Mr. Maier has 14 years of private equity, venture capital and operations experience. For the past 7 years, Mr. Maier has assisted private equity funds with the turnaround and management of their portfolio companies. His titles have included COO, CFO, and Director of Operations and Business Development.
From June 2012 through March 2014 Mr. Maier was Director of Operations and Purchasing for Sanmar Laboratories/Process Technologies & Packaging. In this role Mr. Maier was hired by Overall Capital Partners to assist with the plant and warehouse integration of operations from a New York facility into an expanded facility in Pennsylvania and to manage a chemical purchasing budget of approximately $10 million annually. Upon arrival, monthly chemical purchases were approximately $2 million per month and inventory for several items had grown to a six-to-eight month supply. Mr. Maier worked with vendors to return excess items with the intention to purchase them again in four-to-six months which enabled the company to significantly increase its short term working capital. Mr. Maier was able to reduce monthly purchases to approximately $800,000 and reduced inventory to about 45 days. Mr. Maier also oversaw the offsite warehouse operation that was suffering from poor performance in delivery of items to the manufacturing facility down the road. Delivery of chemicals and components were taking up to three days from the date of request. After setting up a request tracking process, deliveries were made twice daily with only three hours of notification required.
From January 2011 to May 2012 Mr. Maier was interim CFO of a power-line maintenance company in Oklahoma. The company was in default on a $10 million senior bank loan and was suffering business disruption issues from an accident caused by a utility company that did not mark a natural gas pipeline. Mr. Maier negotiated with the bank and the company’s vendors to extend payment terms. Mr. Maier also worked with the company’s founder to reduce overhead to match current cash flow. The company was able to stabilize, come current with its vendors and was in compliance with the new covenants of the senior bank debt.
From September 2009 to December 2010, Mr. Maier was Director of Operations & Business Development for US Spine in Boca Raton, Florida. Mr. Maier and two other executives were hired to turn around the company. The company was not cash flow positive and did not have a consistent business strategy. Mr. Maier assisted the research and development team to identify intellectual property that could quickly be commercialized. The Company was able to identify several items that had viability and began a successful rollout of these new products. US Spine was acquired by Amedica, Inc. in September 2009.
From 2007 to 2009, Mr. Maier was an executive vice president at Cotton Creek Capital Management, a $100 million private equity fund and he served as interim COO of a waste management portfolio company that was not performing to expectations. Mr. Maier was able to get the company to be cash flow positive within three months. He was also able to reduce fuel expense by 35% with the implementation of route optimization software for garbage hauling and street sweeping.
From 2001 to 2007, Mr. Maier worked at Hela Capital Partners, a $300 million private equity partnership with GTCR, where he was promoted from associate to principal. Mr. Maier created a financing structure that generated an additional $25 million of carried interest for Hela’s General Partners.
Mr. Maier started his career at Capitol Health Partners, LP, a Small Business Investment Company, where he dealt with all aspects of the SBA’s regulations, audits, reporting, and compliance.