Prior to co-founding Prometheus Capital, Mr. Prutch managed several middle market consumer-related businesses. He has been successful in the turnaround of companies through cost-cutting and aggressive sales and marketing. Mr. Prutch accomplished these turnarounds by selling divisions and subsidiaries, acquiring companies, negotiating licensing agreements, negotiating long term contracts, moving domestic production to overseas, renegotiating new labor agreements and raising fresh capital in the form of both equity and debt.
Prior to Mr. Prutch’s management activities, he was founder and Managing Director for Merchant Capital Group (Mercap), a Chicago based boutique merchant bank providing advisory services, merger and acquisition services and direct investments as principal in a number of consumer-oriented businesses including General American Door, LSJ Sportswear and Rapco International. Mr. Prutch managed Mercap for ten years and was non-executive chairman of the companies that Mercap invested in as a principal.
Prior to founding Mercap, Mr. Prutch was Vice President of Equities Northwest, Inc. (ENI), which was sold to Oppenheimer & Company in 1982. ENI was the premiere source of venture capital and project financing to the energy industry in the 1970’s and early 1980’s. Mr. Prutch progressed to Vice President in charge of their Chicago office. ENI raised over $100,000,000 per year in equity, with Chicago being the largest producing office.
Over the course of his career, Mr. Prutch has served on the Board of Directors of numerous companies, both public and private. Mr. Prutch attended Loras College in Dubuque, Iowa and majored in Political Science. He currently resides in Palatine, Illinois with his wife, Debbie.
Joshua J. Prutch joined Prometheus Capital in August of 2006 as a Vice President. Mr. Prutch has been leads the distressed practice of Prometheus Capital through identifying opportunities and partners to successfully turn-around troubled companies. Outside the distressed practice, Mr. Prutch assists in managing the due diligence process, identifying capital through financial institutions and strategic alliances, while creating strategic alternatives for the firm’s engaged clients.
Prior to joining Prometheus Capital, Mr. Prutch spent the 7 years in a fortune 500 company in the supply chain management industry. Mr. Prutch held several positions within the company ranging from Analyst to Project Manager to Department Head. Under Mr. Prutch’s lead, the company successfully designed, created, went to market, and supported two Windows based technologies. The first to market grew to controlling $35mm in revenue by year 4 and the second received the “Innovation of the Year - 2006” award presented by the USPS within 2 weeks of its press release.
This opportunity allowed Mr. Prutch to gain insight into the world of entrepreneurs, where he developed an in-depth understanding in their specific business needs and concerns. Both applications, produced revenues while eliminating substantial costs.
Mr. Prutch received his business degree in Supply Chain Management from Eli Broad College of Business at Michigan State University. He currently resides in Holland, Michigan with his wife and three children.
Jim Thompson joined Prometheus Capital in August of 2009 as a Vice President and Chief Financial Officer. Mr. Thompson is responsible for oversight of Prometheus Capital participating ventures, finance and accounting services department, opportunity viability analysis and subsequent turn-around operational activities. Prior to joining Prometheus Capital, Mr. Thompson served as CFO for a regional aviation services provider.
Mr. Thompson’s history includes over 20 years of supporting entrepreneurs in the development, launch and successful operations in multiple businesses spaces including: real estate development, resort / golf development, aviation, hospitality / food & beverage operations, construction and electronics distribution. Mr. Thompson has held positions ranging from Controller to CFO and COO. Under Mr. Thompson’s leadership he built, opened and operated a national award winning golf course and +800 acre residential development. Mr. Thompson has also developed custom ERP solutions for fringe industries, including a full service software solution for the distribution, support, customer service and commission tracking functions of a national subscription media provider.
Mr. Thompson’s approach can best be described as a walk the floor CFO/COO who participates at a hands-on level within the Prometheus Capital family of ventures. Mr. Thompson holds a Bachelor of Arts degree in Business Administration – Accounting from Hillsdale College. He currently resides in Schoolcraft, Michigan with his wife and two children.
Bill is a hands-on executive with deep experience in the apparel industry; having been instrumental in the growing and turning around of numerous apparel companies. He acts as an Operating Partner for Prometheus Capital and is currently the President of The Apparel Collection, as well as President of Mocean, a company he has run since 1999 where he is responsible for the day to day operations of Prometheus' activities in the apparel space.
Prior to his involvement with Prometheus and Mocean, Bill was instrumental in the turnaround of Big Ball Sports, a Houston based sports apparel company, and Umbro USA, a well known brand in the soccer industry. Prior to that he was Executive Vice President of Ocean Pacific, a lifestyle surf brand. Bill was instrumental in building Ocean Pacific from approximately $20.0 MM to $275.0 MM over a 15 year period. Bill is based in Los Angeles, California.
Jim Currie is a Senior Advisor to Prometheus Capital and is involved in its investment banking practice, assisting in capital raises as well as leading M&A transactions. Jim has deep experience as a corporate General Counsel as well as a corporate executive.
