Bob Patterson is an Operating Partner with 1847 Holdings LLC. Bob has extensive experience providing leadership for small to mid-cap growth investments in specialty retail and service industry. Prior to 1847 Holdings, LLC, Bob has served as Operating Partner for Parallel Investment Partners (Dallas, TX) and Blackstreet Capital (Chevy Chase, MD). Bob understands that success in his role requires that people, process, and technology is aligned with the strategic objectives of an organization and that shareholder value is increased through execution of the investment thesis.
Currently, Bob is President/CEO for the 1847 Holdings’ investment in Asien’s Appliance. Located in Santa Rosa, California and founded in 1948, the Asiens provides a wide variety of appliance services including sales, delivery, installation, service and repair, extended warranties, and financing to the North Bay.
Previously Bob was the COO/CTO for TLA Acquisition. TLA is a $35M specialty retailer with 47-stores in six western states and a growing eCommerce business. With TLA Bob lead projects to add 30 stores through acquisition and opened seven new locations. Bob also lead efforts to revitalize an ecommerce business struggling to compete. In 2010 Blackstreet Capital acquired Jackson & Perkins and Park Seed Company in Greenwood, SC saving
300 jobs for the community. Bob was boots-on-ground serving as the COO/CTO for JPPA, Inc in the first two years of the successful turn-around. Bob’s effort focused on all aspects of the struggling 150-year-old company, adding eCommerce / digital advertising capabilities, rightsizing the catalog business, upgrading the ERP platform while materially lowering the TCO.
As Operating Partner for Parallel Investment Partners, Bob managed strategic projects for portfolio companies; Fragrance Outlet (TFO), Moosejaw, and Quartermaster. Bob has also served as agent for the receiver where he was brought in to operate distressed businesses and execute on a transition plan.
In 1995 Bob joined Kennedy-Western University (KWU) as COO/CIO and lead a strategic initiative to transform a $2.5M correspondence school into one of the largest and fastest growing adult learning online service providers of that time.
Bob earned his Bachelor’s degree from the University of California, San Diego. After college Bob started with Teledyne Systems Company in engineering and IT roles. Bob then managed IT Development for Glendale Federal Bank.
Ken Yuan is an Operating Partner to 1847 Holdings LLC. Ken has a diverse experience in growth strategy development, financial operations, corporate restructuring, and private equity investment. He has advised and operated both distressed and non-distressed companies in industries such as retail, manufacturing, and telecommunications. Ken also founded Spinningbook, LLC, an advisory services firm that provides investment, financial, and operational advisory.
Prior to working with 1847, Ken was the Head of Strategy at FedEx Supply Chain; he led a team of analysts and worked closely with the CEO office in developing growth strategies. Ken was the president of American Plastics, a provider of medical-grade materials and services to the Orthotic & Prosthetic industry. He led the company in developing new product-offerings and expanding its customer base; because of Ken’s effort, American Plastics’ sales grew by more than 10% and its EBITDA grew by more than 15% in less than two years. Ken successfully helped the owners of American Plastics exit the business by selling it to a strategic buyer.
Previously, Ken was a Director with Alvarez & Marsal North America, LLC., a global professional services company. At Alvarez & Marsal, Ken developed and executed a vendor management strategy for a $14 billion, tier-1 automotive supplier in securing a $135 million bankruptcy court vendor relief; negotiated a $120 million senior debt facility for a corrugated packaging company; developed a POS system implementation play for a $300 million oil-&-lube franchisee for its bankruptcy restructuring.
Ken worked at TPG Capital, a global, large-cap private equity firm. His work at TPG focused portfolio-company performance, and operational analysis; his operational portfolio included companies such as Neiman Marcus, Petco, and Debenham. Ken worked closely with TPG’s operations team and portfolio-companies in identifying operational issues. He also worked with TPG’s China/Hong Kong office.
