New Phase Advisory Services

New Phase Advisory Services is pleased to announce the opening of its new office in the Dallas – Fort Worth area!

Gary Varney — Sat, 02 Feb 2019 00:00:05 +0000

New Phase Advisory Services is pleased to announce the opening of its new office in the Dallas – Fort Worth area! The new location will allow New Phase to support its clients in the central United States with the same high level of service enjoyed by its existing client base on the East Coast. The DFW office will be managed by Geoff Warrell who has been a Partner with New Phase since 2014. Both of the New Phase locations will provide the same offering of consulting services:

Outsourced CFO & COO
Cashflow Plans and Budgets
Financial Control and Process Improvement
Bookkeeping Services, Accounting, Financial Reporting, Board Reporting
Transaction Advisory Services, Post-Closing Integration
Preparation for Sale of Business
Capital Formation, Lender Management
Long-term Forecasts
Private Equity and Family Business Experience

New Phase is most often retained by:

Owners and management teams of small to mid-size businesses who are:

Experiencing a transition period or gap in financial or operational leadership
Experiencing a heavy work load in their finance group due to special projects or year-end pressures
Newly acquired portfolio companies facing the operational, financial and compliance transition to private equity ownership
Preparing for a liquidity event (sale of business; bringing on PE partner)
Thinking about recapitalizing their businesses
Preparing for a debt refinancing
Experiencing challenges with cash flow and profitability
Family managed businesses

Private Equity/Mezzanine Debt Firms needing:

Pre-acquisition due diligence
Post-transaction integration planning and implementation
Turn-around and restructuring of distressed or under-performing investments
Interim CFO/COOs

Geoff Warrell can be reached in DFW at 610-716-1426 or Geoff@NewPhaseCFO.com should you or someone you know like to learn more about New Phase Advisory Services. Managing Partner, Gary Varney, can also be reached in Philadelphia
at 610-513-6053 or Gary@NewPhaseCFO.com

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New Phase Advisory Services partners with American Enterprise Funding Group to close a $10 million refinancing package for Cardile Mushroom Farm

Gary Varney — Sun, 08 Jul 2018 22:46:36 +0000

New Phase Advisory Services (“New Phase”) partnered with American Enterprise Funding Group (“AEF”) to source, prepare, coordinate lending participants, and close a $10 million financing package for the Cardile Mushroom Farm (“Cardile”). Community Federal Savings Bank based in New York and the USDA Rural Development in Pennsylvania have provided the lead for this funding. The proceeds will pay down existing secured debt and provide capital for infrastructure improvements.

New Phase has provided outsourced CFO and turn-around advisory services for nearly a year to assist in getting Cardile positioned to complete the refinancing.

New Phase’s Gary Varney, CPA will continue to be involved as the outsourced CFO and Chief Restructuring Officer to assist the Company in preparing for a second round of financing in the spring of 2019 for approximately $8 million. New Phase’s Joe Julian will become the Cardile’s Controller managing the accounting operation.

AEF is a broad-based financial services firm specializing in capital acquisition. With over 65 years in commercial lending experience, AEF focuses on entrepreneurial needs while working with traditional and non-traditional lenders throughout the United States to provide clients with the most favorable terms.

Cardile is a vertically integrated mushroom production and processing facility located in Avondale, Pennsylvania. This family business was founded in 1975, and today, Cardile is growing out of 63 mushroom growing houses with an employee base of 200. Throughout the company’s history, the major buyers of Cardile mushrooms have included: Costco, Walmart, Sysco, the Philadelphia Market and many smaller less known restaurants and resellers.

“I’m looking forward to continuing work with the Cardile family as we return the company to a healthy and viable operation,” said Varney.
Charles Cardile, Jr., president of Cardile, said “We thank both Gary and Joe for their professional approach in helping us navigate through the most difficult time in our organization’s history and we look forward to getting back to doing what we do best—growing great mushrooms.”
About New Phase Advisory Services

New Phase Advisory Services provides C-level advisory services to small and middle market companies. Whatever your company’s positioning may be, we offer a range of expertise to help you elevate your business. Services include outsourced CFO and COO consulting, profit and organizational performance improvement consulting, cash flow planning and forecasting, turn-around and restructuring consulting, debt refinancing, M&A acquisition due diligence and post-closing integration planning and implementation through our team of experienced financial professionals.

For information about our firm please visit www.NewPhaseAdvisors.com or contact our Managing Partner, Gary C. Varney, CPA, CMA by phone at 610-513-6053 or by email at Gary@NewPhaseCFO.com.

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New Phase Advisory Services Partners with Mario Rivello and Lever Management Group to Provide Outsourced COO Consulting

Gary Varney — Thu, 12 Apr 2018 20:57:15 +0000

New Phase Advisory Services today announces its partnership with Mario Rivello and Lever Management Group, expanding its service offerings to include operations consulting, performance improvement services, and Outsourced Chief Operation Officer (COO) consulting.

The integration of the two firms’ expertise creates a “dream team” alliance in the consultancy space. With the partnership, New Phase Advisory adds not only outsourced COO services but also deep operational expertise to its offerings for startup, middle-market, and
Fortune 100 companies.

