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2011 Jeff Park
Goodman School of Business
2011 Jeff Park
Jeff Park graduated on the Dean's honors list from Brock University in 1995 with a Bachelor in Accounting. During his time at Brock University, Jeff was enrolled in the Co-op program ensuring he was working at a local accounting firm, MacGillivery Partners during his entire tenure of this 4 year program. On graduation Mr. Park joined Deloitte in the Audit and Assurance Services.
While at Deloitte, Jeff worked on a wide array of clients and industries and was promoted to Manager of Audit Services shortly before his departure to IBM Global Services in 1997. During his time at IBM he was responsible for financial underwriting and proposals for some of the largest clients and prospects of the Canadian global services operations. In September 1998, Jeff was recruited to join the venture capital firm, Covington Capital.
At Covington Capital, Jeff was one of the three portfolio managers supporting over $600 million in assets. The investment mandate included sourcing and selecting high growth businesses, in a wide range of industries including technology, telecommunication services, media and healthcare. The average investment duration was 3 to 6 years with Covington holding non-controlling but lead syndicate positions. In this capacity, Jeff was responsible for completing approximately 40 transactions, supporting dozens of investee companies and representing Covington on the Board of Directors of these companies. Additionally Jeff was responsible for financial operations and legal compliance for the mutual funds managed by Covington.
Jeff's role at Covington included representing Covington to the shareholders and mutual fund advisors of the Toronto Stock Exchange listed funds. In this capacity he was responsible for making hundreds of presentations including appearances on radio and television.
Jeff joined the Board of Directors at SXC in May 2003, which was an investee company of Covington. He served on various board committees including chairman of the audit committee. When Jeff joined as CFO of SXC in February 2006, the company had approximately 250 employees and $55M in revenue. The company was listed on the Toronto Stock Exchange and had a following of approximately six analysts and a market cap of $150M.
In 2006, Jeff was responsible for taking the company through a successful US IPO on the Nasdaq, raising $38 million as well as increasing the shareholder base and analyst following. In 2008, Jeff was responsible for sourcing and leading diligence and negotiations of the $148 million acquisition of a mid-sized pharmacy benefit manager, National Medical Health Card. Coincidental with this acquisition, Jeff led a successful $60 million banking syndicate. In 2009 SXC was able to raise through an oversubscribed equity offering $200 million in acquisition capital for SXC. In 2010, Jeff lead the successful acquisition of a $270 million specialty pharmacy operation for $100 million. SXC currently has a market cap of approximately $3.5 billion, has in excess of 1,500 employees in multiple locations in North America and generates revenues in excess of $4.5 billion. Jeff's current responsibilities at SXC as Executive Vice President and CFO include Acquisitions, Investor Relations, Financial Operations, Human Resources, Facility Support and Legal Services which include supporting a staff of approximately 60.
Jeff is currently on the Board of Directors of the Ray Graham Association which is a not-for-profit entity that supports over 1,200 disabled individuals, and their families in their goal to lead full and independent lives.
2011 Goodman School of Business Distinguished Graduate Jeff Park, BAcc '95