Harry Elkin

Harry Elkin

Work History

Work History
Jan 2009 - Present

Partner

Lyons Acquisition Group
Partner at Lyons Acquisition Group 

January 2009 – Present  ( 5 months)

The Lyons Acquisition Group (LAG) partners include four seasoned C-level executives;Tom Lyons, Jake Sagehorn, Dennis Cagan and Harry Elkin. The group is focused on the acquisition, operation and management of profitable companies in the DFW Metroplex. Their M&A advisors and intermediaries are Chapman Hext and White Rock Advisors. Funding commitments are in place with two Private Equity Groups.

Apr 1997 - Jan 2008

SSEC

A privately held buyer and reseller of used capital equipment. The company has purchased tens of millions of dollars of equipment on a worldwide basis from Intel, IBM, Micron, Fujitsu, TSMC, LSI Logic, Agere, Motorola, Matsushita and numerous leasing companies.

PRESIDENT                                                                                                            (2004 to 2008)

Recruited as Managing Director in 1997; advanced to President in 2004.  Accomplished this initially by forging a strategic partnership with an Austin-based friendly competitor in the same industry. Proceeded to cement a partnership relationship with an established Tokyo company with extensive

industry international relationships.

* Led the company during 10 successful years generating a 46% gross profit and 30% net income. Consistently managed operational costs and achieved sustained sales and profitability increases since 2002.

* Increased sales 200% and gross margin 81%; reduced costs 19% and increased net income 388% over a three-year period. Achieved this by downsizing and relocating the business, developing strategic partnerships in the US and in Japan, and hiring a high performing sales team.

* Developed global marketing, sales and vendor relationships in the equipment servicing industry throughout the U.S., Europe, and Asia.

MANAGING DIRECTOR                                                                                          (1997 to 2004)

Primarily responsible for sourcing and negotiating the purchase of equipment for resale. Charged with developing partnerships and supplier/vendor relationships. 

* Instrumental in the purchasing of equipment and facilitating many of the sales delivering $19M in sales; $11M in gross profit and $9M in profits in year 2000

* Negotiated a purchase of 98 pieces of equipment for $650K and resold for $2.5M during first year of operations

* Led and negotiated the successful buyout of Mustang Management from majority shareholder and positioned asset sale to SSEC; managed the subsequent integration of operations.

* Established many strategic relationships, including exclusive contract to sell Intel's surplus equipment.

Jan 1986 - Jan 1998

Corporate Dynamics, INC.

CEO

Mergers & Acquisitions

Mar 1992 - Apr 1997

Mustang Management

Boutique high tech capital equipment trading company specializing in the semiconductor industry.

VICE PRESIDENT

Responsible for sales and operations of the organization.  Provided strategic planning, sales team leadership and creative innovations to improve bottom line performance.

* Developed and implemented business strategies that increased sales, company awareness, and profitability.

* Brokered sales and bought equipment while controlling costs, which resulted in a profit during the first year of operations.

Jan 1988 - Mar 1992

AMBAC International

A $100 million multi-national diesel fuel injection manufacturing company serving the diesel engine manufacturing and military sectors.

ASSISTANT TO THE CHAIRMAN

Responsible for all merger and acquisition activities.  Served as a member of the Board of Directors for a hospital where Ambac had an ownership interest. Primary contact for a strategic alliance with a substantial Russian manufacturing company.

* Led the $13M acquisition of an underperforming automation company from a Fortune 1,000 company; responsible for financial and operational due diligence, including final contract negotiations.

* Turned around a West Virginia Hospital from Chapter 11, interfacing directly with all partnership interests.  Negotiated the successful sale of ownership interest to minority partners

* Revitalized and turned around a $1M product line which sold products on an international basis, by hiring a key salesman and meeting with key distributors in the US and Europe to identify and implement critical technical and delivery improvements.

Jul 1983 - Dec 1986

Frito Lay

GROUP MANAGER INDUSTRIAL ENGINEERING

Directed the Industrial Engineering Field Support group, with responsibility for 5 industrial engineers supporting productivity improvement efforts for 5 Area Vice Presidents across 39 manufacturing facilities in the U.S.

* Key liaison with the Manufacturing Engineering Group to justify and implement major capital cost reduction programs throughout the company.

* Led company-wide labor productivity improvement programs for all manufacturing facilities.

Education

Education

BS

MBA

Skills

Skills

Outside Activities

Advisory Board Member: Aquarian Global Partners, LLC, Houston, Texas Former Director:  Doctors Hospital, Charleston, West Virginia

Areas of Expertise

Areas of expertise:   * P&L Management * Mergers & Acquisitions * New Business Development * Strategic Partnerships / Alliances * Profit / Productivity Improvement * Operations Management * Contract Negotiations * Strategic Planning * International Relations

Interests

Fitness Buff

Retired Marathon Runner- San Francisco, Boston, Atlanta, Dallas White Rock, etc

Retired road bicyclist- Trek Carbon fiber Lance Armstrong red/white and blue

Golf

Reading legal fiction

Politics on MSNBC

Being a Dad to my  2 daughters and 3 nieces

Attempting to learn Japanese

Executive Profile

Harry Elkin has extensive senior operations management and entrepreneurial experience in a diverse number of Fortune 500 and privately held businesses, and a record of success in improving sales and profitability, turning around underperforming businesses, and increasing shareholder value.

His most recent experience has been as the President of a very profitable boutique capital equipment trading company, where he led his team to deliversales that generated a 46% gross profit and 30% net income during the past ten years.

Harry is equally qualified and capable of managing the M&A process from sourcing to due diligence to final negotiations. He was responsible for sourcing and evaluating acquisition candidates, managing the due diligence team, and negotiating transactions for a $100 million multinational industrial manufacturing company.

His experience includes P&L management, mergers and acquisitions, business turnarounds, developing global strategic alliances and partnerships, profit/productivity improvement, operations management, industrial engineering, subcontract manufacturing and internal auditing in industries that include: snack foods, semiconductor capital equipment, TV and stereo manufacturing, diesel fuel injection systems, point of sale displays, foundries, paper mills and packaging operations.

Outside Activities:

Advisory Board Member:   Aquarian Global Partners, LLC- Houston, Texas

Former Director :                Doctors Hospital, Charleston, West Virginia