EXPERIENCE SUMMARY - Mr. Mankwitz
has years of experience identifying under-valued
companies, purchasing them, and then elevating
them to substantially higher levels of profitability
and enterprise value through his operational and
acquisition expertise.
PROFESSIONAL HIGHLIGHTS / PREVIOUSLY OWNED
COMPANIES
CAMP Systems - In 2000, Mr. Mankwitz
sold CAMP Systems to Boston Venture Partners.
When Mr. Mankwitz purchased Camp Systems it was
an outdated aviation software maintenance company
and he transformed it into an industry leading,
web-enabled, subscription based aviation maintenance
software and service company. Mr. Mankwitz greatly
increased the company's revenues and sold it thirty-two
months after he purchased it. Mr. Mankwitz's investors
in CAMP Systems received a 128% IRR.
While chairman of CAMP Systems, Mr. Mankwitz also
successfully acquired, increased the value of,
and separately sold off two CAMP Systems add-on
companies. The first was AIS, a software company
whose products were used for private and corporate
jet flight scheduling. The second was Certified
Aviation Education (CAE), a flight simulator based
pilot training company.
Altitude Wholesale Company -
Mr. Mankwitz founded Altitude Wholesale Company,
a food and health and beauty aid wholesale distributing
and diverting company, in 1988. He grew the company
to over 50 people producing over $100 Million
a year in revenues in less than five years. In
1993, Mr. Mankwitz sold Altitude Wholesale Company
to Purity Wholesale Grocers Inc., a privately
held company with over $1.5 Billion annual revenues.
Investors received over $13 million in distributions
from the company during Mr. Mankwitz’s term as
Chairman. Under $1,500 was used as initial founding
capital and no subsequent capital contributions
were ever necessary.
Colorado Auto Auction - Mr. Mankwitz
purchased the Colorado Auto Auction in 1980. Before
selling it to Cox Broadcasting's Manheim
Group in 1985, Mr. Mankwitz grew the auction into
the largest auto auction between Los Angeles and
Chicago. Revenue increased from $35 million to
over $80 million and the company went from selling
250 cars to over 1,000 per week. He grew the employee
base from 35 to 125 people, added new facilities
and four new divisions. The Colorado Auto Auction
became the first auction where GMAC ever sold
a car. During this time period, Mr. Mankwitz was
also named President of the Western Auto Auction
Association.
Empire Volvo - Mr. Mankwitz purchased
Empire Volvo in 1973 and transformed it into the
second largest wholesale parts distributor for
Volvo in the Western United States before selling
it in 1978.
Automotive Marketing Services, Inc.
- Mr. Mankwitz founded Automotive Marketing Services,
Inc. in 1969 and grew it into the largest wholesaler
and re-marketer of residual fleet leased automobiles
in the Rocky Mountain Region. In 1985, Automotive
Marketing Services was merged into the Colorado
Auto Auction to become one of the auction's new
divisions.
EDUCATION - University of Miami,
B.S. in Finance and Economics, 1968
Van M. Mankwitz
