I am a twenty-plus year industry professional specializing in residential / commercial / industrial contracting & service companies,Construction Executive Online is a career management center for construction executives."> Michael OMara


Name : Michael OMara
Industry Type : Specialty Contractors
City & State : Tampa, Fl
Job Title CFO
Relocation Preferences : Nationwide
Objective : My experience is as both a seasoned CFO and CEO/President.

My experience is as both a seasoned CFO and CEO/President. I am a very energetic, hands-on motivating leader. I can serve either as a CFO, bringing operational expertise and strategic knowledge throughout the organization, not just reporting the numbers, or I can be an experienced company leader as a VP, President or similar who possesses a very strong command for numbers not often found in this role at many construction companies. My introduction to the industry was at FMI, Management Consultants, and so I have a wide range on knowledge and understand how to bring change to an organization if it needs it. I am also available for project-oriented opportunities.

My introduction to the industry was with my first job at FMI, Management Consultants, and so I have a wide range on knowledge and understand how to bring change to an organization if it needs it. I am also available for project oriented opportunities.
Resume :  
BACKGROUND

I am a twenty-plus year industry professional specializing in residential / commercial / industrial contracting & service companies.



Experience highlights include:

•     Construction CFO for the last thirteen years. Expertise in all managing all areas of accounting, relationships with CPA firm, banks and sureties, expert level budgeting, pricing, departmental financial management and of course in excel, accounting, job cost and service systems.

•     CEO/President of a mechanical contractor and a mechanical/electrical/plumbing & fire protection contractor, both with over 200 employees.

•     Top to bottom financial management expertise; expert level in budgeting, pricing, cost allocation, and report development utilizing a “roll up your sleeves” approach.

•     Strong IT background with excellent understanding of job cost, service, CRM and accounting systems and expertise in data collection and report design. My understanding is both conceptual and technical, although not at a programing level.

•     Experience with turnaround situations both as management and as a consultant.

•     Experience with growth through acquisition strategies; as corporate management I was involved in operational due diligence of acquisition candidates, integration planning and implementation, and development of best-practice sharing programs across platforms and add-on acquisitions.

•     Strong, positive, energetic, upbeat, consensus building leadership style.



 

SENIOR MANAGEMENT POSITIONS

 

Meridian Energy Group, LLC., Houston, TX  / Meridian Energy Solutions S DE RL DE CV, Mexico City, MX., November 2012 – Covid   www.meridianenergygroup.com

 

Meridian Energy Group and Meridian Energy Solutions, S DE RL DE CV, are energy solutions companies (ESCOs) with energy reduction programs that bring real energy savings to businesses through sound engineering and proven conservation measures. Meridian’s core strengths are in addressing Lighting, HVAC, Refrigeration and Controls.

  • Joined right after startup to help former business partner/founder with organization and strategic direction. Founder passed away in June 2019.

  • Developed marketing and business development plans, researched and negotiated with funders for our Energy Services Agreement program. Manage relationships with various energy efficiency funding sources.

  • Manage accounting and financial systems.

  • Projects in Mexico all put on hold with Covid epidemic.


 

Gemstone, LLC, CFO, Key West, FL (Houston-based) 2007 – Present www.gemstonellc.com

 

I serve as CFO of this national bridge structural steel coatings, lead abatement and infrastructure contractor. Gemstone is a DOT contractor and one of only 130 QP1 and QP2 certified contractors in the world. We are licensed to do business in 25 states and own a trucking fleet that transports our equipment throughout the eastern US.

The founder/owner has been a bridge painting contractor for over 35 years. I have worked as a consultant to them since the early 90’s through some very financially difficult times. In 2007, I developed a long-term plan to grow the company and then joined the firm as their CFO.

  • Implemented enhancements to accounting systems, implemented new accounting and cash controls, hired top construction CPA firm in South Florida to audit the financials and acquired the company’s first surety line.

  • Implemented job controls and processes that led to 90% of our jobs achieving at gross margins of 30% plus, which is excellent for the industry.

  • Manage all surety, banking, and accounting firm relationships, as well as some of the legal relationships.

  • Developed strategy to be pre-qualified to work in over 25 eastern US states for diversification and we now have completed projects in 15 states.


 

Quanta Services, VP of Operations,  Houston, TX  2004 to 2007 www.quantaservices.com

 

Quanta Services, Inc. (NYSE:PWR), a specialty contracting services provider, that offered various solutions to the electric power, gas, telecommunications, cable television, and specialty services industries. Quanta owned and operated construction companies with revenues well in excess of $3.9 billion at the time.

  • Hired to work with their telecom/utility subsidiaries to streamline operations and improve profitability. I worked primarily with four California subsidiaries on strategy and planning, accounting, information systems, field productivity, marketing, and organization development. Total P&L responsibility of $140MM.

  • Instrumental in turnaround of very unprofitable SoCal subsidiary, consulting and putting new President/CFO team in place that took subsidiary from $28M and Operating Income loss of 8.2% (YE2004) to $70M and 14% Operating Income (YE2007).

  • Worked with McKinsey & Company on the implementation of the Telecom Productivity Improvement Program (LEAP).


