Contact Rich Fritsche Rich FritschePartner
...Rich Fritsche is a Partner of Tatum CFO Partners, LLP.He
possesses over twenty-five years of progressive experience in a broad range of financial operations and operational experience in business development, manufacturing, distribution and information systems of a number of manufacturing and distribution companies.He has experience in acquisitions, mergers, divestitures, financings, SEC reporting and public offerings in growth and turnaround situations.He has a strong background in business planning, budgeting, financial reporting, information systems development and human resource administration.Since joining Tatum CFO, Rich has served as CFO of two $55 million plus revenue companies that were portfolio companies for private equity investors.
The first a ten-month engagement involving a new acquisition with primary focus on incorporating investor and banking disciplines into the reporting and operating structures, transitioning the company culture, developed and settled a substantial claim against the purchase price holdback and assisted in the hiring of a permanent CFO.The second engagement is continuing after eighteen months and resulted from an acquisition attempting to roll-up companies within an industry and running into financial challenges.After an initial assessment, restructured debt, reduced overhead in the organization, worked with the board of directors to replace CEO and in turn replaced four of the top five executives in the company, assumed certain CEO roles for a four-month period and actively shopped the assets of the company.Prior to joining Tatum CFO, Rich served as Executive Vice President and Chief Financial Officer of Commemorative Brands, Inc., a manufacturer and national distributor of class rings, graduation and commemorative products with revenues of $150 million.As a member of the executive committee, he developed the financial strategy for the acquisition and merger of L.G. Balfour and ArtCarved and executed the consolidation of operations from Massachusetts to Austin.Rich
was also instrumental in the raising of bank financing and public debt to finance the transaction.In addition, he
spearheaded the consolidation of the business operating systems for manufacturing and order fulfillment.Prior to this, Rich served as the Vice President of Finance and Administration of L.G. Balfour Company, Inc., a manufacturer and national distributor of class rings and graduation products with revenues of $80 million.
shut down an unprofitable business segment, streamlined costs, implemented actionable management reporting and prepared the company for divestiture.He
was responsible for finance, accounting, data processing systems, customer service and human resources.Prior to this position, Rich held various positions for Holson Burnes Company, Inc. and its predecessors.
These included: Chief Financial Officer, Vice President of Finance and Administration and Vice President of Operations and Human Resources.In these companies he
was heavily involved in the acquisition and merger of businesses, translating investors' financial objectives into financial strategy, operating plans, support systems and ongoing financial management, development and implementation of employee benefit plans and consolidation of multiple location business entities.Earlier in his career, Rich held various accounting and systems development positions at Hallmark Cards and its subsidiaries with emphasis in the area of product cost, manufacturing and procurement systems.Rich graduated from Oklahoma State University in June 1967 and received a B.S. degree in Accounting.He
is active in several non-profit organizations and Chair of the Board of the Directors of one organization.