Bert Fenenga
CEO & CFO at United Carports LLC- Claim this Profile
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English Native or bilingual proficiency
Topline Score
Bio
Credentials
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Certified Public Accountant
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Experience
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United Carports LLC
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United States
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Building Materials
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1 - 100 Employee
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CEO & CFO
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Feb 2016 - Present
Privately-held 35 employee metal building manufacturer and installer • Aligned the Company to achieve positive cash flow in 2015, its first year of manufacturing • Achieved profitability and positive cash flow in 2016, the Company’s first full year of manufacturing • Obtained a line of credit and term loan to support rapid growth • Achieved Inc. 500 list as the 245th fastest growing private company in the US for 2016 Privately-held 35 employee metal building manufacturer and installer • Aligned the Company to achieve positive cash flow in 2015, its first year of manufacturing • Achieved profitability and positive cash flow in 2016, the Company’s first full year of manufacturing • Obtained a line of credit and term loan to support rapid growth • Achieved Inc. 500 list as the 245th fastest growing private company in the US for 2016
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Pure Shorelines LLC
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United States
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Business Consulting and Services
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Founder and CEO
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May 2016 - Present
• CFO Consulting services • One project for a PE firm included the following: * 9 month project for a $55M apparel Company * Created timely, accurate reporting to the PE owners and Executives, which was previously lacking • Prepared the process, procedures and implemented the Companies first budget since its inception • Increased sales by providing additional credit to over 400 of the Companies current customers • Brought the Company into GAAP compliance with additional reserves and proper reporting • Instituted process and procedures into the business which were previously lacking • Provided reporting guidance through IT changes simplifying processes and increasing visibility • Sales and Use Tax Automation services • Assistance in filing sales and use taxes in all states requiring filings • Analysis and application for refunds have helped clients receive refunds from $2,000 to $157,000. Show less
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Outpac Designs Group dba Pacsafe
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Seattle, WA
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CFO & COO
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Aug 2012 - Jan 2016
Privately-held 120 employee bag, backpack, luggage and accessories manufacturer, wholesaler and retailer headquartered in Hong Kong with subsidiaries in Washington State, Germany and China • Implemented a Company-wide ERP (Microsoft NAV 2013) into 9 Company’s, increasing visibility and accountability and decreasing close time by 12 days • Created the first consolidated financial statements in the Company's history 4 months after joining the business • Decreased the consolidation time from 4 days to 2 hours writing the reports and extracting the data from the ERP. The consolidation consists of 9 entities, 13 currencies and 5 reporting currencies • Led the complete revision of the Company's website increasing sales an average of 80% per month • Relocated the North American headquarters into Seattle increasing the available talent pool • Built a European strategy including starting up the subsidiary while transitioning from a distributorship model increasing sales by over 200% in the first year • Initiated a global inventory forecasting model increasing cash flow by 30% Show less
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Hawaiian Popcorn
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Honolulu, HI
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Chief Executive Officer and Chief Financial Officer
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Mar 2010 - Jan 2015
Privately-held manufacturer and wholesaler of kettle corn popcorn. • Secured financing for the business increasing cash flow • Oversee all financial systems and procedures, including inventory control, purchasing, accounts payable, and accounts receivable • Human Resource responsibilities include: worker’s compensation, employee medical benefits, business insurance and payroll • Prepare financial statements, analyze financial data and manage cash flow • Involved in production, distribution and licensing of the Brand. I even hand popped 4 kettles at once for 2 weeks when we had a large order to fill Show less
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Kershaw, Mackie and Company
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Oceanside, CA
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Principal
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Nov 2008 - Jul 2012
Provide strategic assistance for underperforming companies. • Advise in turnarounds and restructures, creditors, secured and unsecured workouts and help provide solutions for the middle market • Designed and implemented a financial restructuring plan for a consumer products retailer: o Extended and expanded financing for the struggling company o After 3 years of losses and subsequent to implementing the plan, the retailer is profitable and its lender continues to finance the business Show less
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Reyn Spooner
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Kamuela, HI
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Consulting CFO
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Mar 2008 - Oct 2008
PE-owned 50 employee Hawaiian shirt manufacturer, wholesaler and retailer • Worked directly with the private equity owner to transition from over fifty years of private ownership • Responsible for the management of all accounting, budgeting and financial reporting • Accounting and cash flow modeling support to secure funding for the purchase of Reyn Spooner by the private equity firm PE-owned 50 employee Hawaiian shirt manufacturer, wholesaler and retailer • Worked directly with the private equity owner to transition from over fifty years of private ownership • Responsible for the management of all accounting, budgeting and financial reporting • Accounting and cash flow modeling support to secure funding for the purchase of Reyn Spooner by the private equity firm
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Eagle Creek, Inc.
