Powerhouse Announces New Chief Financial Officer

CROWLEY, Texas--()--Powerhouse, a national construction, facilities maintenance and rollout service provider, today announced its recent appointment of Dianna MacDonald as Chief Financial Officer. MacDonald joins Powerhouse from Authentix, a leading global authentication and information services nanotechnology company. She brings to the company more than 25 years of private equity experience, an executive skillset complementary to Powerhouse’s current growth strategy through acquisitions initiated late last year with the investment of Lincolnshire Management, Inc.

MacDonald will lead Powerhouse’s financial operations, centralizing efforts on establishing and deploying advanced forecasting, asset protection, and reporting processes.

“Powerhouse has been experiencing a 40 percent year-over-year organic growth rate for a decade and a half,” said Michael Wroughton, Principal at Powerhouse. “That rate of expansion, along with our recently adopted acquisition strategy, calls for a different type of leadership proficiency that adapts our financial foundation so that it effectively supports our future success. Dianna has a wealth of knowledge here earned from direct experience moving into companies at critical junctures and driving impactful, effective change. She has also proven to do this while developing strong, collaborative relationships with existing team members and partners. We’re proud to have her on board.”

MacDonald’s career began at KPMG where she served as an auditor, concentrating on financial institutions. It was in this role, during the savings and loan crisis, where she drove the audit that led to a financial institution developing an operational recovery plan. The recovery strategy included the sale of a loan portfolio to Brazos Partners, a private equity firm that ultimately hired MacDonald—a crucial career move that inspired her future trajectory in private equity work.

MacDonald spent the subsequent eight years working for Brazos Partners and Hudson Advisors, a subsidiary of Lone Star Funds. She held the Chief Financial Officer seat for the former and Senior Vice President of Operations and Director of Compliance roles for the latter. In 2005, MacDonald began taking her experience directly to start-ups and transitioning companies requiring niche expertise in investor relations alongside proven financial operation strategies.

“Financial data is a telltale sign of a company’s strengths as well as its opportunities,” said Ms. MacDonald. “My primary responsibility to Powerhouse is to establish strong financial security by maximizing investments. This all hinges on rolling out accurate reporting that accommodates the company’s current and future growth. Powerhouse is at an exciting stage of its corporate evolution and I’m honored to be part of the team that will help them capitalize on the incredible company they’ve built to date.”

A certified public accountant, MacDonald holds a bachelor’s degree in business administration with an accounting concentration from Oregon State University and has participated in The Wharton School’s The CFO: Becoming a Strategic Partner program. Additionally, she is active in several industry organizations including the American Institute of Certified Public Accountants (AICPA), Association for Corporate Growth (ACG), Financial Executives International (FEI), and Texas Wall Street Women (TXWSW).

About Powerhouse

Founded in 2004, Powerhouse (www.powerhousenow.com) is a national construction, facilities maintenance and rollout services provider headquartered in Crowley, Texas. Executing more than 100,000 projects annually across all 50 states, the company supports top brands in Banking and Finance, Commercial Real Estate, Health Care, Hospitality, Food Service, Multifamily Dwellings, Retail, and Senior Living Facilities with an unwavering commitment to and investment in its people, process, and technology. Our hybrid team of employees and trusted partners deliver a broad suite of construction, facilities maintenance, exterior, and rollout services—with each project being managed by a full team of skilled talent with singularly-focused roles for the most efficient and timely completion.

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Twitter: @PowerhouseNow
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Contacts

Media Contact:
Claudine Cornelis
Crimson Communicates
+1.845.424.6342
claudine@crimsoncommunicates.com

Release Summary

Dianna MacDonald is the new CFO of Powerhouse. 25-year finance veteran with private equity experience.

Contacts

Media Contact:
Claudine Cornelis
Crimson Communicates
+1.845.424.6342
claudine@crimsoncommunicates.com