A $110MM private-equity backed designer and manufacturer of innovative power solutions with over 50 years of power supply design experience; products include specialty power supplies and electromagnetic interference (“EMI”) filters for diverse, attractive endmarkets – industrial, semiconductor, medical, military, aerospace, and other end markets. + 40 full time engineering employees with 69 degreed engineers on staff, optimized low-cost Asian manufacturing combined with U.S.-based advanced engineering and “Made in the USA” manufacturing for military and medical customers + Distinguished in the market with products that are typically specified into customers’ devices for the design life of that application, creating a diversified and stable base of recurring revenue; strong growth prospects resulting from design wins on next generation customer applications
We were retained by Tinicum Incorporated to deliver a strategic-minded, deal proven CFO to help build a scalable finance/accounting framework, enhance and refine existing processes, and optimize reporting to provide more meaningful insight into the business and resonate with board expectations. Due to a newly promoted CEO, significant emphasis was also placed on recruiting an operationally savvy CFO who could function as a proxy. David Wall, CFO of Aavid Thermalloy, was courted and selected to join Astrodyne TDI. David demonstrated the appropriate pedigree (MBA & CPA) and deep experience across a range of PE manufacturing environments. With Aavid, David was responsible for helping improve EBITDA by 56% and completing six different acquisitions and integrations creating $100M in net new shareholder value before a strategic sale to Boyd Corporation for 13x EBITDA. Prior to Aavid, David experienced five successful exits with Genstar, Altra, and Audax.
Since joining Astrodyne in Q3 2018, David has improved A/R, cashflow, inventory turns, and has laid the foundation for a new ERP system to be fully implemented by early in 2019