Continuous Improvement Financial Data

KENNETH C. ANTHONY, CPA

***** ******* ****** ****; Johns Creek, GA 30097 ad6lh0@r.postjobfree.com

678-***-**** linkedin.com/in/kcanthony

FINANCIAL EXECUTIVE

With a track record of successful M&A transactions, implementing infrastructure, and business growth. EXPERIENCE PROFILE

• Significant experience with merger and acquisitions, turnarounds, growing companies, operating in leveraged environments, and managing businesses for cash.

• Experience working for private equity portfolio companies, developing financial models, and integrating add-on investments.

• Expert at implementing financial and accounting infrastructure.

• Chief Financial Officer for five companies and over fifteen years of profit and loss support.

• Expert at upgrading reporting systems, tightening internal controls, and streamlining processes. Ability to program in Visual Basic (“VBA”) to automate repetitive, time-consuming tasks. SELECTED RESULTS

• Worked closely with the CEO to turn around $275M staffing business and grow EBITDA fivefold.

• Successfully replaced and implemented new accounting system at investment management company that increased productivity, streamlined reporting, and consolidated financial data.

• Helped drive private equity partnership valuation from $3M to $100M in four years.

• Coordinated investors' due diligence requests for $1B raised and placed in managed funds. ANTHONY FINANCIAL MANAGEMENT, LLC, Johns Creek, GA 2013 – Present Consulting firm that performs interim and project assignments. Representative assignments include: Television stations acquisition

• Assisted television broadcaster acquire six television stations in small markets across the United States. Approximate deal size is $50M.

• Provided due diligence schedules and populated data rooms for valuation specialists, lenders, and firms performing quality of earnings analysis. Assignment included producing budgets, forecasts, cash flow analysis, and consolidated proforma financial statements for integrated entity.

• Developed several process improvements that will reduce the company’s month-end reporting process by three man-days. Previously, financial data was hand-keyed into spreadsheet models. Environmental firm acquisition

• Worked with investment group to acquire environmental firm with $100M+ valuation. The environmental firm’s proprietary patents are attractive to the marketplace because its products increase crop production 100% to 400% and company generates carbon credits that can be sold for cash on public exchanges.

• Produced proforma financial forecasts for business’ expansion throughout North America, Asia, Europe, and Australia. Financial data was incorporated into prospectus that led to $500M bond offering and listing on an exchange. The bond offering was successfully sold. P a g e 2

KENNETH C. ANTHONY

Anthony Financial Management (Continued)

Capital project financing

• Collaborated with development team to produce several investment “books” for Indonesian- based capital projects for an Indonesian investment bank.

• Multi-billion-dollar projects included: development of one million homes for low and middle- income families, construction of two residential and commercial hi-rise towers (28 story and 15 story), and the purchase and development of $500M Laterite Ore mine.

• Estimated construction costs and produced proforma financial statements that detailed revenue streams once the projects were completed.

Woman Owned Staffing Company

• Assumed financial and operational roles at firm and managed many of the day-to-day operations including the company’s expansion into the Buffalo, NY market.

• Successfully opened, interviewed management, and staffed 120-person Buffalo office that served as an IBM call center.

• Selected and implemented Intaact accounting system where over 800K transactions were successfully converted from QuickBooks by macros written by me in Visual Basic (VBA).

• Upgraded recruiting software, streamlined recruiting processes by eliminating redundant data entry, and created financial forecasts, budgets, and cash flow analysis. SPARUS HOLDINGS, INC., Norcross, GA 2013 – 2014

Private equity portfolio holding company ($56M sales) providing professional services to the natural gas industry.

Chief Financial Officer

Lead accounting and finance functions for holding company with four domestic offices, 400+ field employees, and seven operating entities. Created annual business plan, drove strategic objectives, and established metrics for improving operating and financial performance.

• Oversaw annual EBITDA increase of 30%+ through the expansion of higher gross margin business and elimination of non-profitable activities.

• Instituted monthly forecast process, created consolidated financial reports, and developed cash flow models to predict borrowing base and cash availability.

• Reduced time to produce monthly financial packages by 1,000 hours annually. Developed and wrote Visual Basic (VBA) programs to extract financial data from seven QuickBooks entities with 1,800 general ledger accounts.

• Financed Company's growth by increasing credit revolver 33% and securing funding for deployed assets. Managed and forecasted cash to determine compliance with bank covenants. P a g e 3

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POWERTEAM SERVICES, LLC (PTS)., Cary, NC 2013

Leading provider of services for the recurring repair, replacement, maintenance and installation of natural gas and distribution infrastructure. ($250M sales). CIVC Partners, LP sold portfolio company for

$400M to Kelso & Company.

Consultant

Hired by CIVC Partners, LP (CIVC) and True North Equity (TNE) to prepare portfolio company for sale. Company delivered services through three operating units: KS Energy Services, Southeast Connections and newly acquired Distribution Construction. PTS operated in 14 states from the upper Midwest to the Southeast and employed 1,400 people.

