WORTH CAPITAL MANAGEMENT

Worth Investment Group follows a very unique approach to acquiring and building companies. Worth acquires 100% ownership in middle market companies with strong management teams and recurring annual cash flow in excess of $1 million. Under Worth’s ownership, our subsidiary companies are given the capital, resources and strategic guidance to grow. We hold our companies long term and focus on calculated, timely growth. Given our commitment to a buy and build strategy, coupled with owning a 100% interest, we have the luxury of time, capital and patience to support long-term growth objectives of our subsidiaries.

The Worth Investment Group Management team has decades of experience building shareholder value in middle market companies. Worth’s focus on detailed financial and operational analysis allows us to move responsively to capture high yields, while minimizing downside risks associated with higher rates of return. The professionals who comprise Worth Investment Group have completed over $1.5 Billion in transactions since 1996, and bring a diverse set of skills and backgrounds that allow Worth Investment Group to benefit from a unique business and operational plan that emphasizes underwriting, due diligence and responsiveness.

Worth Capital Management

MEET THE TEAM

Corporate Leadership & Financial & Business Administration

Eric Boorom, CEO - Worth Investment Group, LLC, Managing Partner - Worth Capital, LLC

Eric Boorom, CEO - Worth Investment Group, LLC, Managing Partner - Worth Capital, LLC

Eric Boorom Bio

Eric Boorom has held positions at The Shane Group, a $100 million annual revenue holding company based in Hillsdale, Michigan, where Mr. Boorom’s responsibilities were focused on development of subsidiaries and the capital market advisory firm. Mr. Boorom has also worked as a team member in the special assignments group at The Bank of Tokyo-Mitsubishi, the second largest bank in the world, and as a credit analyst at ABN-AMRO/LaSalle National Bank, one of the world’s largest banks headquartered in Chicago, Illinois. Mr. Boorom’s responsibilities at both the Bank of Tokyo-Mitsubishi and ABN-AMBRO/LaSalle National Bank included debt recapitalization, operational reengineering, turnaround financing, workout and bankruptcy transactions, real estate financing, enterprise value transactions (cash-flow based financing), mergers, acquisitions, cross-border financing and the issuance/ procurement of subordinated debt, bonds and equity. Mr. Boorom also founded Worth Capital, LLC.

In addition to the experiences outlined above, Mr. Boorom has provided financial advisory services in bankruptcy transactions including Chapter 11 and Chapter 7 cases. His efforts have concentrated on leading negotiations with numerous senior-secured and unsecured creditors, focused on negotiated settlements in conjunction with recapitalization efforts. Mr. Boorom has transactional experience with the following companies: S.C. Johnson & Son, Inc., Northwest Airlines, NIBCO, Inc., Cummins Engine Company, FCR Inc., Racing Champions, Credit Acceptance Corporation and other numerous middle-market privately held companies.

In addition, Mr. Boorom has provided expert testimony on business valuations and marketability in U.S. Bankruptcy Court. Mr. Boorom is an active member of the Turnaround Management Association (TMA), Association for Investment Management and Research (AIMR), Association of Certified Turnaround Professionals (ACTP), INSOL International and the Seaplanes Pilot Association. Additionally, Mr. Boorom holds a private pilot’s certification for land and sea.

Mr. Boorom earned his Bachelor of Science degree in Finance from the Eli Broad School of Business at Michigan State University. Mr. Boorom is also a graduate of ABN AMRO North American Credit Training Program and has completed additional studies in accounting, international economics, financial engineering, law and strategic management.

Kyle O’Malley, Advisory Board Member

Kyle O’Malley, Advisory Board Member

Kyle T. O'Malley Bio

Kyle T. O’Malley is a Certified Insurance Counselor and Senior Consultant for Daly Merritt, Inc. a regional risk management firm headquartered in Wyandotte, Michigan. Prior to his current position with Daly Merritt, Mr. O’Malley was a Large Account Practice Team Leader and Vice President Client Executive for The Hylant Group, the nation’s 7th largest privately held insurance brokerage firm. Since 2005, Mr. O'Malley has been responsible for handling risk management services for numerous business types across the county and abroad. Mr. O'Malley began his professional business career in 1988 as a front line supervisor at JM Schneiders Inc., Canada's largest processed meat operation. In 1990, he moved to distribution and logistics management with Coca-Cola Canada. In 1992 he began work for Deloitte and Touche Canada as a public auditor and in 1994 he accepted a position with Penske Corporation and later immigrated to the United States with Penske to work in numerous management roles within Detroit Diesel Corporation.

In 2002, Mr. O'Malley left Penske Corp. and accepted a position as Vice President of Business Development with The Shane Group, a $100 million annual revenue holding company (and now one of the Company’s Portfolio Companies) based in Hillsdale Michigan, where he helped guide and build a subsidiary private equity and capital markets advisory firm. Mr. O'Malley currently provides consulting services to the Manager and to the Company, which is expected to evolve into a full-time position by the end of 2013.

Mr. O'Malley holds a graduate degree in Business & Finance and undergraduate degree in Economics, both from Wilfrid Laurier University in Waterloo, Ontario, Canada. Mr. O'Malley is married and lives with his wife and four children in Ann Arbor, Michigan.