Rivello has nearly 20 years of experience in senior operational and engineering management roles spanning the manufacturing, construction and technology sectors. He has worked directly with company shareholders and executive management in an operational capacity to improve, restructure, and expand numerous businesses and has counseled companies on matters related to capital structure, marketing, product development, and exit strategy.

Rivello’s team at Lever Management Group also brings to New Phase Advisory operational experience in many verticals and especially in the areas of manufacturing, high-tech, defense, aerospace and government relations.

Rivello and Lever’s formidable operations expertise is a strategic addition to New Phase’s arsenal, which already includes outsourced CFO consulting, profit and organizational performance improvement consulting, cash flow planning and forecasting, turn-around and restructuring consulting, debt refinancing, M&A acquisition due diligence and post-closing integration planning and implementation.

“The partnership with Mario and his team of professionals at Lever will round out our service offerings and allow us to better serve our middle market client base,” said New Phase Advisory’s managing partner, Gary Varney. Rivello agreed, stating “By combining the competencies and skill sets of Gary and New Phase with Mario and Lever, we are collectively better equipped to service the needs of clients in an all-encompassing manner.”

For more information, please contact New Phase Advisory Services Managing Partner, Gary Varney, at 610.513.6053 or Gary@NewPhaseCFO.com, or Lever Management Group managing partner, Mario Rivello at 856.889.3822 or Mario@LeverMG.com.

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Advised Key Equipment Sales & Rental on its Sale to Able Equipment Rental, Inc.

Gary Varney — Mon, 01 Jan 2018 23:56:59 +0000

New Phase Advisory Services is pleased to announce that we served as financial advisor to Key Equipment Sales & Rental, Inc. (“Key” or “the Company”) on its sale to Able Equipment Rental, Inc. (“ABLE”) New Phase Advisory Services worked with the Company for nearly a year preparing for the transaction. During this time, we managed a competitive sell-side M&A process and assisted in negotiating the terms of the transaction.

Key Equipment Sales & Rental, Inc
Headquartered in Honey Brook, Pennsylvania, Key Equipment Sales & Rentals, Inc. is an equipment rental and sales company specializing in access
and material handling equipment for the commercial and industrial market in the Greater Philadelphia Metro area. Since Key’s beginning in 2008, as a landscape rental center, the company grew into a regionally recognized supplier for many leading commercial and industrial contractors in the Susquehanna and Delaware River basins. Key provides aerial work platforms, forklifts and compact cranes to its diverse clientele and is well-respected in the industry. The Company will continue to provide superior service and an upgraded fleet of rental equipment as ABLE’s fourth location in the Northeast.

About Able Equipment Rental, Inc.
Founded in 1996, ABLE, based in Deer Park, NY, serves the New York, New Jersey, Pennsylvania and Delaware markets providing equipment rentals, sales, service, and parts, as well as applications for critical infrastructure maintenance and support, contingency planning, and disaster recovery. ABLE also offers a fleet of service vehicles providing emergency service and repairs to customer owned fleets. ABLE’s team of experts are available for consultation and equipment recommendations for any type of commercial or industrial project.

For more information on ABLE Equipment Rental, visit www.ableequipment.com.

About New Phase Advisory Services
New Phase Advisory Services provides C-level advisory services to small and middle market companies. Whatever your company’s positioning may be, we offer a range of expertise to help you elevate your business. Services include outsourced CFO and COO consulting, profit and organizational performance improvement consulting, cash flow planning and forecasting, turn-around and restructuring consulting, debt refinancing, M&A acquisition due diligence and post-closing integration planning and implementation through our team of experienced financial professionals.

For more information about our firm please visit www.NewPhaseAdvisors.com or contact our Managing Partner, Gary C. Varney, CPA, CMA by phone at 610-513-6053 or by email at Gary@NewPhaseCFO.com.

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February 23, 2014: Campus Crest Communities, Inc. Nominates James McCaughan to Board of Directors

Gary Varney — Fri, 28 Mar 2014 19:08:44 +0000

The Campus Crest Communities, Inc. Nominating and Corporate Governance Committee (the “Governance Committee”) of the Board has recommended to the Board that James W. McCaughan be nominated for election to the Board at the Annual Meeting. Mr. McCaughan currently is a partner at New Phase Advisory Services, an advisory firm providing C-level advisory services to small and middle market companies. Prior to joining New Phase Advisory Services, from January 2008 to July 2013, Mr. McCaughan served as a senior vice president and chief financial officer of the United States operations of De Lage Landen Financial Services, a wholly owned subsidiary of Rabobank. Mr. McCaughan holds a Bachelor of Science in business administration from Villanova and a Master of Business Administration from St. Joseph’s University. The Board accepted the Governance Committee’s recommendation and plans to nominate Mr. McCaughan for election to the Board at the Annual Meeting with a term that will expire at the Company’s 2015 Annual Meeting of Stockholders and until his successor is duly elected and qualified. Based on its review of the relationships between Mr. McCaughan and the Company, the Board has affirmatively determined that, if elected, Mr. McCaughan would qualify as an independent director under the New York Stock Exchange listing standards and under applicable rules of the Securities and Exchange Commission. In addition, the Board has determined that, if elected, Mr. McCaughan would qualify as an “audit committee financial expert” as that term is defined in the applicable rules of the Securities and Exchange Commission.

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