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.
MEET THE TEAM
Corporate Leadership & Financial & Business Administration
Eric Boorom, CEO - Worth Investment Group, LLC, Managing Partner - Worth Capital, LLC
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 T. O’Malley is a Certified Insurance Counselor, a Certified Authority On Workers Compensation, and is President and Minority Owner of the Walton Insurance Group, a Jackson, Michigan based Risk Management and Insurance Firm helping people, families, and companies prevail through the unexpected. Walton is one of the most trusted names in insurance and with 60 plus employees, they are amongst the Top 20 privately held firms in Michigan.
Prior to his leadership role at Walton, from 2011-2017 Mr. O’Malley was a Senior Risk Management Consultant and Office Leader for Daly Merritt, Inc. a regional risk management firm headquartered in Wyandotte, Michigan which was sold to AssuredPartners in 2016. Prior to 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 Touché 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 accepted a position as Vice President of Business Development with The Shane Group, Inc., 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 Managing Member and to the Company, where he also provided full-time COO duties from 2013 thru 2017, and is now acting as an Advisory Board Member to the Company.
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
Rolf Berg, Advisory Board Member
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.
Kraig Goodwin, IT Specialist
Kraig joined Worth Holdings in March 2019 as the IT Specialist. He has over 20 years of IT experience in various industries, including Education and Biomedical Research. Kraig worked as an IT Analyst at Charles River Labs in Mattawan, Michigan prior to joining Worth Holdings. He holds a Bachelor’s of Science degree in Database Management from Davenport University and a Lean Six Sigma Yellow Belt.
Marci Ramirez, Human Resources Director
Marci joined Worth Holdings in 2012 with more than 18 years of human resource, sales, payroll and leadership experience. Marci manages each subsidiary’s human resources department by assisting in the planning and forecasting of future hiring and recruiting needs, employee benefits, managing special projects and events and overseeing employee relations.
Prior to joining Worth Holdings, Marci was an Executive Director for a career college in Jackson Michigan as well as Director of Human Resources for a large manufacturing company in the Detroit Area.
Liz Dillay, Executive Assistant
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.
Heather Jeffrey , Marketing/Sales Manager
Biological Mediation Systems
Veronica Wagner, Project Coordinator
Veronica Wagner has been an employee of BMS for 30 plus years. She started her career at BMS as the receptionist. In the late 1990’s early 2000’s she wanted to take a more active role within the company, so they promoted her to project coordinator. She has held that position for nineteen years. Along with day to day operations Veronica is very involved in the sales, improvement and design of the custom restrooms and buildings that BMS manufactures.
American Copper & Brass and Curtis
Jim Hilfinger, CEO
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.
Angela VanHook, Vice President
Qualite Sports Lighting
Corey Lines, National Sales Support Manager & Regional Sales Manager
Corey Lines graduated from Eastern Illinois University in 1998 with a B.S. in Industrial Technology with a concentration in Construction. In August 1998, Corey started his lengthy career as a lighting designer at Universal Sports Lighting where he was successful in lighting and designing prominent venues such as Chicago White Sox, lighting systems for University of North Dakota Hockey Arena, West Virginia University Basketball Arena, as well as dozens of minor league baseball stadiums. Not only being involved in the design of the lighting, Corey has been involved in the entire process from start to end (design, sales, installation, etc.).
Corey has been a member of the Illuminating Engineering Society of North America (IESNA) serving on the Sports Lighting Committee since 2003.
In April 2013, Corey joined Qualite Sports Lighting and is now the National Sales Support Manager and Regional Sales Manager working in Sales, Design and hands on installation.
Corey’s many years of experience provides a wealth of knowledge throughout every aspect of the Sports Lighting Industry.
Corey currently resides in Grand Rapids, MI with his wife and 3 kids. He loves spending time with family, enjoys being outdoors, and loves playing golf.
Mike Kiker, Sr. Vice President
Mike Kiker is currently the Senior Vice President for Sales and Construction Services for Qualite Sports Lighting, LLC.
With over 30 years’ in the outdoor sports and pole industry, and with the combined experience in sales management, construction and engineering Mike has excelled in industry-related positions which include National Product Manager, Regional Sales Manager and Technical Sales Representative to Senior Vice President. With this combined experience Mike has helped to shape Qualite’s vision of a total lighting solution from project development, design, sales, installation and long term service. This provides the end user a one point of contact solution.
Prior to being an employee for Qualite Mike acted as a dedicated Sales Representative and Electrical Contractor for Qualite Sports Lighting as a respected member of Qualite’s Indirect Sales Channel for over 15 years. After successfully representing Qualite in the Alabama market, Mike moved to Texas to develop the North Texas market for Qualite. Mike’s successful history resulted in him being recognized multiple years as a top sales performer by Qualite