Mr. Signorelli has spent 20 of his 40 years in corporate finance as a Chief Financial Officer, Chief Operating Officer and Vice President of Corporate Development. His business and industry career was built upon and supplemented by 20 years of Corporate Finance Consulting, including the first 15 years which culminated as the Director of Ernst & Young’s Mid-Atlantic Region Entrepreneurial Services Consulting Group.
CFO projects include:
- Value Creation
- Prospective Financial Statements (Measuring and Managing)
- M&A Due Diligence and Integration
- Turnaround (Restructuring and Reorganizations)
His experience encompasses a broad range of industries, including manufacturing, warehousing/distribution, government contracting, construction, energy, transportation, financial services, IT services, healthcare services and non-profits. Mr. Signorelli is a start-up, rapid growth and/or turnaround finance professional. His primary consulting specializations are merger and acquisition, due diligence and integration, restructuring and reorganization (insolvency) analysis, cash flow projections and analysis, and financial modeling, all with corporate valuation as a primary focus.
Mr. Signorelli negotiated the acquisition of three IT related government contractors, two commercial custom application developers and specific assets of two petroleum marine transporters as part of his CFO responsibilities. He reviewed many additional proposed transactions at that were not completed due to pricing or other factors not meeting the transaction criteria. Most notably, he negotiated the sale of two of his employers at significant premiums over their publicly traded and investment banker estimated values.
A representative sample of valuation creation engagements in which Mr. Signorelli has participated as a consultant include:
- Participated in a strategic assessment of a financially troubled international franchiser attempting to restructure over $130 million in unsecured debt. The engagement included preparing a comparable selling price valuation of company-owned stores, a future revenue stream valuation of owned and leased store real estate and several asset-monitoring schedules requested by various departments of the client. The franchiser was ultimately acquired by its largest supplier who wanted to protect a substantial part of its distribution chain. As part of the transaction, the acquirer bought the rights to the future revenue stream valuation model.
- Supervised a merger and acquisition analysis for an investment holding company interested in acquiring an interest in a large entertainment complex. The analysis included a review of the target company’s history and past financial results, an examination of the company’s future plans and projections, and detailed financial analyses of both past and expected future results. Subsequently, Mr. Signorelli supervised a review of the accounting and administrative systems. The emphasis of the review was on recommending practical solutions to existing problems that could be quickly implemented in the existing operating environment.
- Led a merger and acquisition analysis for a for-profit education company of a specialized graduate university. The analysis included a restatement of the university’s recent historical operating results and alerting its Board to the depth of its financial distress. The analysis served as a restructuring guide for our client.
- Managed an examination of the prospective financial statements of a publicly traded national bank holding company. The prospective financial statements were prepared to support the Bank’s recognizing as a reportable asset, the net present value of its operating loss carryforward. The loss was incurred during a national downturn in the commercial real estate industry. Recognition of that asset resulted in a $70 million plus increase in its sale price to a larger competitor.
He’s had the opportunity to work across the world, including Hawaii, Europe and Africa. Mr. Signorelli now enjoys exploring those places and others, especially near beaches with his wife, Barb. He is very physically active, including biking, hiking, swimming and camping. He also enjoys doing general handyman work, serious yard work and home remodeling, and when he wants to relax, he reads.
Mr. Signorelli earned a Bachelor of Arts in Accounting from Loyola College in Baltimore, Maryland. He also completed nine courses towards a Master of Administrative Science in Management from Johns Hopkins University. This was interrupted by a 17-month national bankruptcy assignment which required 100% travel. He’s also completed several Ernst & Young sponsored executive training seminars, including strategic planning, business valuation and effective information presentations, and is a Certified Public Accountant (licensed in Maryland).
Mr. Signorelli’s professional experience includes:
- MMS Advisors – Founding Partner (Current and 2002 – 2005)
- St. Johns Ship Building, Inc. – Chief Operating and Financial Officer (2019 – 2020)
- The John Carroll High School – Finance Director (2017 – 2019)
- The Vane Brothers Companies – Chief Financial Officer (2006 – 2017)
- TimeBridge Technologies, Inc. – Chief Financial and Operating Officer (1998 – 2002)
- Computer Data Systems, Inc. – Vice President Corporate Development (1996 – 1998)
- Ernst & Young – Director of Mid Atlantic Area Entrepreneurial Services Consulting Group (1994 – 1996)
- Ernst & Young – Senior Manager in the Corporate Financial Services Consulting Group (1989 – 1994)
Mr. Signorelli’s oldest daughter is bi-polar and a recovering addict. He has developed a passion to help her and similar people. He’s answered that passion by volunteering with Addiction Connections Resource (currently serving as their treasurer), St. Margaret’s Substance Abuse Ministry Team, Families Anonymous (founded the Bel Air Chapter and assisted the founders of the Poolesville and Berlin, Maryland Chapters), Ashley Recovery and The Homecoming Project, among others. He also serves on his Church’s Finance Committee.
Mr. Signorelli and his wife Barb have a second daughter who is now on her own, and a third, who is a student at UCLA.