CFO Studio Magazine with Dominic Caruso, CFO, Johnson & Johnson

14 WWW.CFOSTUDIO.COM Q4 2016 FEATURED CFO A cquisitions are tightly woven into Joe Ritzel’s professional bio. They are career high points, he feels, representing both the biggest challenges and the greatest successes. The Senior VP Finance and CFO of Day & Zimmermann (D&Z), a Philadelphia-based, century-old, family-owned company that provides construction & engineering, staffing, and defense solutions for leading corporations and governments around the world, made his mark navigating a series of acquisitions. Ritzel now oversees a finance team that files “over 50,000 W2s a year,” though many of those are for contract employees. Ranked #179 on the 2015 “ Forbes ” America's Largest Private Companies list, better measures of D&Z’s size are the number of worldwide locations —more than 150—and revenues, which were $2.7 billion in 2015. In 2001 when the previous CFO retired and Ritzel took over the job, revenues were $1.2 billion. “So it’s been a good period of rapid growth,” says Ritzel. Two acquisitions in that period were game changers in terms of size and complexity: a 2006 purchase of Atlan- tic Services, Inc., which consolidated D&Z’s position in the power services market (D&Z has a footprint at 70 per- cent of the U.S. nuclear fleet); and the 2015 acquisition of SOC, which D&Z co-owned since 2008, in the govern- ment services area which added about STRATEGIZING GROWTH THE CFO OF ONE OF THE COUNTRY’S LARGEST PRIVATE FAMILY-OWNED COMPANIES BELIEVES IT’S TIME TO FOCUS ON INVESTING IN ACQUISITIONS BY JULIE BARKER