 

Bolton Corp, Interim CEO/President, March 2002 to May 2004, Raleigh, NC

 

Bolton Corp., was a turnkey provider of commercial mechanical, electrical, plumbing, and fire protection contracting & maintenance services, and residential HVAC replacement and service, as well as plumbing and electrical services. Annual sales were over $25 million dollars.

 

The company had suffered significant losses since 1998 and two management turnovers as a result of a five-year family legal dispute, involving the three owner/brothers. I was hired by a board of advisors to stabilize and rebuild the company until the settlement of the lawsuit. In December of 2003, against my and two of the brother’s recommendations, the court decided to divide the company up among the brothers by location. A family member stepped back in to the Raleigh branch after the settlement of the lawsuits, and the company was split up and sold.


  • Developed and implemented two long-term strategic plans for the company and re-structured the organization to proactively address market opportunities.  A second plan was required when 35% of the company revenue was spun out as a result of a court-ordered settlement.

  • Recruited and hired new top management team in the first twelve months, many relocating from out of state. These team members were typically from much larger companies, had years of senior management experience and many had advanced degrees.

  • Implemented a growth strategy took that increased annualized revenues by 15% for FY 2003 and implemented overhead reductions of over $1,200,000 as part of the final phase of the restructuring.

  • Provided direction and oversaw all administrative areas of the company, including accounting, human resources, information systems, and marketing and to regularly evaluate the results and performance all departments, and make adjustments as necessary.


  

JSC Corp., President/Equity Owner, 200+ employee mechanical contractor based in Connecticut 1995-1997



Became equity partner when the company, a former client, had their succession plan dissolved and three key employees left the company.  Guided the company and sold to a public utility in 1997.

  • Developed and implemented a long-term strategic plan for the company, growing revenue by 10% in a down economy, and taking the company to profitability for the first time in five years. 

  • Developed individual budgets, P&L’s and strategies for all divisions to be able to properly evaluate them. Divisions were commercial mechanical, plumbing and sheet metal construction and service, residential HVAC retrofit and residential HVAC and plumbing service.

  • Restructured the organization to proactively address market opportunities by creating a more flexible organization structure.

  • Provided direction and oversaw many administrative areas, including accounting, human resources, information systems, marketing, and organization development.

  • Guided the sale of the company to a regional public utility.


 

Omega Environmental, Inc., a $200 million-dollar environmental services contractor in Bothell (Metro Seattle), WA.  1991-1995

 

Started working for Omega in 1991 as an FMI consultant and joined Omega as a full-time employee in 1992. Had three positions described below during my tenure from 1992 to 1995 with this environmental contracting consolidator. Left when I purchased into JSC.

 

Omega Services, President, 100+ employee subsidiary in Seattle, WA


  • Hired for a multi-year project to make the company profitable and build a team to continue our strategy. When hired, the subsidiary was 15th out 16 companies in profitability. When I left, we were 5th, and were 2nd within six months of my departure.

  • Developed plan for the profitable growth. The company had lost $2,500,000 in the previous four years, $900,000 in the previous 12 months.  Turned a $190,000 profit in seven months, by expanding customer base and growing, rather than downsizing.


 

Omega Corporate Staff, Seattle, WA


  • Provided guidance and direction on issues such as company integration, acquisition targets and strategies, and operational best practices.


National Accounts Program-Operations Manager, Seattle, WA

 



CONSULTING ORIENTED POSITIONS

 

Delta Construction Partners, St. Petersburg, Fl & Houston, TX 2007-2011


  • Serving clients needs with short-term and long-term client engagements, including taking short duration active roles within companies.

  • Current projects include developing succession plan for retiring CEO, representing ENR Specialty Contractor’s Top 25 contractor in their sale, developing senior management incentive/profit-sharing plan, and business development project for growing company.


 

Acquisitions Management Group (Mergers & Acquisitions firm), Managing Partner, Serving clients 1998-2002, Houston, TX


  • Founded this firm, after selling my construction company, to consult with other construction company owners that were considering selling their companies to the industry consolidators.  From 1998 to 2002 had up to seven fulltime professional valuing over 200 companies, representing over 40 companies, and selling over 15 companies.

  • Maintain relationships with industry buyers, private equity and venture capital groups, to be able to identify who offer the best financial and strategic opportunities for each client.

  • Oversee the preparation of the Business Review, negotiate on behalf of, and counsel the client on the price, terms and conditions of the acquisition, facilitate the process of due diligence, and manage the process through closing.


 

FMI Management Consultants, Senior Consultant, Tampa, Florida

 

PRIMARY DUTIES & RESPONSIBILITIES

  • Provided consulting services to ENR Specialty 600 and mid-size construction and service companies to successfully reengineer and help focus them toward goals that significantly impact their company. The objective was to develop dynamic plans of action that are clearly defined, properly implemented and meet the goals and objectives.



EDUCATION



  • Master of Science, Business Administration, University of South Florida, Tampa, Florida

  • Bachelor of Science, Business Administration, University of Louisville, Louisville, Kentucky


Personal Website Link Visit Personal Website





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