POWERTEAM SERVICES, LLC (Continued)

• Converted Distribution Construction accounting system from cash basis to accrual basis of accounting. Worked with external auditors to bring the company’s books in accordance with Generally Accepted Accounting Principles (GAAP).

• Prepared purchase accounting entries and integrated Distribution Construction into consolidated entity.

• Prepared company for sale by creating “data room” schedules and handling due diligence requests. IMPELLAM NORTH AMERICA, Houston, TX 2009 – 2012

Professional staffing services subsidiary ($275M) of Impellam Group plc (IPEL, $1.9B sales). Senior Vice President and Chief Financial Officer (promoted from Vice President and Controller) Managed accounting and finance operations for staffing firm with over 40 domestic offices. Developed and implemented corporate strategic initiatives. Managed five direct reports and over twenty professional staff.

• Succeeded in turning around staffing business and growing EBITDA fivefold over three-year period.

• Selling, General, and Administrative (SG&A) expenses reduced by one-third over three years.

• Most efficient “back office” operations in global staffing industry, per global consultant study.

• Reduced days sales outstanding (DSO) by three full days to extent that average customers paid invoices one day before terms.

• Reduced receivables, over ninety days outstanding, by over $500k. CADILLAC JACK, INC., Atlanta, GA 2007 – 2008

Private Equity portfolio company ($45M) that designs and manufacturers gaming products in the United States and Mexico for Class II, Class III, Charitable, and Entertainment gaming markets. Chief Financial Officer

Directed the overhaul of the Company’s Finance Department. Managed Legal, Information Technology, and Human Resource Departments. Staff, twelve direct reports, and ten professionals.

• Implemented a series of internal controls that improved accountability, increased efficiency, saved Company $500k, and improved EBITDA by over ten percent.

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Cadillac Jack (Continued)

• Developed and implemented automated accounts receivable process improvements that reduce time to produce customer invoices by 90% and improved cash collections by 25%.

• Increased monthly cash flow collections $2M within four months, an increase of 100%.

• Directed department task forces dedicated to improving efficiency, reconciling account balances, and documenting procedures for accounts payable, accounts receivable, fixed asset management, cost accounting, and sales.

TIMBERVEST, LLC, Atlanta, GA 2004 – 2007

Privately held investment management company with over $1.5B of assets. Timbervest invests in timberlands and mitigation banks on behalf of private and institutional investors. Chief Financial Officer

Responsible for the day-to-day accounting, forecasting, and reporting for investment management company. Developed strategic plan to accommodate Company’s 300% asset growth. Managed staff of six.

• Helped drive investment partnership valuation from $3M to $100M in four years by superior service to investors who consistently reinvested in new investment fund offerings.

• Launched six new investment funds with over $1B committed by investors. Solicited, collected, and made necessary filings for funds received.

• Developed investment tools and financial models that analyzed cash flows and returns for prospective timberland investments.

PHILIPS ELECTRONICS, Atlanta, GA 2002 – 2003

Consumer electronics company with $1.2 billion domestic sales. Interim Division Controller

Drove strategic planning, budgeting, and forecasting processes. Enhanced company's internal reporting by significantly increasing number and quality of reports while simultaneously reducing their preparation time.

• Served as controller for $600+ million consumer television division. Overhauled internal reporting system and reduced month-end reporting process from fifteen hours to one hour.

• Drove annual budget. Developed database tool that reduced budgeting process by 25% and provided department controllers with detailed and summary reports.

• Developed over thirty customized reports for department managers that allowed them to dissect the business drivers and obtain greater sales and increase gross margin percentage. EARLY CAREER

From 1982 to 2002 held positions as Chief Financial Officer, external auditor, staff accountant, financial analyst, and director of finance at employers that included Ernst & Young, Ford Motor Company, Kmart, an Internet startup, and Apple Computer.

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KENNETH C. ANTHONY

PROFESSIONAL SERVICES EXPERIENCE

Worked at three professional services firms where I developed business and sourced senior executives across the United States for interim, project, and permanent executive roles. Primary clients were mid- market private equity firms across the United States. Built extensive database and network with private equity groups, venture capital firms, investment bankers, institutional lenders, M&A attorneys, and service providers.

CXO EXECUTIVE SOLUTIONS, Atlanta, GA 2021 – Present CSUITE FINANCIAL PARTNERS, Atlanta, GA 2016 – 2021 HARDESTY, LLC, Atlanta, GA 2014 – 2016

EDUCATION

STANFORD UNIVERSITY GRADUATE SCHOOL OF BUSINESS

Master of Business Administration 1995

HOLY CROSS SCHOOL OF THEOLOGY

Master of Divinity – M.Div. 1989

Graduated Magna Cum Laude

ST. BONAVENTURE UNIVERSITY

Bachelor of Business Administration – Accounting 1982 Graduated Magna Cum Laude

PROFESSIONAL CERTFICATIONS

• Certified Public Accountant with "active" licenses in New York State and Georgia. PROFESSIONAL ORGANIZATIONS

• Member of New York State Society of CPAs, Georgia State Society of CPAs

• American Institute of Certified Public Accountants (AICPA).

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