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SUMMARY OF QUALIFICATIONS

Extensive experience in all facets of Chief Financial Officer responsibilities.  Proven experience in * capital formation accessing both the public and private markets having arranged in excess of $1.5 billion in debt and equities * value creation through mergers and acquisitions including international transactions * initial public offerings - both equity and debt * arranging and negotiating senior commercial and mezzanine debt * structuring and negotiating merger and acquisition transactions * maintains strong relationships with investment banking community * public and private company investor relations * strategic plan development and implementation * development and implementation of integrated management information systems * operations including production, sales, marketing, and product development * proven ability to provide leadership through creative problem solving and innovation  . . .  served as Chief Financial Officer of nation’s fastest growing home-builder in 2003 and 2004,  led sale of company in 2005 * served as Chief Financial Officer of internet based global corporate training and education company having arranged in excess of $65 million of private equity and financing * has served as Chief Financial Officer of publicly traded company generating revenues in excess of $700 million  *  has led the purchase or sale of over 20 companies * previously served as Vice President of Finance having arranged nearly $250 million in debt financing and $20 million of domestic and international joint venture and investment financing.  Holds two MBA’s; graduated with honors from both Columbia University’s Columbia Graduate School of Business and Haas School of Business at the University of California, Berkeley as part of a joint program.  Currently pursuing doctoral degree in Executive Leadership in Human and Organizational Learning at The George Washington University.  As Contributing Editor writes monthly award-winning column on financial topics and regularly is asked to speak at industry and investment conferences.   Serves as a member of the Board of Trustees of Juniata College, chairing the Audit Committee and serving on the Executive Committee.

PROFESSIONAL EXPERIENCE  

Chief Financial Officer and San Antonio Division President    

Sivage Homes                                                                                

Builder Acquisition Corp.

Albuquerque, New Mexico                                                           2006 - present

As Chief Financial Officer currently oversees the company’s capital relationships.  Additionally, through a subsidiary, Builder Acquisition Corp., successfully guided the company through its filing for its initial public equity offering with the SEC as a Special Purpose Acquisition Corp (“SPAC”).  Its registration statement was accepted and approved by the SEC.  Company withdrew registration statement a result of the deteriorating market.

 

As the San Antonio Division President developed strategies resulting in a doubling of the company’s market share during the last three years turning the company from a significant loss in 2007 to three years of profitability.  Operational improvements include a 30% decrease in cycle time and significant improvement in overall quality and customer service.  Oversaw the development of two new product lines.  Added six new communities over the last twelve months.  Multiple Summit Awards, including Best Design 2009 and 2010.

Chief Operating Officer

Mandrin Homes Ltd.                                                                   

Annapolis, Maryland                                                                    2005 to 2006

Responsible for all operations including land acquisition, land development, construction, sales and marketing for Maryland based home-builder and developer with operations in Maryland, Delaware, South Carolina and Florida.  Established company’s business model based on acquiring raw unentitled land on an option basis or finished lots on a rolling option basis in order to maximize ROIC.  Revamped company’s customer experience program focusing on maintaining active and positive communication with buyer from sale through warranty period.  Worked to upgrade company’s website and web optimization strategies.

Chief Financial Officer

First Homebuilders of Florida                                                     

Cape Coral, Florida                                                                       2004 to 2005

Orchestrated the sale of First Home Builders of Florida to K. Hovnanian in August 2005 for possible total consideration of approximately $350 million.  Negotiated and closed bank credit facilities providing $170 million of revolving credit.  Negotiated $100 million syndicated secured credit facility led by Bank of America (2004), mezzanine debt facility with Prudential Financial Inc. (2004), and structured-lot financing facility (2005).  Developed and implemented strategy to reduce company’s debt to equity from over 4 to 1 to just over 1 to 1.  Built talented and motivated team of professionals in accounting, finance, and human resource having recruited top talent nationally.  As one of three senior members of the executive management was actively involved in operations. Provided analysis and suggested change in pricing strategy responsible for dramatic increase in profitability (2004).  Integrated personnel, systems and procedures during rapid growth of vertical integrated construction subsidiary.   Company was recognized as the fastest growing homebuilder nationally in 2003 and 2004.