Bill Donahue, Advisory Board Member

Bill Donahue, Advisory Board Member

Bill Donahue Bio
Mr. Donahue is currently the President of O&P Designs, Inc., located in Dallas, Texas. In addition, Mr. Donahue is also a Partner in Boorom Industrial Properties, LLC, an equipment leasing company based in Jackson, Michigan. Mr. Donahue was previously the President and Founder of Biomedical Horizon Inc., a management, sales and marketing consulting firm that was sold in 2001 to Goldstein and Partners based in Phoenix, Arizona; President and Founder of Century XXII Innovations Inc., a manufacturer of proprietary prosthetic systems which was sold in 2000 to Ossur hf.Reykjavik, Iceland; President of Dynamic Orthopedic Inc., a patient care rehab practice focused on orthotic and prosthetic care that was sold in 1999 to Rehab Designs of America Inc. based in Louisville, Kentucky; and President of Camp International Inc., a market leader and manufacturer of orthopedic, compression therapy and post-mastectomy products that was sold in 1989 to Bissell Inc. based in Grand Rapids, Michigan. Mr. Donahue became a Board member of the Savannah Music Festival in May 2009. In addition, Mr. Donahue serves as an Advisory Committee member for Worth Investment Group, LLC. He is also a member of the Board of Directors of Memorial University Hospital Center, where he is the Treasurer and Chairman of the Finance Committee and President of The Ford Plantation. Mr. Donahue’s academic credentials include a Bachelors Degree from Texas Tech University.
Rolf Berg, Advisory Board Member

Rolf Berg, Advisory Board Member

Rolf Berg Bio

Mr. Berg founded Infinitive, Inc, a manufacturing “job shop,” in 1979. During the mid 1980's Mr. Berg took on multiple products for large diesel engines, and until 2009, Mr. Berg supported an original equipment manufacturer, or OEM, as well as a large after-market. Mr. Berg is currently a supplier to Class 1 railroads and short lines both in the United States and abroad.

Mr. Berg’s interests and passions include aviation, aeronautics, photography and SCUBA, and he holds multiple ratings for fixed-wing land, sea and helicopter. Mr. Berg has been married to Barb Berg for 27 years. The Bergs have two grown children and two black labs.

Jennifer Spooner, Corporate Controller

Jennifer Spooner, Corporate Controller

Jennifer Spooner Bio
Jennifer joined Worth in August of 2016 as Corporate Controller. She brings with her over 20 years of progressive Accounting and Financial experience in multiple industries including Manufacturing, Distribution and Retail. She is a Certified Management Accountant (CMA) and has been for 13 years. She is a University of Michigan Alum – BBA with an emphasis in Finance. Strengths include team motivation, cross functional leadership, problem solving, and process creation as well as the ability to manage multiple projects in a fast paced environment. Previous roles were Sr. Manager FP&A for Dawn Foods, Inc. a global leader in the baking industry. In that role she focused on budgeting, forecasting for multiple sales divisions and well as managing a team of professionals. In her 10 years at Dawn Foods she also held the role of Sr Commercial Financial Analyst, and Financial Analyst III. Prior to Dawn she held the role of Director of Accounting for a Food Brokerage and Retail store owner with 14 stores in the Michigan, Ohio and Indiana area called Alliance Foods, Inc. Here she was instrumental in moving the company’s ERP platform, and changing the forecasting and budgeting model.
Liz Dillay, Executive Assistant

Liz Dillay, Executive Assistant

Liz Dillay Bio
Liz Dillay came to Worth Investment group after working for more than a decade in the retail banking industry. Ms. Dillay spent over a decade with Citizens Bank as a customer service supervisor. Her time at Citizens has served her well at Worth Investment Group because of her unique understanding of the financial sector as a whole. Liz brings a wealth of knowledge of software applications and managerial obligations to Worth. Ms. Dillay’s experience in retail banking makes her invaluable to Worth’s operation because of her ability to manage large quantities of information with ease and accuracy. Liz is on the frontlines of investor relations on a daily basis with her responsibilities of insuring that all quarterly documents are delivered in a timely manner.

Subsidiary Leadership

Biological Mediation Systems

Glenn Rachak, President

Glenn Rachak, President

Glenn Rachak Bio

Glenn Rachak has been employed with BMS since 1993. He began his career in the production facility assembling waste treatment systems and framing buildings. In the late 1990's Glenn was trained in solar system sizing and installations, later he would become production manager, then vice president. Eventually he was promoted to president and has been in that position for eight years. Along with the day to day operations, Glenn is still very involved with the development and design of the unique restrooms and buildings that BMS produces.

American Copper & Brass and Curtis

Jim Hilfinger, CEO

Jim Hilfinger, CEO

Jim Hilfinger, CEO Bio
Prior to joining The Worth Investment Group, Hilfinger served in many sales leadership positions within the HVAC/R and plumbing industries. As VP of Sales for NIBCO, Elkhart, IN, Jim managed a large outside sales organization, national and big box accounts, and developed their new HVAC/R Division. More recently, Jim gained non-manufacturing experience with a large plumbing wholesale distributor in Southern California. Through his combined experience working for a manufacturer then a wholesale distributor, Jim has acquired the necessary perspective and experience to further the objectives of Curtis Marketing, LLC. Eric Boorom, CEO, Worth Investment Group comments, “We believe Jim is the right person to lead Curtis Marketing into the next phase of their growth. With his combination of experience, he is a crucial asset as we develop and execute a sustainable business plan for continued success.” Jim began his professional career with Robinair and TIF Instruments in 1984, serving in various positons which included aspects of Refrigeration, A/C, Automotive, and Appliance Businesses. His career progressed through a variety of assignments with increased responsibility, including sales, sales management, marketing, product development, training and customer service. While at NIBCO, his leadership responsibilities included National Accounts, Regional Director, VP of Retail Sales and VP of NIBCO’s Wholesale Sales. Jim earned his BBA, with a concentration in Marketing and Sales Management, from Bowling Green State University, Bowling Green, OH. He has also completed Sales Leadership training courses at the University of Michigan; Ross School of Business, with additional training in negotiations, performance management, lean manufacturing and product marketing management. Jim currently resides in Elkhart, IN.

Energy Systems

Qualite Sports Lighting