Stonehill Group, LLP
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Stonehill Group, LLP
 
Kenneth J. Severinson
Principal
kseverinson@stonehill-financial.com
(952) 224-7204 (ext. 105)
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Education and Certification

Bachelor of Science – Business Administration
University of North Dakota

Certified Public Accountant
(Inactive)

Service Lines:

CEO/CFO services

Crisis Management

Corporate Restructuring

Management Advisory

Due Diligence

Corporate Assessment

 
Kenneth J. Severinson

Ken is a Principal and Senior Consultant with the Stonehill Financial, LLC. He is a seasoned, high energy executive with multi-industry experience and has successfully built and re-energized management teams as CEO or COO. He is extremely analytical, decisive, straight-forward and action oriented. Over his 35 plus year career, he has gained a significant background in acquisitions, start-ups, turnarounds, IPO’s and public and private financings of large and small companies. He has significant product, marketing, customer development, manufacturing and engineering experience which, coupled with his financial background, makes him a truly remarkable consultant. 

 

GENERAL EXPERIENCE:

Led numerous companies as Director, CEO, President, COO and/or CFO after his nine-year tenure with Arthur Andersen & Co. During his almost twenty years of affiliation with Irwin L. Jacobs he gained truly unique and remarkable experience in running companies, turning companies around, managing companies through Chapter 11, performing due diligence on countless potential target acquisitions, and actively selling countless companies and divisions. In addition, he has led a $40 plus million private equity fund investing in financial services companies. His expansive background and experience coupled with his direct and forthright style in advising clients make Ken invaluable to clients

SELECTED CASE EXPERIENCE:

Chief Operating Officer of General Partner, Marshall Financial Partners, L.P.

  • Directed Private equity investments totaling $42 million in financial service companies.  In charge of diligence, monit.

President and Chief Operating Officer, Anagram International, Inc.

  • Developed priorities to improve profitability and cash flow which had plateaued. Major emphasis was given to improvement in distributor relations, more focused sales tactics and revenue enhancing marketing programs. Implemented cost reduction measures and obtained manufacturing contract to utilize excess extrusion capacity which also improved profitability. Commenced development of integrated creative, marketing, and production planning and control system required to eliminate costly operating inefficiencies.

 President and Chief Executive Officer, Miramar Marine Corporation

  • Restructured and reorganized this $180 million boat company through the Chapter 11 process. Miramar today is an extremely profitable division of Genmar Holdings.

Senior Vice President, Jacobs Management Corporation

  • Participated in the business review and financing proposals on several acquisition candidates. Managed minority interest investments retained by JMC in several companies. Participated in the development and fund raising activities of IMR Fund L.P. (invest, manage, realize), which ultimately obtained financial commitments of $500 million.

President and Chief Operating Officer, Minstar Inc.

  • Minstar, was a $1 billion public company engaged in the manufacturing of boats, sports products such as Ben Hogan golf clubs and Head skis and a provider of energy services such as oil field tubular inspection and coatings as well as pipeline equipment and gas compression equipment.
  • Reviewed and evaluated non-boat businesses owned by Minstar. Commenced sale of these companies as part of a “going private” transaction. Assisted in the arrangement of $450 million in bank and public debt financing required to complete the recapitalization.

Chairman and Chief Executive Officer, AMF Incorporated

  • AMF was a troubled, diversified company engaged in bowling products and bowling centers, sports products, energy services and electrical components and other equipment manufacturing. Revenues totaled $900 million when it was acquired by Minstar.
    Headed Minstar’s acquisition team and subsequently, the management of AMF. Identified the AMF business segments which had the highest value if owned by others. Participated in divestitures which yielded $450 million in the 18 months after acquisition. Reorganized the AMF corporate staff and transferred functions to Minstar nine months after acquisition without any significant increase in people costs. Restructured and managed the AMF Energy Services Group. Developed and implemented a $10 million profit improvement program at AMF Bowling.

Chairman and Chief Executive Officer, The Bekins Company

  • Bekins was a $400 million transportation and storage company. Divested non-core businesses and accelerated the sale of non-essential real estate to rapidly reduce acquisition debt.

Vice President - Finance, DVN Companies Inc.

  • Assisted in development of key management team for this mail order/retail company and headed up IPO.

President and Chief Executive Officer, Arctic Enterprises Inc.

  • Put in charge to “turnaround” Arctic, a snowmobile and boat manufacturer under the name Menstar. The negotiated reorganization plan provided for continuation as a boat manufacturer and sale of the snowmobile business.

President, Larson Boats Inc.

Vice President- Finance, International CO-OP

Executive Vice President, Arctic Enterprises Inc.

Audit Manager, Arthur Andersen & Co.  

CONTACT INFORMATION

Minnesota | 14451 Highway 7 | Suite 200 | Minnetonka, MN 55345
Arizona | 36299 South Boulder Crest Drive | Tucson, AZ  85739

Phone: (952) 224-7204  | Fax: (952) 224-7207