Managing Director
ate Pursell is a Managing Director at NachmanHaysBrownstein, Inc. and has over 30 years of experience as a senior operating executive and private equity principal. His areas of expertise include turning around underperforming businesses and operating industrial and consumer products manufacturing companies and specialty retail firms, as well as acquisition valuation, negotiation, due diligence, and integration. As a corporate executive, he has conducted business in European, Latin American, and Asian countries, and managed acquisitions, restructurings and industry roll-ups.
As Managing Partner of Unlimited Horizons, which provides consulting services and seeks investments in manufacturing companies for private equity firms, including buyouts, acquisitions, restructurings, and operational improvements, he recently completed the turnaround of a specialty manufacturer and marketer of home improvement products, as chief executive officer, exceeding EBITDA and sales goals and creating a 2006-7 growth plan. He also completed an operational improvement project for a consumer durables manufacturer: improved operating processes, initiated ISO 9000, wrote their strategic plan, revised the pricing strategy, and developed new decision tools. In an earlier project, he sourced potential acquisitions for a private equity investment firm and developed a comprehensive acquisition sourcing and communications program for them. Prior to that, he intermediated the successful divestiture of a division of a Fortune 500 corporation.
Prior to joining UH-Inc, he was Group President of the Engineered Plastics Group of Applied Tech Products, a Saunders Karp & Megrue investment, where he oversaw four operating companies. Before that, as Group Executive and Senior Managing Director of Cortec Group, a private equity investment firm, he oversaw four metal fabrication companies and conducted M&A, valuation, and acquisition engagements.
He served as President of three operating companies of Masco Corporation: Baldwin Hardware Corporation, American Metal Products, and the Baldwin Brass Home Accent Stores. At Forstmann-Little, he was General Manager of the Electripak Division of American Electric and at General Electric, he was manager of a $300M line of lighting products. His early experience includes product management positions at American Cyanamid, Warner-Lambert, and Unilever.
Mr. Pursell earned a Master of Business Administration and a Bachelors Degree in biochemistry from Washington University in St. Louis. He served as a Captain and Management Analysis Officer in the U.S. Air Force in Europe and Southeast Asia. He is a member of the Turnaround Management Association, the Association for Corporate Growth, and the National Association of Corporate Directors.