Carl Paschetag

Engagement Partner, Boston
carl.paschetag@tatum-us.com

Carl is an accomplished finance executive who excels in providing hands-on financial leadership to fast-paced and complex organizations.  His experience includes the turnaround of five troubled companies, carve outs of four companies backed by private equity sponsors and three ERP system implementations.   

He has extensive experience managing all aspects of the finance department including capital raises, refinancings, SEC reporting, leading the finance team, managing cash, complying with Sarbanes-Oxley, acquisition due diligence and integration of acquisitions. Focusing on middle market companies with revenues ranging from $50 million to $1 billion, Carl is familiar with the manufacturing, consumer products, professional services, environmental services, industrial services, transportation and medical device industries.

Tatum professional highlights include:

·         As CFO, Carl led the financial turnaround of a $500 million publicly traded engineering and consulting firm. He refinanced the outstanding debt to resolve the threat posed by operating under a forbearance agreement, managed a five-year restatement of the financial statements due to prior management’s misapplication of GAAP, and led the conversion of seventeen computer systems to a common ERP platform.

·         Carl was Interim CFO of a $70 million manufacturing company where he stabilized and rebuilt the finance function after the resignation of three-fourths of the professional accounting staff including both the CFO and Controller.

·         Carl was Vice President, Controller and Treasurer of a $700 million publicly traded environmental services company that emerged as the leader in its industry through its acquisition of a $500 million business from bankruptcy. In this capacity, he led the financial day-one integration of the acquired company.

·         Interim CFO of a $500 million subsidiary that was carved-out of a Fortune 500 company by a leading private equity firm. Carl established the finance function to support a standalone company, including hiring staff and developing policies and procedures; he played a key role in the implementation of the finance modules of the ERP system; he converted general ledgers of thirty legal entities from the legacy systems; and he developed an Excel tool to consolidate the financial results of thirty legal entities with sixteen functional currencies.

·         Project Manager for a $120 million manufacturer of consumer products. In this capacity, he led the carve-out of the business upon its acquisition by a private equity firm, and he drove the due diligence and integration of a follow-on carve-out acquisition from a publicly traded $2 billion French company. In these roles, he identified $1.6 million and $0.9 million of working capital adjustments, which, after negotiation, resulted in reductions to the purchase price of $0.8MM and $0.5MM. He teamed with a divisional General Manager to deliver operating results above expectations, and he developed a plan to dispose of $2.0MM of discontinued inventory and liquidated the full-year target of $0.7MM in five months.

Academic and professional credentials
Carl received a Bachelor of Business Administration in accounting from The University of Texas.

 

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