Chief Financial Officer

Longford Group                                                                          

Las Vegas, Nevada                                                                       2001 to 2004

The Longford Group is a real estate development company operating in three industry segments: home-building, commercial development and multi-family rental construction in Las Vegas, Nevada; Albuquerque, New Mexico; and Tulsa, Oklahoma.  As the Chief Financial Officer, developed and executed re-organization strategy reducing the company’s debt to equity from 8.8 to 1 to 2.5 to 1.  This substantial improvement to the company’s leverage provided the opportunity to significantly improve the terms of the company’s bank financing, including a nearly 20% reduction in interest expense utilizing long-term interest rate contracts, a significant reduction in personal guarantees and the ability to secure additional capital through an unsecured line of credit.

Chief Financial Officer

Global Learning Systems, Inc.                                                     

McLean, Virginia                                                                       1998 to 2001

Global Learning Systems is a business-to-business global Internet e-learning solutions provider offering web-centric IT and professional development training and education.  As the Chief Financial Officer, developed and implemented a financing strategy resulting in the closing of four rounds of financing including $1.1 million in first round funding from angel investors, second round financing totaling $18 million in senior debt, mezzanine debt and equity funding, third round financing in the amount of $35 million of redeemable preferred stock and $10 million of convertible preferred equity.  Proceeds have been used to fund five acquisitions, including one with global operations headquartered in the Netherlands.  Additional acquisition activities have been undertaken for companies headquartered in Spain, Germany and the United Kingdom. 

Chief Financial Officer

The Fortress Group                                                                       (NASDAQ: FRTG)

McLean, Virginia                                                                       1995 to 1998

The Fortress Group, Inc. is the result of a simultaneous merger of four privately held home-building companies and the combined initial public offering of equity and debt in May 1996.  The combined offerings raised over $130 million.  As a founding partner, was actively involved in the creation and implementation of the consolidation strategy.  Shepherded the first ever merger and simultaneous equity and senior debt offering through investment bank underwriting and SEC review.  Negotiated terms of acquisitions with candidate companies and the public offering terms with investment bankers.  Developed overall strategy for systems integration as a result of the merger.  Since May 1996 actively participated in the acquisition of nine additional companies including the development of the overall acquisition strategy and due diligence programs. Successfully completed consent solicitation of senior note holders in May 1997.  Developed overall financing strategy including negotiations with commercial banks providing over $360 million of commitments. 

Executive Vice President

Miles Homes, Inc.                                                                         (NASDAQ: MIHO)

Minneapolis, Minnesota                                                           1993 to 1995

As Executive Vice President of Miles Homes Inc., had full responsibility for operations of Miles Homes Services Inc. ($50 million annual revenue) and Patwil Homes Inc. ($80 million annual revenue). 

NVR INC. (NYSE: NVR)
Senior Vice President of Finance

H.R. Remington Properties L.P., a subsidiary of NVR Inc.

San Juan Capistrano, California                                              1989 to 1991

Handled all responsibilities of Chief Financial Officer for residential homebuilder with annual sales in excess of $70 million.  Arranged and negotiated nearly a quarter of a billion dollars in real estate loans with regional and international banks.  Developed relationships with domestic and overseas equity investors who invested nearly $20 million into real estate partnerships. 

Corporate Controller                                       

NVR Inc.

McLean, Virginia                                                                       1985 to 1988

Northern Virginia Divisional Controller

Pulte Home

McLean, Virginia                                                                       1981 to 1985

CHARITABLE AND SERVICE ORGANIZATIONS

President – The Pirrello Foundation, Fort Myers, Florida; a charitable foundation established by Jamie & Debra Pirrello in 2005 in support of youth academics and athletics nationally

Juniata College, Huntingdon, Pennsylvania; serves as a member of the Board of Trustees; is a member of the Executive Committee and chairs the Audit Committee

American Cancer Society of Lee County – Advisory Committee 2007 Cattle Baron’s Ball

American Heart Association – Volunteer Lee County Heart Ball

Reston Youth Baseball – Coach 1995 - 2001

Chantilly Youth Football – Coach 1998 - 2000

EDUCATIONAL BACKGROUND

The George Washington University, Washington, D.C.   Pursuing Doctorate of Education, EdD, in Executive Leadership and Organizational Learning, current Grade Point Average 4.0

Columbia Graduate School of Business, Columbia University, New York, N.Y., Masters of Business Administration, 2005, graduated with Honors, Grade Point Average 3.8, Dean’s List

Nominated and member of Beta Gamma Sigma (Joint program with the University of California, Berkeley)

Haas School of Business, University of California, Berkeley, Berkeley, CA.  Masters of Business Administration, 2004, graduated with Honors, Grade Point Average 3.8 (Joint program with Columbia University)

Juniata College, Huntingdon, PA., 1981 Bachelor of Science in Accounting.