President

North Park Group is a private family office investment group of business operators based in Chicago, IL. We focus on the acquisition of family-owned United States based manufacturing and distribution businesses with the strategy to hold and grow them. We believe in the fundamentals that make family-owned businesses great: People, Customer Service, Team Work, Continuous Improvement, and Long-term Value Creation. We have the flexibility and creativity to tailor our investment to meet the business characteristics and shareholder goals. With a focus on small and middle market businesses, we understand the challenges and opportunities facing niche businesses. North Park Group works closely with businesses to develop and execute strategic growth plans to create long-term value for shareholders and employees.

https://northparkgroup.com/

In May of 2022, North Park Group acquired Elec-Tron with the plans to increase investment in the business and significantly grow the operations. Investments will include new equipment and product line expansion to scale the business. The last 3 years have been very successful at Elec-Tron.

North Park Group is now looking to bring in a President to lead Elec-Tron to drive future growth and expansion.

Background on North Park Group

https://www.youtube.com/watch?v=fc-cKVnqc54

https://www.youtube.com/watch?v=_3DRPhTpJr0

https://www.axial.net/forum/ryan-sullivan-north-park-group-the-ultra-long-view-on-u-s-manufacturing/

Elec-Tron Background:

Elec-Tron of Wichita, Kansas has been proudly manufacturing power termination, electrical connectors, and wiring harness solutions in the USA since 1946. Founded as Zimco Metal Products in April 1946, the company operated primarily as a contract manufacturer, producing miscellaneous metal stampings and assemblies. In 1954, the company changed its focus to producing primarily electrical switches, wiring harnesses, and terminal boards. As Elec-Tron’s reputation for quality and timely delivery grew, the company began serving most major appliance manufacturers in the U.S. and abroad.

Elec-Tron is now a supplier to major Aerospace, Appliance, Automotive, Electrical Distribution, HVAC, and Military OEMs. Inhouse component and assembly manufacturing, drive the production and delivery of over 10,000,000 products annually to more than 300 unique customers. All components are UL and CSA recognized.

https://electron.northparkgroup.com/

Elec-Tron details:

Annual Revenue: ~$10 Million

EBITDA: 7%

Employees: ~80

Sales Region: 90% US and 10% international

Ownership: Stand-alone business with private ownership

We are therefore looking for a President who is strong on the commercial and sales side of operating a business but has experience running a manufacturing organization. The business is historically order takers without a sales force or marketing. To be successful, we need to generate new incremental revenue through product line expansion, increased capabilities, improved sales process and better customer relationships. We are looking for someone who has experience running a full business (sales through operations) with a heavy focus on commercial and people management. We want a person that NPG can build around and grow with over time. A company this size is a perfect place for a young, hard charging recent MBA graduate with previous work experience looking to truly operate a business.

·      Effective leadership of your teams to enable them to perform to the standards required by the business, setting clear performance objectives and measurements.

·      Develops, leads and implements the business strategies, annual budgets and forecasts in order to achieve the financial objectives of the business.

·      Brings new and innovative ideas to the business, looks for opportunities to expand the business, and creates goodwill in the marketplace.

·      Analyzes performance and ensures the identified recommendations are implemented in order to achieve forecasted profit targets.

·      Develops and implements a sales strategy and drives the sales team to make a strong impact on the North American market.

·      Develops and implements a set of business KPI's in line with the company's business strategy.

·      Undertakes regular communications and other activities with your teams to foster a culture of employee engagement at all levels of the business.

·      Responsible for exceptional customer service delivery at all levels.

·      Leads the sales team in negotiations of new customers and development of key accounts.

·      Leads the implementation of business improvements and other organizational initiatives and effectively manages resistance to change where it arises.

·      P&L understanding and management for the business

·      Pro-actively leads and promotes people development specifically in areas such as talent management, project management, commercial awareness, technical development and people management and leadership skills.

·      Ensures that the company meets all its legal requirements.

·      Ensures that the products produced and sold to customers are of high quality in accordance with the company's quality standards.

Qualifications:

Education and/or Experience: A Bachelor's degree in a relevant field, from an accredited university plus five (5) to ten (10) years of management experience of a similarly sized/type of manufacturing company, in a role with full P&L responsibility. We prefer someone with an MBA who has a strong background with market and business development.

Must have:

·      Strong leadership skills, communication skills, and interpersonal skills.

·      The ability to anticipate possible obstacles and propose favorable solutions.

·      The ability to problem solve and deal with people at multiple organizational levels both internal and external.

·      Strong business skills and experience in strategic planning, budgeting, and financial management.

Must be able to:

·      Foster and maintain a strong team working environment.

·      Set and manage multiple priorities.

·      Demonstrate experience and capacity to lead, manage, motivate, inspire, train and collaborate with staff.

·      Must be able to travel domestically and internationally.

 Competency Statement(s):

·      Change Management - Ability to encourage others to seek opportunities for different and innovative approaches to addressing problems and opportunities.

·      Coaching and Development - Ability to provide guidance and feedback to help others strengthen specific knowledge/skill areas.

·      Decision Making - Ability to make critical decisions while following company procedures.

·      Delegating Responsibility - Ability to allocate authority and/or task responsibility to appropriate people.

·      Energetic - Ability to work at a sustained pace and produce quality work.

·      Leadership - Ability to influence others to perform their jobs effectively and to be responsible for making decisions.

·      Risk Taker - Ability to take calculated risks or to stretch the limits of comfort zones.

·      Self-Confident - Comfortable in making decisions for oneself.

·      Communication, Oral - Ability to communicate effectively with others using the spoken word.

·      Management Skills - Ability to organize and direct oneself and effectively supervise others.

·      Business Acumen - Ability to grasp and understand business concepts and issues.

·      Detail Oriented - Ability to pay attention to the minute details of a project or task.