Wednesday, September 3rd, 2014
7:00 a.m. — 9:00 a.m.
Westlake Village Inn
31943 Agoura Road, Westlake Village CA
California's Auto Industry — Still Accelerating, or Headed for a Slowdown?
Despite Toyota’s decision to move its U.S. headquarters from Southern California to Texas, automobile-related jobs and economic activity in California remains healthy. Tesla employs more than 6,000 in the state, several global car companies maintain design studios here, a network of small and large companies produce everything from high-performance engine parts to customized vehicles, and with 1,300 new-car dealerships we have more than any other state.
But given the cost of doing business in California, and its reputation as less-than-business-friendly state, is the future of the auto industry here going the way of Toyota or of Tesla?
Come hear the answers from a panel of industry experts at the September 3rd breakfast meeting of ACG 101, at the Westlake Village Inn.
Our panelists will include:
Jim Middlebrook, CEO of Vortech Engineering, Inc., in Oxnard.
Mark Sommer, President, Del West USA, Valencia.
J. Michael Issa, Principal, Glass Ratner Advisory & Capital Group LLC, Irvine.
Ron Weaver, Founder and CEO of Automotive Designs & Fabrication, San Fernando.
Our moderator will be J.D. 'Jamey' Power IV, Former Senior Vice President and Strategic Advisor at J.D. Power and Associates, and currently Managing Director of Power Family Enterprises.
Mr. Middlebrook is Founder and CEO of Vortech Engineering, built his first go-cart at age nine, went on to build race car engines for Honda, and launched Vortech in 1990. It began as a distributor of other firms’ products, but soon began producing its own line of superchargers and performance-enhancing engine accessories.
Mr. Sommer is President of Del West USA and vice president of Del West Engineering, Inc., a leading manufacturer of high-end precision products. Formed in 1973 as a small machine shop to make titanium aerospace parts, Del West soon expanded into high-performance parts for auto racing engines. The company’s components are now used in race and street cars, motorcycles, dirt bikes and ATVs. Mark has been with the company since 1997, and was named president in 2010. He is a graduate of UC Berkeley and has a Master’s in mechanical engineering from CSU Northridge.
Mr. Issa, Principal of Irvine-based Glass Ratner Advisory & Capital Group, is a nationally recognized turnaround expert who has led consulting and professional teams involved in over 100 corporate rehabilitations, including automobile and RV dealerships, auto parts distributors and other auto industry companies. He has personally supervised the acquisition and/or disposition of over 50 businesses, and has personally managed several billion dollars of debt restructuring and financing. A certified public accountant and Chapter 11 Bankruptcy Trustee, Mr. Issa has taught at the business schools of two universities.
Mr. Weaver is Founder and CEO of Automotive Designs & Fabrication. Its San Fernando shop turns utilitarian Mercedes Sprinter delivery vans into luxurious limousines or mobile offices that can feature leather seats, high-end audio and video systems and much more. The company also produces modular kits that enable new-car dealers to perform some van conversions themselves at prices ranging from $10,000 to $60,000.
Mr. Power is the former Executive Vice President of International Operations at J.D. Power and Associates. He is the son of founder Dave Power, and is the co-author of "Satisfaction: How Every Great Company Listens to the Voice of the Customer." A graduate of the University of San Diego, he began his career in the advertising business and joined J.D. Power in 1990. He oversaw the company's international expansion, and facilitated its transition from a private business to becoming part of The McGraw Hill Companies.
Registration: $35 for ACG Members, $65 for others. $10 additional at the door.
ACG 101 Members: Jumpstart Your Career or Candidate Search With JobSource!
ACG 101 Corridor Chapter is pleased to provide to its members ACG JobSource, an online resume and job posting service created to bring talent and opportunity together in the middle-market M&A and corporate growth community.
ACG JobSource affords employers and recruiters access to highly qualified professionals with relevant work experience to fulfill staffing needs, and enables candidates to post resumes and manage their job search. Click to read more...
ACG 101 is one of the fastest-growing chapters of The Association for Corporate Growth, the premier international organization for professionals involved in corporate growth, corporate development and mergers and acquisitions. ACG 101 serves corporate executives and professionals in the West Valley-Ventura County-Santa Barbara areas.
Members of ACG are CEOs, CFOs and COOs of middle market or growing corporations, as well as members of the professional services companies that serve these corporations, such as private equity firms, investment bankers, lenders, attorneys and accountants. ACG has nearly 12,000 members representing 5,000 companies in 53 chapters throughout North America, Europe and in Mexico.
ACG 101 Corridor
3835-R E Thousand Oaks Blvd, #219
Westlake Village, CA 91362
For more information on ACG, click here.
Crowe Horwath LLP
LJR Consulting Services
Stubbs Alderton & Markiles
J.P. Morgan Private Bank
Women in Corporate Growth
M&A Capital, LLC
People Media Worldwide, Inc.
800.600.7111 x 224
Bret G. Anderson
Ferguson Case Orr Paterson LLP
805.659.6800 x 241
Proactive Professional Solutions
Elsa R. Burton
Women in Corporate Growth
CitiBank Commercial Bank
Wells Fargo Commercial Banking
Justin Schneir, CLCS
SGB NIA Insurance Brokers