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SUMMARY

Tim Miller
Business Builder, Value Creator
 

Business Builder

Worked at TBC Corporation (Tire Kingdom, NTB, Midas, BigO Tires) for almost 20 years with the majority 14 years as Chief Financial Officer.  Helped grow the company from $850mm in sales to almost $4 Billion through organic growth and execution of acquisitions of almost $1 billion. 

  • Retail- over 500 locations purchased in many small and large transactions valued at over $350 million
  • Franchise- $325mm in acquisition value

  • Wholesale- Multiple transactions totaling over $250 million.

Built a reputation as a growth-oriented executive with a proven track-record in creating high-performing teams and partnering with ownership to create shareholder value through both profitable organic growth and M&A activities as well as optimizing operations through analytics, continuous improvement and balance sheet optimization with experience working in a publicly traded (TBCC) and private company environment (French and Japanese).

Car wash

Acquisition Sourcing, Platform Building

Sourced a $100mm car wash company in Florida and combined with Private Equity to form a $400mm Car Wash Platform.  As the Chief Executive Officer, led the effort to build out the infrastructure to scale to 150-200 units.  Integration Focus- took a very successful operating model and integrated it into the acquired washes.  Platform Building- Built out the executive team and the corporate functions that did not exist; HR, Finance, IT, Development and Construction were all built out within the first 6 months.  

Home Services

Mentor to Executive Team, Platform Building, M&A

Reliable Residential Holdco, the largest franchisee operator with Neighborly, the world's largest home services company, was formed by Franchise Equity Partners (FEP). Operations are in Florida, Columbus, OH, and Oklahoma City, OK.  My role as the Chairman of the Board my role is to a) help build out the platform (Personnel, Technology, Finance, HR, Operations) to be a consolidator in the Home Services sector, b) Mentor the executive team and c) Execute on acquisitions.

Value Creator 

  • Strategic Planning
  • Analytics

  • Capital Raising

  • Balance sheet and cashflow optimization

  • Accounting and Investor relations

  • Process Improvements and operational Efficiencies

  • Operational and talent management leadership

  • Transformational Leadership

    • Retail

    • Franchise

    • International

    • Technology- Systems transformation, Retail POS 

    • Distribution and Logistics

    • Purchasing

Transaction ExamplesTim Miller while at TBC Corporation 2000-2019:
  • Midas (2012)– Led acquisition of publicly traded Midas for $325 million. Financial, legal and operational due diligence. Partnered with investment banker (Tri-Artisan) and outsourced diligence (PWC).
  • NTB acquisition from Sears (2004 -225 locations, $225mm in value)- No investment bankers utilized, led all Legal, Operational and Financial due diligence as well as financing activities (JP Morgan and Realty Income).Tapped into Real Estate value by executing the Largest Sale and Leaseback acquisition financing deal at the time.
  • Merchants Tire acquisition (2004-105 locations, $50mm in value)-No investment bankersutilized, led all Legal, Operational and Financial due diligence as well as financing activities (JP Morgan).

Divestitures:

  • Sale of TBC in 2005 to Sumitomo Corporation for $1.1 billion(Lehman Brothers).
  • Sale of 50% of TBC to Michelin in 2018 for an enterprise value of $1.65 billion. (No investment bankers).
    • Sale of Non-core franchise brand, Speedee, to strategic partner(2015).
    • Various other efforts working with potential Private Equity partners(Thomas Lee, Lindsay Goldberg, TPG, Onex).

 

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