Mr. Schmickle, a certified public accountant (currently inactive), is a Partner of Palm Beach Capital. Mike’s primary responsibilities include identifying prospective portfolio companies, structuring and negotiating transactions, performing financial and operational due diligence, reviewing the legal due diligence, arranging debt financing, managing the closing process of transactions, and working with portfolio companies on various strategic and financial matters including add-on acquisitions. He is on the board of several portfolio companies.
Previously, Mike has held various finance positions in the manufacturing, distribution and service industries including Executive Vice President, Chief Financial Officer, Secretary and Treasurer of a $600+ million revenue base public company. As a senior executive, Mike participated in over 30 acquisitions/divestitures and structured/negotiated mergers and acquisitions ranging in value and sophistication from a simple $5 million transaction to a complex privatization via a $260 million leveraged buyout.
Prior to that, Mike was an Assistant Controller of a publicly held multinational company that completed 236 acquisitions and increased its annual revenues from approximately $450 million to over $3.5 billion in less than three years. He has extensive knowledge of the capital markets and during his career has been involved with several initial public offerings, convertible debt offerings, equity offerings, equity tender offers and high yield debt offerings. Early in his career, Mike held other finance and accounting positions with Fortune 500 companies and worked for PricewaterhouseCoopers LLP.
Mike graduated with highest honors from the University of Northern Iowa with a Bachelor of Arts degree in Accounting.