Prior to his experience with Prometheus, he was CEO of Rapid Refund which was the first company to offer on-line filing of tax returns. He was also CEO of Borrowers Choice, the first company to offer on-line advertising of mortgage loan rates, origination of loan applications and other real estate services. Over the course of his career Jim negotiated and executed numerous M&A transactions and has over 25 years of business and investment banking experience. Jim resides in the greater Washington D.C. area.
Mr. Spratt has served on the board and as CEO of several public and private companies in Canada (2002-2009) including: Parasun Technologies Inc., a company delivering software and services to the US Cable Industry; Kinzin International Inc, an international social publishing site for private groups; Uniserve Communications Corporation, a Canadian broadband service provider; and Knowledge Based Telephony Systems Inc., a VoIP service provider.
As a banker with Royal Bank of Canada (1990-2002), Mr. Spratt managed commercial credit portfolios with real estate and technology concentrations, as well as e-commerce and deposit product portfolios. In the Royal Bank's US internet bank subsidiary, Security First Network Bank (Atlanta), he was Managing Director, Business Development, assisting with the US acquisitions that led the Canadian bank's expansion into the US retail marketplace. In addition, Mr. Spratt has been a board member of Eagle Hill Exploration Corporation, Mammoth Capital Corporation and Ernex Marketing Technologies Inc. Mr. Spratt's expertise is concentrated in the areas of strategic planning, mergers and acquisitions, and the commercialization of new technology. Wil makes his home in Vancouver, British Columbia.
Bob Deprez is a Senior Advisor to Prometheus Capital and brings significant M & A, interim CEO and turnaround and restructuring experience. Bob was the founding partner of Arbor Point Capital Inc, a middle market buyout firm focused on acquiring underperforming and distressed businesses. At Arbor Point he led the completion of several transactions including a 363 purchase of a bankrupt distressed manufacturing company through in just 28 days.
Bob has been the CEO or interim CEO of several middle market businesses in transition. He has led companies through out-of court restructurings, turnarounds and ownership transitions. He has unique expertise in leading and building self-directed senior leadership teams to implement transformational improvements to the business to increase enterprise value. His leadership focuses on improving the organizational effectiveness of the company to serve the market and its customers to drive sales.
Bob is a recognized expert in turnaround strategies and techniques and taught courses for the Association of Certified Turnaround Professionals. He has led the turnarounds and financial restructuring of companies owned by private owners, Private Equity Groups and ESOPs. Bob has been a corporate executive for over 20 years. During his career he has worked in many industries including manufacturing, business services, distribution, environmental, capital equipment, construction and oil & gas. Bob has an engineering degree from Purdue University and an MBA from the University of Chicago. Bob and his wife reside in Chicago.
Rob Rosenberg is a Senior Advisor to Prometheus Capital that brings a wealth of experience a proven track record in building and growing successful operations. Prior to joining Prometheus, Rob actively pursued residential and commercial real estate development opportunities in both the Near West Side and Wicker Park neighborhoods of Chicago. Rob established LLPs, raised capital, negotiated bank lines, led the real estate sales, managed the architects and oversaw the general contractors.
In 1986 Rob negotiated the purchase of 46% of the outstanding shares of a "close-out merchandise" company in Glenview, Illinois called Park Avenue Distributors. As the largest shareholder he successfully raised $4 million of operating capital to develop and launch one of the first television “Home Shopping” programs, called the “BET Shopping Place.” Within six months, Park Avenue Distributors was producing over 12 hours of programming each day and achieving gross revenues of $45 million on an annual basis.
In May, 1987 Rob, with the key assistance of TCI Cable CEO John Malone, negotiated a merger of Park Avenue Distributors, Black Entertainment Television (BET), Close Out Merchandise Buyers (COMB) of Minneapolis, Minnesota and a new venture just started by Joseph Segel, called the Cable Value Network (CVN). The Board of Directors of Park Avenue Distributors rejected the merger and decided to sell. Subsequently, Segel and Malone were able to acquire elements of Park Avenue Distributors operations to merge into their new company, now named Quality, Value & Convenience (QVC).
In 1988 Rob moved into the luxury wholesale and retail business and opened Arrelle Fine Linens. Arrelle was one of the nation’s first retail and wholesale outlets for couture home decorating textiles. Rosenberg established a brand and developed the nascent market for the imported products and established supplier relationship from producers in Italy, France, Switzerland, Germany and other European countries.
Over the next twenty years, Rob grew and diversified Arrelle Fine Linens to became among the most prestigious and successful retailers in its niche nationwide. In 1998 Rob and Arrelle Fine Linens were recognized by the Home Fashions Products Association in New York as “Retailer of the Year.” Rob graduated from the University of Michigan – Ann Arbor, with a Bachelor of Arts - History degree with high honors in 1984. He lives in Chicago with his wife and son.