Larry Jones

Chief Financial Officer at Arrow Tru-Line, Inc
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Toledo, Ohio Metropolitan Area

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Experience

    • United States
    • Wholesale Building Materials
    • 1 - 100 Employee
    • Chief Financial Officer
      • Mar 2022 - Present

      Arrow Tru-Line, a portfolio company of private equity firm MiddleGround Capital, is the leading independent manufacturer and supplier of overhead garage door hardware components in North America.

    • Board Member and Audit Committee Chair
      • Oct 2021 - Jun 2022

      Arrow Tru-Line, a portfolio company of private equity firm MiddleGround Capital, is the leading independent manufacturer and supplier of overhead garage door hardware components in North America.

    • United States
    • Engineering Services
    • 100 - 200 Employee
    • Chief Financial Officer
      • Jun 2020 - Jun 2021

      Toledo, Ohio Metropolitan Area 𝗕𝗜 𝗧𝗥𝗔𝗡𝗦𝗙𝗢𝗥𝗠𝗔𝗧𝗜𝗢𝗡 | 𝗧𝗘𝗖𝗛𝗡𝗢𝗟𝗢𝗚𝗬 𝗢𝗣𝗧𝗜𝗠𝗜𝗭𝗔𝗧𝗜𝗢𝗡 | 𝗖𝗢𝗥𝗣𝗢𝗥𝗔𝗧𝗘 𝗙𝗜𝗡𝗔𝗡𝗖𝗘 | 𝗗𝗘𝗖𝗜𝗦𝗜𝗢𝗡 𝗜𝗡𝗧𝗘𝗟𝗟𝗜𝗚𝗘𝗡𝗖𝗘 & 𝗔𝗡𝗔𝗟𝗬𝗦𝗜𝗦 Spearheaded complete transformation of BI and technology for the $20M+ privately-owned telecom engineering services firm, including operational performance and functions, reporting and analysis, and decision intelligence. • 𝗥𝗲𝘀𝘁𝗿𝘂𝗰𝘁𝘂𝗿𝗲𝗱 𝘁𝗵𝗲 𝗜𝗧 𝗱𝗲𝗽𝗮𝗿𝘁𝗺𝗲𝗻𝘁 to expand… Show more 𝗕𝗜 𝗧𝗥𝗔𝗡𝗦𝗙𝗢𝗥𝗠𝗔𝗧𝗜𝗢𝗡 | 𝗧𝗘𝗖𝗛𝗡𝗢𝗟𝗢𝗚𝗬 𝗢𝗣𝗧𝗜𝗠𝗜𝗭𝗔𝗧𝗜𝗢𝗡 | 𝗖𝗢𝗥𝗣𝗢𝗥𝗔𝗧𝗘 𝗙𝗜𝗡𝗔𝗡𝗖𝗘 | 𝗗𝗘𝗖𝗜𝗦𝗜𝗢𝗡 𝗜𝗡𝗧𝗘𝗟𝗟𝗜𝗚𝗘𝗡𝗖𝗘 & 𝗔𝗡𝗔𝗟𝗬𝗦𝗜𝗦 Spearheaded complete transformation of BI and technology for the $20M+ privately-owned telecom engineering services firm, including operational performance and functions, reporting and analysis, and decision intelligence. • 𝗥𝗲𝘀𝘁𝗿𝘂𝗰𝘁𝘂𝗿𝗲𝗱 𝘁𝗵𝗲 𝗜𝗧 𝗱𝗲𝗽𝗮𝗿𝘁𝗺𝗲𝗻𝘁 to expand performance capabilities and support ERP development and data management requirements; reduced external MIS spending by $125,000. • 𝗢𝘃𝗲𝗿𝗵𝗮𝘂𝗹𝗲𝗱 𝘁𝗵𝗲 𝗔𝗥/𝗔𝗣 𝗽𝗿𝗼𝗰𝗲𝘀𝘀 for the largest customer, established process documentation and associate training; captured $500,000 of improper billing. • 𝗢𝘃𝗲𝗿𝘀𝗮𝘄 𝗰𝗼𝗺𝗽𝗹𝗲𝘁𝗲 𝗣𝗣𝗣 𝗹𝗼𝗮𝗻 𝗳𝗼𝗿𝗴𝗶𝘃𝗲𝗻𝗲𝘀𝘀 𝗽𝗿𝗼𝗰𝗲𝘀𝘀; assembled and prepared documentation for SBA audit. • 𝗣𝗿𝗼𝗳𝗲𝘀𝘀𝗶𝗼𝗻𝗮𝗹𝗶𝘇𝗲𝗱 𝘁𝗵𝗲 𝗳𝗶𝗻𝗮𝗻𝗰𝗲 𝘁𝗲𝗮𝗺; designed new compensation plan, annual and long-term incentive programs, and executive stock appreciation rights program. Show less

