PLYMOUTH MANAGEMENT COMPANY
FOR IMMEDIATE RELEASE – May 10, 2010
CONTACT: Mark Horne, CEO
Ann Arbor, Michigan 48104
(734) 747‐9401 phone/ (734) 929‐1811 fax
Plymouth Venture Partners II, L.P. Advisory Committee Begins Work on New Fund
Mark Horne, Managing Partner of Plymouth Venture Partners II, L.P. announced today that PVPII’s Advisory Committee has been formed and managed its first meeting. The Committee, made up of Jim Barrett, Ron Thompson, Harry Cendrowski and Paul Zlotoff met last Monday and reviewed PVP II strategy, and discussed operating procedures for the committee going forward.
The committee is chaired by Jim Barrett. Jim was President and Chief Executive Officer of the Michigan Chamber of Commerce since 1976 until his retirement in 2008. He was also President of Michigan Chamber Services, Inc., which provides educational seminars, publications and insurance services for the business community; and President of the Michigan Chamber Foundation, which is involved in leadership training, an annual Public Policy Forum and research on public policy issues. Mr. Barrett is founder and President of Management and Marketing Advisory Services, LLC established in July 2008. He currently serves clients in business, education, politics, foundation administration, and land use. Mr. Barrett serves on a number of public and private Boards, including current service as Chairman, Board of Trustees, for Ingham Regional Medical Center and Director and Secretary, McLaren Health Care Corporation. Jim has received numerous recognitions, including Initial Inductee into the Michigan Society of Association Executives Hall of Fame (2002); and selection by the Michigan Political History Society as the top Association Leader in Michigan over the last 50 years (2003). Mr. Barrett has an Associates Degree in Business, a Bachelors Degree in Financial Administration, and a Masters Degree in Management.
Jim is joined by Ron Thompson, Paul Zlotoff, and Harry Cendrowski on the Committee. Ronald L. Thompson currently serves as the non executive Chairman of the Board of Trustees of Teachers Insurance and Annuity Association (TIAA) and as a Director of the new Chrysler Group LLC. Mr. Thompson is the retired Chairman and CEO of Midwest Stamping and Manufacturing Company. Under his ownership, the company experienced rapid growth as a first tier supplier of automotive and light truck structural components. The company’s primary customers were Japanese OEMs. He successfully sold the company in late 2005. Prior to acquiring Midwest Stamping, Mr. Thompson served as Chairman and Chief Executive Officer of a specialty manufacturer of defense and railroad equipment, The GR Group, which he acquired in 1980. He is an experienced leader in corporate governance. He is a former member of the Board of Directors of McDonnell Douglas Corporation, Ralston Purina, RyersonTull, Commerce Bank of St. Louis, Illinova, Interstate Bakeries, and the National Association of Manufacturers. Throughout his career Mr. Thompson has received numerous awards and recognitions, including recognition by President George H. Bush as the National Minority Entrepreneur of the Year in 1989. He grew up and was educated in Michigan. He has a Doctor of Philosophy and a Master of Science in Agricultural Economics from Michigan State University and a Bachelor of Business Administration from the University of Michigan.
Harry Cendrowski, CPA ABV CFF CFE CVA CFD CFFA, is a founding member of Cendrowski Selecky PC, Cendrowski Corporate Advisors and The Prosperitas Group. Over his 30 year career, Harry has worked hand‐in‐hand with private equity funds, attorneys, businesses, and nonprofit organizations to address their needs. He is a veteran of the private equity and venture capital industries, where he has implemented back and middle office operations for private equity funds and performed due diligence and operational assessments of potential portfolio companies. He is the co‐author of three textbooks, including “Private Equity: History, Governance, and Operations,” published by John Wiley & Sons. Paul Zlotoff is Chairman of Uniprop, a real estate equity investment firm involved in commercial and residential properties. Paul is responsible for the firm’s strategic direction and handles all institutional relationships.
Based in Birmingham, Michigan, Uniprop is one of the largest owners of manufactured home communities in the nation with 34 communities in 11 states. Paul is also Chairman of Wingspan Capital, a buy‐out firm investing in manufacturing companies throughout the Midwest, most recently leading the investor group in the acquisition of the Calvin Klein furniture licenses for North America. Chairman Jim Barrett commented that he “looked forward to working with this fine team to guide PVPII down its path to success.” About Plymouth Venture Partners II, L.P. Fund II is a follow‐on fund to Plymouth Venture Partners Fund I. PVP I became fully invested in 2009 after completing its new investment cycle in 29 companies. Fund II invests in growth stage companies in the Great Lakes region, ready to take their next growth step.