2009.
Prior to joining Penda, Ulf worked at Dow Chemical in Germany, Switzerland and the USA. He held various senior level positions during his 20-year career with Dow, and gained extensive experience in managing business operations in North America, Europe and Asia. As part of his global responsibility he served on the Board of Directors for Sumitomo-Dow Limited, Japan; and LG-Dow, Korea.
Ulf holds a Bachelor of Mechanical Engineering degree from the University of Bremen, Germany and an MBA from the City University of Zurich, Switzerland.
Ron is currently Executive Chairman of Thermal Product Solutions, LLC, a Resilience portfolio company that specializes in manufacturing standard and custom environmental test chambers, industrial ovens and industrial furnaces.
Ron brings 19 years of experience in the building products and capital equipment manufacturing industries. While serving in senior operations roles, Ron’s focus has been on value creation for stakeholders.
Past leadership positions he has held include President, CRO, General Counsel and Corporate Secretary for companies such as Ajax TOCCO Magnethermic Corp. and Park-Ohio (Nasdaq: PKOH). During his career, he has been involved in numerous transactions including Chapter 11 reorganizations, out-of-court restructurings, and other mergers and acquisitions, both public and private.
Rick joined Resilience in 2015. He oversees and directs the firm’s aviation investment platform with a focus on maintenance, repair and operations.
Prior to joining Resilience, Rick was the CEO of two private equity-backed, aviation related businesses: Schneller, a manufacturer of highly engineered flame retardant polymer materials used in interiors of commercial aircraft, which sold to Transdigm Group Inc; and Align Aerospace, a value-added distributor, supply chain manager and 3PL provider of assembly hardware for A&D OEMs, which sold to AVIC International.
Prior to joining the aviation business, Rick held a number of senior level leadership positions across a variety of industries including Vice President, Strategy and Development for the Valvoline Company; Managing Director, Key Corp Investment Banking; Chief Financial Officer, The Horsburgh & Scott Co.; and Senior Manager, Ernst & Young Consulting.
ADMINISTRATIVE TEAMChris Clair
Chief Financial Officer
Co-Chief Compliance Officer
Chief Financial Officer
Co-Chief Compliance Officer
Chris joined Resilience in January 2014. In his role, he is responsible for the finance and compliance functions for Resilience Management and all its affiliates.
Previously he served as Director and Chief Compliance Officer at Paragon Advisor, Inc., where he was responsible for the accounting of over 25 “fund of fund” investment vehicles and also oversaw the firm’s compliance function.
He is a Certified Public Accountant in the state of Ohio and a member of the Ohio Society of CPAs.
Chris holds a BSBA in Accounting from John Carroll University.
Co-Chief Compliance Officer
Co-Chief Compliance Officer
Chad joined the Resilience team in January 2016 as General Counsel, a new role that was created as a result of the firm’s continued growth.
Prior to this, Chad spent 11 years at Diebold, Incorporated, a publicly traded global manufacturer, sales and service provider of self-service technology, software and security solutions, where he held a number of roles with increasing responsibility, including more than three years as Vice President, General Counsel and Secretary. Among his accomplishments while at Diebold, Chad was responsible for negotiating and closing more than 25 M&A transactions around the globe, totaling more than $300M in transaction value.
Chad started his career working as an associate attorney in the business practice area at Hahn Loeser + Parks LLP, a full-service law firm headquartered in Cleveland, where
he represented clients in connection with securities compliance, M&A,corporate finance transactions and general corporate legal matters.
He is licensed to practice law in the state of Ohio and is a member of several industry organizations, including the Association of Corporate Counsel and the Cleveland Metropolitan Bar Association.
Chad graduated magna cum laude with a Juris Doctorate from Cleveland State University’s Cleveland-Marshall College of Law, and holds a Bachelor of Science in Business Administration with a dual specialization in International Business and Business Pre-Law from Bowling Green State University.
Jennifer joined Resilience in February 2016, and is responsible for providing various accounting functions to the Firm and its related investment entities.
Previously, Jennifer worked in a variety of accounting roles in both for-profit and non-profit organizations. Jennifer holds a BBA in Accounting from the University of Cincinnati and an MBA from John Carroll University.
Monique joined Resilience in 2014 and handles the daily operations of the office which includes providing administrative support to the investment team.
Monique is also responsible for handling the processing and organization of new investment opportunities.
Prior to joining Resilience, she was a Recruiter for Pfizer’s Sales Division and a Personnel Manager for the City of East Cleveland.
Monique has an Associate of Arts from Cuyahoga Community College and studied Business Administration at Indiana Wesleyan University.
Claire joined Resilience in May 2008. As Executive Assistant, she provides support and assistance for the two Co-CEOs, undertaking a wide variety of tasks and responsibilities. In her role as Office Manager, Claire handles the daily operations of the office.
Before joining Resilience, Claire was Executive Assistant to the CEO of Madge Networks in the UK, where she provided extensive organizational support directly to the CEO and his family.
Janine joined Resilience in April 2015 and handles the administrative responsibilities within the Operations Group. She provides support to the department which includes scheduling meetings, organization of travel, expense reporting and other multi-tasking office responsibilities.
Janine has been an administrative assistant for over 25 years. Prior to joining Resilience she was the executive assistant to the CAO and CFO at DDR Corp., the Executive Assistant to the President at Heritage Development Company and the Assistant to the Vice Chairman at CT Partners.
Janine studied Business Management at Cuyahoga Community College.
Human Resources Consultant
Nan Zieleniec *
Human Resources Consultant
Nan joined Resilience in 2013. She oversees the human resources activities of the firm, engages in HR due diligence on the firm’s acquisitions, and provides HR counsel to the firm’s portfolio companies.
She brings over 30 years of corporate human resources leadership experience to her role. In addition to operating her own HR consulting practice, Nan served as Senior Vice President of Human Resources at DDR Corp and VP of HR at Associated Estates Realty Corporation.
Nan’s professional experience spans a broad range of industries, such as consumer packaged goods marketing research, financial services, manufacturing, multi-family
housing, construction, shopping center operations, commercial leasing and telecommunications.
She holds a BS in Organizational Communication and an MS in Business with a specialty in Human Resources and Labor Relations.
IT & Cyber Security Consultant
Steven Oliveri *
IT & Cyber Security Consultant
Third Party Fund Administrator
Third Party Fund Administrator