    • United States
    • Consumer Services
    • 100 - 200 Employee
    • Chief Financial Officer (CFO)
      • Mar 2019 - Dec 2020

      East Lansing, Michigan, United States 𝗧𝗨𝗥𝗡𝗔𝗥𝗢𝗨𝗡𝗗 𝗦𝗧𝗥𝗔𝗧𝗘𝗚𝗬 | 𝗙𝗜𝗡𝗔𝗡𝗖𝗜𝗔𝗟 𝗧𝗘𝗔𝗠 𝗔𝗥𝗖𝗛𝗜𝗧𝗘𝗖𝗧𝗨𝗥𝗘 | 𝗖𝗢𝗥𝗣𝗢𝗥𝗔𝗧𝗘 𝗙𝗜𝗡𝗔𝗡𝗖𝗘 | 𝗣𝗔𝗡𝗗𝗘𝗠𝗜𝗖 𝗟𝗘𝗔𝗗𝗘𝗥𝗦𝗛𝗜𝗣 Spearheaded turnaround strategic plan to professionalize the organizational business model, tools, and systems for future preparation, a 12-month commitment extended for 22 months. • 𝗔𝗰𝗵𝗶𝗲𝘃𝗲𝗱 $𝟭𝗠 𝗻𝗼𝗻-𝗣𝗣𝗣 𝗶𝗻𝗰𝗿𝗲𝗮𝘀𝗲 𝗶𝗻 𝗘𝗕𝗜𝗧𝗗𝗔 in 2020; drove strategic planning process, eliminated… Show more 𝗧𝗨𝗥𝗡𝗔𝗥𝗢𝗨𝗡𝗗 𝗦𝗧𝗥𝗔𝗧𝗘𝗚𝗬 | 𝗙𝗜𝗡𝗔𝗡𝗖𝗜𝗔𝗟 𝗧𝗘𝗔𝗠 𝗔𝗥𝗖𝗛𝗜𝗧𝗘𝗖𝗧𝗨𝗥𝗘 | 𝗖𝗢𝗥𝗣𝗢𝗥𝗔𝗧𝗘 𝗙𝗜𝗡𝗔𝗡𝗖𝗘 | 𝗣𝗔𝗡𝗗𝗘𝗠𝗜𝗖 𝗟𝗘𝗔𝗗𝗘𝗥𝗦𝗛𝗜𝗣 Spearheaded turnaround strategic plan to professionalize the organizational business model, tools, and systems for future preparation, a 12-month commitment extended for 22 months. • 𝗔𝗰𝗵𝗶𝗲𝘃𝗲𝗱 $𝟭𝗠 𝗻𝗼𝗻-𝗣𝗣𝗣 𝗶𝗻𝗰𝗿𝗲𝗮𝘀𝗲 𝗶𝗻 𝗘𝗕𝗜𝗧𝗗𝗔 in 2020; drove strategic planning process, eliminated non-profitable locations, and reduced excessive talent headcount across operations. • 𝗕𝘂𝗶𝗹𝘁 𝗵𝗶𝗴𝗵-𝗽𝗲𝗿𝗳𝗼𝗿𝗺𝗶𝗻𝗴 𝗳𝗶𝗻𝗮𝗻𝗰𝗲 𝘁𝗲𝗮𝗺 from the ground up; developed the annual budget, completed the annual audit process, and created an efficient monthly reporting package in the first 90 days. • 𝗚𝘂𝗶𝗱𝗲𝗱 𝘁𝗵𝗲 𝗼𝗿𝗴𝗮𝗻𝗶𝘇𝗮𝘁𝗶𝗼𝗻 through unprecedented pandemic period, including acquisition of PPP and HEERF funding; skillfully improved cash position by $1M during full and partial operations shutdown. • 𝗟𝗲𝗱 𝘁𝗵𝗲 𝘄𝗶𝗻𝗻𝗶𝗻𝗴 𝗮𝗽𝗽𝗲𝗮𝗹 to US Department of Education; passed financial responsibility composite score and enabled the company to exit the Heightened Credit Monitoring (HCM1) program. Show less

    • United States
    • Hospitals and Health Care
    • 100 - 200 Employee
    • Chief Financial Officer
      • Jun 2014 - 2019

