WM Coffman Announces Appointment of
Rob Cohen as Chief Executive Officer
December 2, 2010
WM Coffman Resources, an affiliate of Southlake, TX-based private equity firm Prophet Equity, is pleased to announce the addition of Robert Cohen as Chief Executive Officer.
Most recently, Rob was President and CEO of the Cabinets division of Armstrong World Industries, a global leader in the building materials industry. Under Rob’s leadership, the Cabinets division produced record revenues in 2007, and gained significant market share in 2008 and 2009. Rob’s background includes senior roles in finance, manufacturing, and logistics, and the implementation of Lean and Six Sigma initiatives that resulted in record margins for Armstrong World Industries.
Rob Cohen remarked, “I look forward to partnering with Prophet Equity and the team at WM Coffman to build WM Coffman Resources into the premier distributor in the domestic stair parts industry.”
“Prophet Equity is excited to partner with an experienced executive like Rob Cohen, and we believe that the addition of Rob underscores our continued commitment to WM Coffman Resources” commented Ross Gatlin, CEO of Prophet Equity.
George Stelling, COO of Prophet Equity, commented further that “Rob’s operational expertise is a natural fit for WM Coffman, and his skills will enable the Company to continue its strong focus on improving customer relationships and drive best in class service for customers throughout North America.”
Rob has an MBA from the Olin School of Business at Washington University and a BSBA in Finance from the University of Florida. He lives in Plano, TX with his wife and two Labrador Retrievers.
About WM Coffman
WM Coffman Resources is a leading distributor of stair products to the North American market. With a brand heritage extending back over 135 years, WM Coffman has been a pioneer driving innovation in the stair industry.
About Prophet Equity LP
Prophet Equity is a private equity firm that uses proven, data-driven analytical techniques coupled with over 100 years of investment and management experience to invest in, unlock, and realize future value today. Partnering with owners and management teams, Prophet Equity’s team utilizes a toolkit that is Fortune 500 tested and private equity proven to diagnose and drive dramatic value creation. Portfolio company management teams are highly motivated with clear, uncapped incentives based on realized business performance.
Over the last decade alone, Prophet Equity’s Principals have successfully invested and managed over $300 million of control equity in entities with over $4 billion in revenue. Their control equity investments focus on lower and middle market companies with strategically strong businesses with significant value creation potential, such as those found in partnerships, corporate carve-outs, divestitures and non-strategic businesses of larger companies. Representative situations include corporate carve outs, special situations, succession planning, recapitalizations, reorganizations, turnarounds, acquisitions, mergers and bankruptcies. For more information, please visit www.prophetequity.com or call the firm at +1.817.898.1500.
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For inquiries, please contact
WM Coffman Resources LLC
+1.800.810.9204
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