Mackinac Partners, a leading financial advisory and turnaround management firm, is pleased to announce that investment banking executive and investor Todd J. Zelek has joined the firm as a Senior Advisor.
Zelek brings significant experience advising clients on M&A activities, capital raising and value enhancing strategy development to Mackinac Partners. He has over 30 years of business experience as an operator, investor, director, financial advisor and investment banker across many industries. Zelek has held top level positions that include Chairman and CEO of Cavitation Technologies, a global industrial technology company with a significant patent portfolio; outside Director at AgFeed, Inc., a global hog production and agricultural firm; and investor and advisor for Affordable Residential Communities, Teton Club and Hamilton Pacific.
Zelek was also formerly an investment banker and a Managing Director, Internet Group Head and Co-Head of the Los Angeles investment banking office for Lehman Brothers where he also headed the Internet Media and Services Group and led the Emerging Growth Company effort for small to midsized companies. Zelek also spent seven years at Salomon Brothers as a Managing Director in the Financial Institutions Group and head of the Thrift Industry practice, focusing on mergers and acquisitions and capital raising.
“We are extremely pleased to have an executive of Todd’s caliber and experience join our team” said Jim Weissenborn, Mackinac Partners’ Co-founder and Managing Partner. “Todd has tremendous cross industry experience as a C-level operator, Board member, investor and advisor. He has a unique perspective and keen understanding on what is involved when helping public and private companies transform their businesses” Weissenborn added. “We look forward to integrating and leveraging his expertise in our practice.”
As Chairman and CEO of Cavitation Technologies, Zelek negotiated marketing and technology agreements with two major European companies as well as arranging a significant long term funding commitment from one of its primary partners. As an outside director at Agfeed, Inc., Zelek led the Board’s effort to restructure the Company which culminated in the successful sale of both the US and Chinese operations. Zelek also led the buyout group that acquired Hamilton Pacific, a financial services electronic security products and vaults provider, and after doubling revenue, the company was successfully sold to Swiss security company Securitas AG.