      Toledo, Ohio Area 𝗦𝗧𝗥𝗔𝗧𝗘𝗚𝗜𝗖 𝗣𝗟𝗔𝗡𝗡𝗜𝗡𝗚 | 𝗠&𝗔 𝗟𝗘𝗔𝗗𝗘𝗥𝗦𝗛𝗜𝗣 | 𝗖𝗔𝗣𝗜𝗧𝗔𝗟 𝗜𝗡𝗩𝗘𝗦𝗧𝗠𝗘𝗡𝗧 𝗠𝗔𝗡𝗔𝗚𝗘𝗠𝗘𝗡𝗧 | 𝗣𝗘𝗥𝗙𝗢𝗥𝗠𝗔𝗡𝗖𝗘 𝗦𝗧𝗥𝗨𝗖𝗧𝗨𝗥𝗜𝗡𝗚 Guided business transformation to modernize the family-owned business strategy and performance capabilities, including finance, process, quality control/analysis, and technology; took the organization from $72M to $116M. • 𝗢𝘃𝗲𝗿𝘀𝗮𝘄 𝘁𝗵𝗲 𝗼𝗿𝗴𝗮𝗻𝗶𝘇𝗮𝘁𝗶𝗼𝗻’𝘀 𝗳𝗶𝗿𝘀𝘁 𝗮𝗰𝗾𝘂𝗶𝘀𝗶𝘁𝗶𝗼𝗻… Show more 𝗦𝗧𝗥𝗔𝗧𝗘𝗚𝗜𝗖 𝗣𝗟𝗔𝗡𝗡𝗜𝗡𝗚 | 𝗠&𝗔 𝗟𝗘𝗔𝗗𝗘𝗥𝗦𝗛𝗜𝗣 | 𝗖𝗔𝗣𝗜𝗧𝗔𝗟 𝗜𝗡𝗩𝗘𝗦𝗧𝗠𝗘𝗡𝗧 𝗠𝗔𝗡𝗔𝗚𝗘𝗠𝗘𝗡𝗧 | 𝗣𝗘𝗥𝗙𝗢𝗥𝗠𝗔𝗡𝗖𝗘 𝗦𝗧𝗥𝗨𝗖𝗧𝗨𝗥𝗜𝗡𝗚 Guided business transformation to modernize the family-owned business strategy and performance capabilities, including finance, process, quality control/analysis, and technology; took the organization from $72M to $116M. • 𝗢𝘃𝗲𝗿𝘀𝗮𝘄 𝘁𝗵𝗲 𝗼𝗿𝗴𝗮𝗻𝗶𝘇𝗮𝘁𝗶𝗼𝗻’𝘀 𝗳𝗶𝗿𝘀𝘁 𝗮𝗰𝗾𝘂𝗶𝘀𝗶𝘁𝗶𝗼𝗻, including successful conversation of ERP system in the first six months, including all financial, quality, and technological units. • 𝗦𝗲𝗰𝘂𝗿𝗲𝗱 $𝟯𝟬𝗠𝗠 𝗶𝗻 𝗻𝗲𝘄 𝗱𝗲𝗯𝘁 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗻𝗴; enabled needed capital investments and leveraged strategic banking, insurance, and legal relationships. • 𝗥𝗲𝗲𝗻𝗴𝗶𝗻𝗲𝗲𝗿𝗲𝗱 𝗮𝗻𝗱 𝘀𝘁𝗿𝗲𝗮𝗺𝗹𝗶𝗻𝗲𝗱 𝗙𝗶𝗻𝗮𝗻𝗰𝗲 𝗮𝗻𝗱 𝗜𝗧 performance capabilities; drove team engagement to maximize business contributions. • 𝗣𝗮𝗿𝘁𝗻𝗲𝗿𝗲𝗱 𝘄𝗶𝘁𝗵 𝗱𝗲𝘃𝗲𝗹𝗼𝗽𝗺𝗲𝗻𝘁 𝘁𝗲𝗮𝗺 to implement BI data visualization tool, Tableau, generating automated access to daily sales/order dashboard, operational results dashboard, and P&L statements companywide. • 𝗧𝗼𝗼𝗸 𝗲𝘅𝗲𝗰𝘂𝘁𝗶𝘃𝗲 𝗼𝘄𝗻𝗲𝗿𝘀𝗵𝗶𝗽 of the company Quality organization; moved quality process from quality control to quality assurance. Led the first ISO 9001:2015 certification. Show less

    • Truck Transportation
    • 1 - 100 Employee
    • Chief Financial Officer
      • May 2012 - Jun 2014

