NEOacq invests in companies with the goal of creating value over the long-term. NEOacq seeks lower middle market businesses where it can add value based on the significant operational experience and contacts of its principal and its advisors. NEOacq is the ideal acquirer for sellers concerned about stability for their existing employees and continuity of operations for their customers. NEOacq is interested in evaluating all opportunities, but primarily seeks companies in the following industries: niche manufacturing, software/SaaS, B2B services, distribution/eCommerce, and materials handling/logistics. Distressed situations will be considered.
Who We Are
NEOacq is headed up by Dale Mesnick. Mr. Mesnick has over 30 years of experience in executive and financial management, strategic planning, and process improvement. Mr. Mesnick currently provides advisory services to startups/early stage companies, small businesses and business owners, and to schools. Mr. Mesnick previously served as Chief Operating Officer of Smart Solutions Inc., an information technology company providing solutions to the public sector, commercial sector, and educational markets worldwide. In this capacity, Mr. Mesnick oversaw complete operations during the company's fastest period of growth and developed and nurtured critical partnerships with high level industry leaders (e.g., Microsoft, Hewlett-Packard, Cisco, IBM, et al). Additionally, he handled multiple acquisitions, spin-offs, and divestitures. Mr. Mesnick also has served as Chief Financial Officer, leading the accounting, finance, risk management, logistics, purchasing, marketing, HR, personnel, benefits, facilities, and administrative teams. Prior to his 20+ years in executive management, he spent five years in consulting and public accounting and three years in industry. Mr. Mesnick is a graduate of Kent State University (BBA in Accounting and Business Management) and the Case Western Reserve University Weatherhead School of Management (MBA).
James Domingo is a 30-year veteran of global business with experience strategically growing companies ranging in size from $1 million to over $1 billion in revenue. Mr. Domingo has particular expertise in business development, global strategy, market entry, channel partner selection and development, regulatory compliance, and technical procurement. Since 2010, Mr. Domingo has been running a successful boutique consulting firm focusing on business development for B2B manufacturing firms. He previously served as President and Representative Director of Swagelok’s operation in Japan. His 20-year corporate career encompassed a variety of roles including mechanical engineer, product manager, technology center manager (Japan), business development manager, and regional manager, Asia/Pacific. Mr. Domingo holds an MBA from the Weatherhead School of Management at Case Western Reserve University and a BS in Mechanical Engineering from the University of Toledo. His language capabilities include Japanese, as well as mandarin Chinese studied at the Thunderbird School of Global Management.
NEOacq has five advisors with combined business ownership and executive management experience of nearly 250 years in manufacturing, logistics, engineering, and information technology. NEOacq also benefits from the experience and expertise of advisors from the realms of academia, investments, and insurance.
Roger Breedlove, Owner and Principal, Willow Oak Operating Partners
As Owner and Principal of Willow Oak, Mr. Breedlove provides hands-on operational expertise from a General Manager/Owner’s perspectives for lower middle market manufacturing companies, with a focus on highly engineered products. Additionally, Mr. Breedlove is part owner of several manufacturing companies, and has held executive positions with several companies, including: Transcon Conveyors, Hilite International, Northern Stamping, FoamSeal & Novagard, and SOHIO Industrial Products. Prior to his corporate experience, Mr. Breedlove worked at Booz Allen. Mr. Breedlove has a BA from San Francisco State University and an MBA from Carnegie Mellon.
Scot Lowry, President & CEO, Fathom
Prior to Fathom, Mr. Lowry held leadership positions with complex service organizations in real-estate development, construction management, finance, sports and recreation facilities and health care information technology. Mr. Lowry studied Finance and Entrepreneurship with degrees from the University of Florida (BS) and the Weatherhead School of Management at Case Western Reserve University (MBA). Mr. Lowry is on the boards of Promise Partners Entrepreneurship Incubator, BVU’s Center for Non-Profit Excellence, Engage!Cleveland Young Professional Catalyst and The Congregation of St. Joseph’s River’s Edge Center for Reflection and Action. Mr. Lowry is passionate about creating scalable, purpose–rich cultures that encourage people and organizations to reach for their full potential, capture their dreams and make positive contributions in the world.
Patrick Morris, President, Colonnade Distribution Limited
Mr. Morris has extensive management and mergers and acquisition experience with Colonnade, as an executive with NCS Healthcare, as owner of an internet startup, and as a partner specializing in mergers and acquisitions with Calfee, Halter & Griswold LLP. Mr. Morris is a past Managing Director of the Promise Partners organization. Mr. Morris is a graduate of Trinity College (BA) and CWRU School of Law (JD).
Robert Schneider, Chairman, ARS Ventures
Prior to ARS Ventures, Mr. Schneider was Chairman and CEO of Patio Enclosures for forty years. He has over fifty years of business and teaching experience. Mr. Schneider has taught Accounting and Marketing at John Carroll University and The Ohio State University. He has an extensive background in manufacturing, retailing, advertising, sales management, remodeling, and real estate development. Mr. Schneider has sat on several Not for Profit boards. He is the 2013 recipient of the Cleveland Foundation's Goff Philanthropic Leadership Award. Mr. Schneider is a 1994 recipient the Inc. Magazine Entrepreneur of the Year Award. Mr. Schneider has a Bachelors' degree from Miami University and an MBA from the Stern School at New York University.
Larry Sears, Founder, Hexagram, Inc.
Mr. Sears founded Hexagram, Inc. (now ACLARA Technologies LLC), one of the leading providers of wireless systems for automatically reading utility meters. Mr. Sears holds or co-holds over twenty patents relating to a variety of industrial, commercial, and communications products. He is an adjunct professor in the Department of Electrical Engineering and Computer Science at Case Western Reserve University, where he is involved in the promotion and support of entrepreneurship and innovation. Mr. Sears received a BS in Electrical Engineering from Case Institute of Technology and is a Senior Member of the IEEE.
NEOacq emerged from the Promise Partners organization (www.promisepartners.biz). Promise Partners was founded by Professor Richard L. Osborne in 1990 to bring together a select group of entrepreneurial graduates from the Weatherhead School of Management at Case Western Reserve University (CWRU).
Candidates for Promise Partners are nominated and selected for membership based on their passion, potential and “promise” to become business owners. Members meet regularly to cultivate the special characteristics and experiences that facilitate an entrepreneurial mindset and brand of leadership necessary to successfully locate, buy and run a business. Special emphasis is placed on developing the professional and financial resources needed to “launch a search.”
Since the group's inception, Promise members have started or acquired over seventy companies.