Lance P. Wimmer                                            Next

Lance P. Wimmer is the Founder and Managing Director of Wimmer Associates, Inc.   Mr. Wimmer’s career spans Board of Director and CEO roles, corporate planning and strategy, M&A and finance in a cross-section of business environments that include Booz, Allen & Hamilton, US Steel, Swift and Lenox China as well as a multitude of middle market companies.  He holds graduate degrees in engineering and business.

He formed Wimmer Associates in 1988 to assist Boards of Directors, equity firms and management teams with significantly enhancing the value of their companies.  Early engagements involved raising over $45 million to fund businesses in electronics, health care, communications, retail, and other industries. 

Since then, Wimmer Associates has gained a reputation for the development and application of simple, yet incisive analytical methodologies that get results.  Engagements have included management leadership roles for the restructuring of $500 million CompuAdd Computer - a 109 store retailer and manufacturer, a $300 million industrial products distributor, $250 million Crowley department stores, a defense/aerospace contractor, a leading university, a branded consumer products injection molder, a specialty fresh food distributor and numerous other management and advisory assignments.

Mr. Wimmer managed the Southwest Region for a leading national restructuring consulting firm.  His assignments included lead responsibility as CEO for viability analysis, market and product strategy, operations restructuring plans and improvements, cash flow enhancement and refinancing.  He also led operations teams that assisted management with successful negotiations with secured and unsecured creditors, unions, and potential new investors.  Client companies included aerospace/defense, automotive/trucking, food processing, printing/publishing, material handling, retail, grocery and fast food franchising.  He built relationships with major lending institutions including Citicorp, LaSalle, JPMorgan Chase, Wachovia, CIT, Wells Fargo, Merrill Lynch and Prudential among others.

As President of $4.2 billion Swift Independent Corporation, a leading food and distribution LBO, he successfully managed the cash flow enhancement, organizational development and strategic re-direction of the company.  He later played a lead role with the equity sponsor in negotiating Swift’s sale for over seven times the original LBO purchase price in just 3-1/2 years. 

Prior to that, Mr. Wimmer was Vice President, Marketing of Curtis Mathes Corporation, a privately held $300 million manufacturer and retailer of televisions and electronics products.  There he focused on strategy implementation, marketing, and new product development, while converting the company to a retail franchise system.  He had responsibility for 650 retail locations nationwide.

Before Curtis Mathes, Mr. Wimmer was with Lenox, Inc., a leading manufacturer and marketer of consumer goods.  Over a period of eight years, he was President and General Manager of three Lenox subsidiaries.  He implemented a company-wide strategic planning system that led to dramatic improvements in growth and profitability and a four-fold increase in the company’s stock price.  He led the acquisition effort and became President of Keepsake, a leading diamond jewelry manufacturer, distributor and franchise retailer.

Mr. Wimmer began his career with U.S. Steel in financial planning, and later joined Booz, Allen & Hamilton to assist clients in both industrial and consumer markets in mergers and acquisitions, joint ventures and general management consulting.

Mr. Wimmer received both his Bachelor's and Master's degrees in Mechanical Engineering from Lehigh University .  Later, he attended Carnegie-Mellon University as a U.S. Steel Fellow, where he earned a Master of Science degree in Industrial Administration.  Mr. Wimmer also served as President, TMA - Dallas Chapter and remains active as a Director.  In 2001 he was nominated for “Turnaround Manager of the Year”.