After graduate school, Ken joined Braxton Associates, the corporate strategy practice of Deloitte Consulting, in Dallas, Texas. While working at Deloitte/Braxton, Ken focused on functional areas of strategic planning, market growth and customer retention, channel strategy, and financial restructuring. After leaving Deloitte, Ken joined XRoads Solutions Group, a national turnaround and advisory services firm.
Ken holds a Master of Business Administration from Southern Methodist University and a Bachelor of Science degree in Economics from the University of Utah. He is fluent in Mandarin Chinese and has a basic knowledge of Japanese.
Rick is a Partner of Park North Capital. Rick and Sean Dorsey founded Park North Capital to leverage their operational and financial expertise to stakeholders who need assistance with special or challenging situations. We add value by delivering capital as well as high-level financial and operating expertise.
Rick is also the President of Point North LLC, a business advisory service specializing in financial and operational turnaround, restructuring, transaction advisory services, and crisis management. Rick has held senior officer level positions in both the public and private sectors and has led organizations through periods of great uncertainty and organizational change. Point North’s partial list of clients and roles include: 1847 Holdings (Goedeker’s): Advisory Role, Nebraska Book Company (NBC): Chief Executive Officer, Anna’s Linen’s: Chief Financial Officer, Love Culture: Chief Restructuring Officer, and The Grayson Company (TGC): Advisor.
Prior to forming Point North, Rick was President and CEO of Dots. Over his 15-year career at Dots, Rick helped grow this small regional close out retailer into a national specialty woman’s brand with over 400 stores in 28 states. Rick led three sale processes culminating in an outright sale of the business to a global private equity fund.
Mr. Ladt is the Vice-President of a twenty five year old woman owned family Consulting business, Ladt Consulting Services, Inc. Since joining the firm is 2012 as its Vice-President, Mr. Ladt has worked with numerous companies helping them to scale up through the use of people, processes and procedures. Prior to joining Ladt Consulting Services, Inc., he spent twenty years of successful leadership, at President/CEO level, executing winning strategies including global markets. Developed and expanded international sales through strategic alliances. (Built, motivated, and inspired cross-functional teams to embrace change and exceed corporate expectations. Experienced in managing legal, financial, operational, engineering, human resources, quality control, environmental, and occupational safety & health issues). Mr. Ladt was the President/CEO of PeTroCoke, Inc. from 1993 – 2012, which supplied an alternative fuel to fortune five hundred companies in the pulp and paper industries. Mr. Ladt simultaneously served from 2006 to 2011 as President/CEO of two other companies, AAA Fabricators and PEBCO (a worldwide manufacturer of bulk solids handling equipment and loading systems for ships and trains.). (He had overall responsibility for the environmental compliance, engineering, manufacturing, design teams, sales, and finance.) He traveled internationally developing the customer base and overseeing start-ups. Mr. Ladt received a BS in Chemical Engineering from Georgia Institute of Technology and an MBA from Vanderbilt University.
Dan Brown is the CEO of Wolo. Prior to Wolo, Brown was vice president of marketing for AGS, a leading manufacturer of specialty lubricants, adhesives and aftermarket brake, fuel, and transmission lines. At AGS he was responsible for leading, developing, organizing, and managing multiple teams. Previously, Brown was executive vice president of Premium Guard, a global sourcing platform for automotive replacement parts, where he was responsible for all functional product areas for the $60 million annual business. Brown was director of product management at Dorman Products from 2006 to 2017, where he led all aspects of the product team from initial planning through to final execution for multiple product lines. He was also responsible for prioritizing product requirements, defining the vision for the product categories and coordinating with all team members from product, engineering and supply chain in order to ensure that all goals were met. Before being named director of product management, Brown served as a product manager from 2003 to 2006. Prior to Dorman, Brown spent six years as national sales manager for Bosal USA. During his tenure, Brown was responsible for the company’s OEM exhaust system parts replacement program as well as its motorsports and performance exhaust business.
