Overview
Thunderbird LLC is a General Partnership formed in 1999 by Kevin Prunsky and John Newell to hold selected assets used by Pollution Control Industries (PCI). PCI was founded by Prunsky in 1986 to manage industrial waste using advanced, environmentally beneficial technologies. In 2008, PCI had revenues in excess of $60,000,000 and employed approximately 400 employees. On May 30, 2008, the primary shareholders of PCI (Prunsky and Newell) sold PCI to Tradebe Environmental Services, SL, a privately held Spanish corporation.
Thunderbird is now focused on seeking opportunities to expand their portfolio where their skills as owners and operators can be leveraged toward growth and profitability. They will use their experience to invest in businesses where their financial, marketing and management skills can be fully utilized.
Business Characteristics
• Active management of investment
• Seeking long-term investment
• We are not a Private Equity firm, all Capital comes from the Partners
Investment Interests
• Turnaround situations that require new Capital and Management
• Strategically sound yet financially or operationally challenged firms.
JOHN NEWELL
After a career as a commercial lending officer with American National Bank in Chicago (now JP Morgan Chase), Mr. Newell joined PCI in 1992 as its Chief Financial Officer. In 2002, he became President and CEO. Mr. Newell holds a BS from Illinois State University and a MBA from Loyola University of Chicago and presently serves as CEO of Metal Impact LLC and F & B MFG LLC.
Mr. Newell brings his own unique skill set to the Partnership including extensive financial management, strategic budgeting and planning, insightful analysis and the management tools that enable strategic investments to grow in tough economic and competitive environments. He is also on the Board of United Trust Bank in Palos Heights Illinois and President of its holding company.
Mailing Address
Thunderbird LLC
1501 Oakton
Elk Grove Village, IL 60007
Phone: 708-278-8118
METAL IMPACT LLC
In January of 2010, Thunderbird acquired Metal Impact Corporation of Elk Grove Village, IL (now Metal Impact LLC). Metal Impact is a producer of aluminum impact extrusions and cold forged steel products. The company has been in business since 1959 and occupies a 167,000 sq. ft. manufacturing facility located 15 minutes from Chicago's O'Hare International Airport. Manufacturing capabilities are complete with numerous presses up to 1,500 tons and a variety of state-of-the-art tool fabrication technologies. Additionally, the company offers a complete machining service for customers who require finished parts machined to tight tolerances. Today, the company serves the aerospace, automotive, military/defense, agricultural and consumer products industries.
Thunderbird acquired Metal Impact in a Private UCC sale. At that time, sales were down; employee morale was low, key employees were leaving and long time customers were looking elsewhere for impact extrusions. Within one year, Thunderbird with key management turned Metal Impact around. Today, even under challenging economic and market conditions, Metal Impact is a new company, with renewed optimism and a new vision for the future. Customers have returned, sales and profitability targets are being met and a renewed sprit of optimism has returned to the management and manufacturing teams. Metal Impact is back to being an industry leader in the aluminum impact industry.
F & B MFG LLC
On May 31, 2011, Thunderbird acquired F & B MFG (now F & B MFG LLC), a Phoenix Arizona based manufacturer of highly specialized, precision based parts and sub-assemblies for the aerospace (commercial, military and business jet) and semi-conductor industries. F & B has been in business for nearly 90 years and specializes in making components for engines, auxiliary power units and environmental control systems using Hydroforming processes. F & B owns one of the largest and most complete Hydroforming facilities in the country. F & B maintains several special process approvals from its customers and possesses four Nadcap certificates (Heat Treating, Welding, Laser and Non-Destructive Testing).
Thunderbird acquired the assets of F & B from the original founding family. The company has a strong management team, been profitable, but lacked the capital to expand the business. Thunderbird will work with management to identify opportunities for growth in the markets already served and seek new markets where hydroforming and the need for Nadcap certifications are necessary.
KEVIN PRUNSKY
Mr. Prunsky founded PCI in 1986 with 7 employees and a single location. Through vision and skillful management, Mr. Prunsky built the company into one of the largest waste management firms in the US. He was the Chairman of the Board of PCI until May of 2008.
Mr. Prunsky is unique among corporate leaders. His insights and experience enable him to foster innovation, implement change and build organizations to achieve beyond their own expectations
Presently, Mr. Prunsky serves as Chairman of the Board of Metal Impact LLC and
F & B MFG LLC. In addition to his executive responsibilities, Mr. Prunsky evaluates additional investment opportunities, specifically turnarounds requiring vision, capital and management.
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