MIKE VEA

Experience

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  JP Morgan Chase/First Chicago

  Jun 1981 - Jan 1991

  Investment Banking/Corporate Finance, Middle Market with niche in Royalty tax acquisition structures

  Specialty services in non-traditional banking areas including investment banking, asset-based, project finance, corporate finance, advisory, treasury management, international, leveraged and structured finance.

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  Star Bank, now US Bank

  Jan 1991 - Aug 1994

  Senior Vice President, Developed and Implemented new successful Sales Process

  Managed Middle Market and National lines of business. Developed and improved the bank's sales and relationship profitability processes. Developed plan to prevent a hostile takeover by local rival. Then spent six months identifying and implementing efficiency actions that improved profits by $33 million. It became the springboard for Jerry Grundhofer and his team to join the bank and take it from a good bank to a great bank. Star Bank was the initial platform that is now US Bank.

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  Bank One Cincinnati, N.KY, Dayton

  Aug 1994 - Nov 1999

  CEO, Unique Blue Chip High Growth Strategy

  CEO for Bank One affiliate in Cincinnati and Northern Kentucky. Bank One's initial organic growth platform. Grew from 4% to 15% market share through new strategies focused on young adult and middle market niches. Blue Chip campaign.

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  National City Bancshares

  Oct 1999 - Mar 2009

  Chairman, CEO & President, Director (Turnaround to Growth Strategy)

  Chairman, CEO, and President for a $3B+ regional bank, restructured and recapitalized the business, created a more valuable brand, and launched growth initiatives. Improved ROA from .4% to 1% and ROE from 4% to 19% financial crisis. Phases included assessment, consolidation and turnaround, then profitable growth through two niche initiatives. Leadership development-8 former executives now leading other organizations. Company subsequently sold.Active civic leader on numerous Boards with focus on Education, Healthcare, and Economic Development Show less

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  Evansville Vanderburgh School Corporation (EVSC)

  Jul 2004 - Dec 2008

  Lead Change Agent

  Lead Change Agent for the transformation of 3rd largest public-school system in IN from bottom performer to excellence. In 4 years, moved from a 70% failed referendum to a 70% approved referendum for a $149 million expansion with improved student results. Chaired a 68-member community group that formulated performance improvement strategies that became model for improved image, focus, and results including hiring a new Superintendent and revamped School Board. Our Superintendent is now leading the nationally recognized Project Lead the Way (PLTW) focused on k-12 STEM advancement. Show less

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  INvested, formerly IN Secondary Market for Student Loan (ISM)

  Dec 2008 - Sept 2016

  Lead Director, Turnaround Story

  INvested is a non-profit providing a) financial advice to post-secondary students and parents, and b) post-secondary funding through student loans and Income-Sharing Agreements (ISA). Appointed by Governor. Transformed balance sheet from large losses during financial crisis to a sizeable investment portfolio that now funds many IN post-secondary education programs. Closely connected to Commission for Higher Education, Workforce Development, and Governor's and Legislator's Agendas. I continued to serve on Board Executive Committee until term expired in December 2023. Show less

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  Independent Advisor

  Mar 2009 - Oct 2012

  Business Advisor

  Advised several businesses on strategy, sales, and efficiency. Examples include; 1) opening doors for start-up on-site health clinic and separately for a pharmacy cost reduction company, 2) efficiency projects for financial service companies, 3) strategic planning for several service and light manufacturing businesses.

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  Lewellyn Technology

  Nov 2012 - Aug 2017

  CEO & Co-Founder, Inc 5000 multiple Winner

  Achievements: Within 5 years, Revenue increased 2.5x and EBITDA 4x. Lewellyn platform received 5 straight Inc 5000 revenue growth awards. Sold to 2nd PE firm late 2017 at attractive 6x multiple. Purchased Lewellyn Technology with 1st PE firm late 2012. Converted from a regional two service provider into a nationwide 6 service platform focused on Fortune 1000 companies. Company Description: Lewellyn Technology is the 70E Electrical Safety industry expert specializing in Arc Flash Analysis, Training, Written Safety Programs, and Electrical Preventive Maintenance including Infrared and Mitigation. Lewellyn Technology is an industry leader in Combustible Dust Consulting including testing, DHA's, Design Engineering, and Training. Lewellyn is the only company that does A-Z in electrical safety and combustible dust. The company does business throughout North America and has partner capabilities in many foreign countries. Show less

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  SEAM Group, LLC

  Aug 2018 - Oct 2019

  CEO & Founder, Inc 5000 Multiple winner

  In August 2018, acquired Predictive Services (with 2nd PE firm) which more than doubled our size creating the largest Safety and Reliability platform. Stayed on as CEO and completed the first year integrations including name change to SEAM Group and rebuilt operations, systems, benefit plans, and sales/marketing platforms. Transitioned Fall 2019 to long-time business associate. ABB is scheduled to purchase SEAM Group in Q3 2024. SEAM Group is a global leader in Safety, Reliability, and Maintenance with the following services a) Electrical safety including Arc Flash, Preventive Maintenance, Infrared, and Training, b) Lockout/Tagout, c) Combustible Dust safety, d) Condition Monitoring including Vibration/Ultrasound, e) Asset Management and Reliability for manufacturing and process companies, f) Facility Services that provide nationwide break, fix and maintenance services, and g) EV Fleet charging networks (design, build, and maintain). Industry leader in electrification and fixed asset life maximation. Show less

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  Various Companies

  Aug 2019 - Jul 2024

  Advisor to several niche technical and engineering focused businesses.

  Advisor/ growth Investor in several privately held businesses in sales acceleration, engineered manufacturing, and transportation. I help with growth strategy, efficiency improvements, and acquisition analysis.

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  Vea Family Office

  Jul 2022 - now

  Chairman

  Vea Family Office has three functions: 1) Purchase technical niche service businesses in Central IN, 2) Grow our existing Portfolio Companies, and 3) Advise and Invest in technical service businesses in the Midwest with existing owners

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  Rowe Transport, Inc

  Jul 2022 - Jul 2024

  President and Owner

  Rowe Transport is a freight logistics broker specializing in flat bed transportation. Our strength's are high quality service, long standing relationships with primarily family run responsible carriers, and attractive payment terms. Manageable growth through referrals. We are continuing the family-oriented approach that previous owner achieved during the last 40 years.