Board of Directors
Paul has served on the board of directors of 1847 Holdings since January 2014. In 2009, Mr. Froning co-founded Focus Healthcare Partners LLC, a Chicago-based private equity investment, advisory and asset management firm targeting the senior housing and healthcare sectors. Prior to that, from February 2008 to October 2009, Mr. Froning was a Managing Director in the private equity department of Fortress Investment Group LLC (NYSE: FIG), a publicly-traded New York-based private investment firm. Prior to that, Mr. Froning was the Chief Investment Officer and Executive Vice President of Brookdale Senior Living Inc. (NYSE: BKD), a publicly-traded affiliate of Fortress Investment Group LLC, from 2005 to 2008. Previously, Mr. Froning held senior investment positions at the private equity investment arms of Lazard Group LLC (NYSE: LAZ) and Security Capital Group, prior to its acquisition by GE Capital Corp., in addition to investment banking experience at Salomon Brothers, prior to its acquisition by Travelers Group, and the securities subsidiary of Principal Financial Group (NYSE: PSG). Mr. Froning has a B.A. degree from the University of Notre Dame. Mr. Froning was selected to serve on our board of directors due to his twenty years of private equity, investment and advisory experience.
Robert has served on the board of directors of 1847 Holdings since January 2014 and has served as Controller of 1847 Holdings’ subsidiary Neese, Inc., since July 2017. From April 2013 until August 2016, Mr. Barry was Chief Executive Officer and Chief Financial Officer of Pawn Plus Inc., a chain of five retail pawn stores in suburban Philadelphia and one pawn store in northeastern Ohio. Prior to that, Mr. Barry served as Executive Vice President and Chief Financial Officer of Regional Management Corp. (NYSE:RM), a consumer loan company based in Greenville, South Carolina, from March 2007 to January 2013. Prior to joining Regional Management Corp., Mr. Barry was the Managing Member of AccessOne Mortgage Company, LLC in Raleigh, North Carolina, from 1997 to 2007. During this time, he also served as part-time Chief Financial Officer for Patriot State Bank, in Fuquay-Varina, North Carolina, from March 2006 to March 2007 and Nuestro Banco, Raleigh, North Carolina, from July 2006 to March 2007. Prior to his time at AccessOne, Mr. Barry was Executive Vice President and Chief Financial Officer for Regional Acceptance Corporation (NASDAQ:REGA), a consumer finance company based in Greenville, North Carolina and prior to that he was a financial institutions partner in the Raleigh, North Carolina office of KPMG LLP. Mr. Barry is a Certified Public Accountant licensed in North Carolina and Georgia. Mr. Barry was selected to serve on our board of directors due to his years of relevant financial and business expertise.
Mr. Tobin was previously a Director of Global Emerging Markets North America, Inc. (GEM), where for 15 years he managed Special Situations and Venture investing for GEM’s Partners Capital Fund. Ed was also a principal and on the investment committee of the MENA Fund, a Shari’ah compliant private equity fund which was a joint venture between GEM and VC Bank, itself a Shari’ah compliant bank based in Bahrain. In addition to these activities, while at GEM Ed oversaw structured finance transactions in industries such as clean tech, consumer/retail, alternative finance, media, telecommunications, manufacturing, retailing, real estate and life sciences. Prior to joining GEM, Ed was Managing Director of Lincklaen Partners, a private family investment office. Previously, he had been a portfolio manager with Neuberger and Berman, managing both pension funds and private client capital in the public equity markets. Prior to N&B, he was a Vice President of Nordberg Capital, Inc. Ed is on the Boards of 1847 Holdings LLC, Peekay Boutiques, Inc., PPI Management LLC, and GEM Holdings LLC, in addition to his various philanthropic activities. Ed received his MBA from the Wharton School, as well as a Master of Science in Engineering and a Bachelor of Science in Economics (cum laude) from the University of Pennsylvania.