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Vista, CA
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CFO, Treasurer and Managing Director of European Operations
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Aug 1998 - Feb 2008
Privately-held 800 employee bag, backpack, luggage and accessories manufacturer, sourcer and wholesaler headquartered in California with a European subsidiary in Ireland and 2 maquiladoras in Mexico • Preparation, review and approval of Company-wide compensation and bonus plans eliminating prior haphazard reviews and salary increases which culminated in results oriented salary increases and bonuses based on the industry and region • Assisting in the start-up of a new brand – Clive • Restructured the business to profitability after 9/11 reduced sales by over 50% • Complete restructure, setup and relocation of the European subsidiary from Germany to Ireland resulting in profitability in the 2nd year after relocation after 10 years of losses • Initiated, reviewed and implemented licensing agreements converting Asian distributors to licensees resulting in licensees doubling their sales in 2 years while increasing company margins and profitability • Sale of the Company to VF Corp (NYSE VFC) involving preparation of the sales book, pricing and deal structure, preparation of due diligence materials and negotiations with VF and attorneys representing the Shareholders and ESOP Show less
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Sideout Sport, Inc.
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Monrovia, CA
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SVP, COO and CFO
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Mar 1997 - Jul 1998
Privately-held 20 employee designer and wholesaler of volleyball inspired beachwear • Prepared the company for a public offering through an S-1 filing which was pulled while at the printer • Sale the business to the Cherokee Group Privately-held 20 employee designer and wholesaler of volleyball inspired beachwear • Prepared the company for a public offering through an S-1 filing which was pulled while at the printer • Sale the business to the Cherokee Group
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Authentic Fitness, Inc. (main brand Speedo)
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Commerce, CA
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SVP and CFO
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Jun 1996 - Sep 1996
$420M publically-held 4,000 employee designer, manufacturer, wholesaler and retailer of beachwear and swimwear • Left the Company over a dispute as to the validity of the financial statements which I was asked to certify. Subsequently the company had to restate its previously issued financial statements $420M publically-held 4,000 employee designer, manufacturer, wholesaler and retailer of beachwear and swimwear • Left the Company over a dispute as to the validity of the financial statements which I was asked to certify. Subsequently the company had to restate its previously issued financial statements
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Quiksilver
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United States
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Retail Apparel and Fashion
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700 & Above Employee
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SVP, CFO, Treasurer and Managing Director of Quiksilver Europe
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Jun 1990 - May 1996
$300M publically-held designer, manufacturer, sourcer, wholesalerand retailer of surfwear. • Assisted in the acquisition of and accounting for the purchase of a European subsidiary and five other entities resulting in an initial 25% increase in sales and even greater increases in profitability. • Assisted in the selection and implementation of a new G/L, A/P and Payroll software system reducing monthly closing by 5 days. • Review of all budgeting areas resulting in over $500,000 of annual savings. • Critical design, analysis, and deal making with regard to two earnout computations for the previous shareholders of three acquisitions. • Duties included; analyzing systems for cost and efficiency savings, writing up procedures, daily direct supervision of staff, hiring and disciplining staff, performance reviews, monthly and annual budget preparation and review, interfacing with the board of directors, attorneys, bankers and analysts, administration of stock option plans and other miscellaneous duties. In charge of all aspects of SEC reporting including; drafting and issuance of, and reviewing filing compliance for Form 10-K's, 10-Q's, Proxy’s, Annual Reports and Form 8's. Show less
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Kenneth Leventhal & Co.
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Newport Beach, CA
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Audit Senior
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Aug 1985 - Jun 1990
• Supervised audits of various major commercial, industrial and residential developers and property management companies. Responsibilities consisted of; 1) Analysis of the appropriate accounting treatment of real estate transactions in accordance with technical accounting literature; 2) Review the reasonableness of budget to actual comparisons, estimates to complete and assumptions used in absorption and sales value projections; 3) Preparation and review of net realizable valuations of real estate holdings; 4) Preparation and review of GAAP and current value financial statements, Form 10-K's, 10-Q's and Proxy’s; and 5) Review and documentation of construction loan disbursement systems. • As supervisor of audits, my duties included staff supervision, job administration and wrap-up (i.e., preparation and issuance of audited financial statements) and liaison between client and Kenneth Leventhal & Company management • Other clients included; 1) Financial institutions; 2) Publicly held apparel company; and 3) Employee pension fund Show less
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Education
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California State University-Fullerton, Mihaylo College of Business and Economics
Business, Accounting -
Saddleback College
AA, General