Dave Stanger is a uniquely skilled executive with RRA Advisors consulting clients in M&A, Turnarounds, and other endeavors to increase value for their shareholders.
Prior to RRA Advisors, Stanger was with TSYS Acquiring Solutions. Stanger transformed the “out of control” terminal deployment subsidiary in his roles as Controller (of the parent) and subsequently as General Manager of this subsidiary. The business recovered over $10 million of cash from the balance sheet by implementing lean inventory management techniques (80% reduction) and repairing the broken invoicing and collections process (reducing DSO from 90+ to 35). In the first 7 months as GM, Stanger’s team completed a “runaway” JDEdwards ERP implementation that was several million dollars and 2 years beyond the plan. His tenure as GM was highlighted with the creation of industry alliances, increased client and employee satisfaction, lower costs, higher quality, and the first major new contract in over six years. Stanger subsequently moved to a corporate role in business development which included an acquisition, a divestiture, and development of an alternative payment processing line of business.
Stanger’s tenure at KW Products began as consultant. He partnered with the CEO in acquiring the US operations of Beisbarth GmbH. Stanger followed on to manage the acquired operation and integrate it back into the parent’s business. Stanger moved into the joint roles of General Manager and CFO where manufacturing productivity increased 22%, the company created a new commercial website using only internal resources, and the company returned to breakeven for the first time in two years.
As the senior financial officer at CompuBank NA, Stanger inherited for a general ledger that the Big 4 auditor deemed “unauditable.” Within 5 months, the accounts were materially reconstructed, an unqualified opinion was issued, and two years of restated Call Reports were filed with the OCC. In parallel, the bank’s deposits were growing exponentially (stressing reserve ratios) and the bank was faced with the choice of raising capital or selling. With the Board’s decision to sell, Stanger took the financial lead in the sale of the accounts and the subsequent liquidation of the bank’s assets.
Stanger was with First Data Corp for over 14 years. During that time the company grew on average 24% per year. Stanger was most often engaged in domestic business growth initiatives, and also filled key financial roles in the expansion to Europe and Australia. Stanger also exercised technical acumen by implementing an Oracle ERP with a custom billing application to achieve the requirements of a broad process reengineering. Stanger went on to be CFO for a retail card processing business unit, and for the Innovis Data Solutions acquisition.
Stanger began his career with Caterpillar as a management accountant in support of design and manufacturing engineering for new products. He progressed to chair the cross functional Cost Reduction Committee with a dotted line into the Chief Engineer.
Stanger is a graduate of the University of Iowa with majors in Accounting and Management Science.