Ken Thomas joined Pittsburgh-based Compass Advisory Partners in 2009 after a thirty-year career in the metals processing and distribution industry. Ken has extensive experience in all aspects of financial management, having held financial and operational positions ranging from Cost Analyst to Chief Financial Officer to Regional Operating Vice President for start-up, mid-level and large organizations, both private and publicly held. Ken began his career as an analyst for US Steel's inland waterway transportation subsidiary.
From 1979 to 1990 he held a variety of financial positions with The Levinson Steel Company, including roles as cost accountant, systems analyst, Accounting Manager, Controller and CFO/Treasurer. During this period, Levinson Steel grew from a single-location steel service center with revenues in the $30 M range to a multi-state organization with revenues exceeding $200 M, becoming the single largest distributor of structural steel products in the US. During this growth, Ken was a key member of the acquisition team, performing due diligence, transaction negotiation, asset-based financing and integration roles.
Following an industry-wide downturn in 1990, Levinson Steel was successfully reorganized in 1992 via Chapter 11 into a smaller steel service with five locations. Between 1992 and 1998, the Company returned to profitability and, in 1996, successfully recapitalized its reorganization debt and creditor-controlled ownership structure, returning full ownership control to the management team consisting of Ken as CFO and the Company's CEO. In 1998 Levinson Steel was acquired by Metals USA, a publicly-traded metals distribution company. Between 1998 and 2001 Ken was a Regional Controller for Metals USA's Plates and Shapes Division.
In 2001 Ken joined Metals USA's reorganization team in Houston as Metals USA was successfully reorganized via Chapter 11 in 2002. Between 2002 and 2005 he was Regional Vice President of the Mid-Atlantic Region of Metals USA's Plates and Shapes Group, responsible for five locations with revenues exceeding $200 M. Between 2005 and 2009 Ken held a number of operational and financial positions with start-up and mid-level steel processors in the Pittsburgh and Ohio region.
Ken, a life-long resident of Western PA, has a BA in Economics from Washington and Jefferson College and a Masters Degree in Business Administration from the University of Pittsburgh's Katz School of Business.
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