      Toledo, Ohio Area Architected the accounting and financial functions and teams from the ground up; acted as a leading strategic planning advisor to company President and CEO and served on the Board of Directors. • 𝗖𝗿𝗲𝗮𝘁𝗲𝗱 𝘀𝗼𝗽𝗵𝗶𝘀𝘁𝗶𝗰𝗮𝘁𝗲𝗱 𝗺𝗼𝗱𝗲𝗹𝘀 to continually forecast income and cash flow across multiple lines of business over 13-week and 3-year projection periods. • 𝗟𝗲𝗱 𝗰𝗼𝗺𝗽𝗹𝗲𝘅 𝗻𝗲𝗴𝗼𝘁𝗶𝗮𝘁𝗶𝗼𝗻𝘀 with Amazon across adjoining strategic partnerships and chief… Show more Architected the accounting and financial functions and teams from the ground up; acted as a leading strategic planning advisor to company President and CEO and served on the Board of Directors. • 𝗖𝗿𝗲𝗮𝘁𝗲𝗱 𝘀𝗼𝗽𝗵𝗶𝘀𝘁𝗶𝗰𝗮𝘁𝗲𝗱 𝗺𝗼𝗱𝗲𝗹𝘀 to continually forecast income and cash flow across multiple lines of business over 13-week and 3-year projection periods. • 𝗟𝗲𝗱 𝗰𝗼𝗺𝗽𝗹𝗲𝘅 𝗻𝗲𝗴𝗼𝘁𝗶𝗮𝘁𝗶𝗼𝗻𝘀 with Amazon across adjoining strategic partnerships and chief investor. • 𝗜𝗺𝗽𝗹𝗲𝗺𝗲𝗻𝘁𝗲𝗱 𝗧𝗮𝗯𝗹𝗲𝗮𝘂 𝗰𝗹𝗼𝘂𝗱-𝗯𝗮𝘀𝗲𝗱 𝗿𝗲𝗽𝗼𝗿𝘁𝗶𝗻𝗴 𝘀𝘆𝘀𝘁𝗲𝗺; linked interactive access to customer sales data for external sales team. Show less

    • United Kingdom
    • Senior Product Manager, Door Systems Business
      • Jan 2011 - May 2012

      • 𝗥𝗲𝗱𝗲𝘀𝗶𝗴𝗻𝗲𝗱 𝘁𝗵𝗲 𝗹𝗼𝗻𝗴-𝘁𝗲𝗿𝗺 𝘀𝘁𝗿𝗮𝘁𝗲𝗴𝗶𝗰 𝗽𝗹𝗮𝗻 to right-size the organization; drove profitability, advanced business systems, and ignited customer loyalty, taking the organization from $300M to $600M in 4 years. • 𝗢𝘃𝗲𝗿𝘀𝗮𝘄 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗽𝗲𝗿𝗳𝗼𝗿𝗺𝗮𝗻𝗰𝗲 of complex $90M product offerings and 3 offshore operations in China and Mexico; led restructuring of business strategy and competitive analysis to yield sustainable solutions. •… Show more • 𝗥𝗲𝗱𝗲𝘀𝗶𝗴𝗻𝗲𝗱 𝘁𝗵𝗲 𝗹𝗼𝗻𝗴-𝘁𝗲𝗿𝗺 𝘀𝘁𝗿𝗮𝘁𝗲𝗴𝗶𝗰 𝗽𝗹𝗮𝗻 to right-size the organization; drove profitability, advanced business systems, and ignited customer loyalty, taking the organization from $300M to $600M in 4 years. • 𝗢𝘃𝗲𝗿𝘀𝗮𝘄 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗽𝗲𝗿𝗳𝗼𝗿𝗺𝗮𝗻𝗰𝗲 of complex $90M product offerings and 3 offshore operations in China and Mexico; led restructuring of business strategy and competitive analysis to yield sustainable solutions. • 𝗢𝘃𝗲𝗿𝗵𝗮𝘂𝗹𝗲𝗱 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝘀𝘆𝘀𝘁𝗲𝗺𝘀 𝘀𝘁𝗿𝗮𝘁𝗲𝗴𝗶𝗰 𝗱𝗶𝗿𝗲𝗰𝘁𝗶𝗼𝗻 with efficient, data-based decisions on project initiation and eliminations, becoming the corporate benchmark for efficacy and effectiveness.

    • Senior Product Manager, Glass Products
      • Jan 2009 - Jan 2011

    • Director, Financial Planning and Analysis
      • Mar 2006 - Jan 2009

    • National Account Manager
      • Dec 2004 - Mar 2006

    • Product Manager, Entry Doors
      • Dec 2003 - Dec 2004

    • Controller
      • Jul 2001 - Dec 2003

      Created deal book presentations and financial models that enabled successful due diligence process when Fortune Brands (NYSE: FBHS) acquired Therma-Tru from private equity firm in late 2003

    • United States
    • Manufacturing
    • 700 & Above Employee
    • Plant Financial Manager, North American Laundry Liquids
      • 1999 - 2001

    • Financial Analyst – Global Beauty Care Business Unit
      • 1998 - 1999

    • Financial Analyst – North American Region
      • 1997 - 1998

Education

  • University of Michigan - Stephen M. Ross School of Business
    Masters of Business Administration, MBA, Finance and Corporate Strategy
    1995 - 1997
  • Albion College
    Bachelor of Arts, B.A., Economics and Management
    1986 - 1990

Community

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