Nanovsky is a founding Partner in The SCA Group, LLC. He has over 35 years of broad, international business experience in both Fortune 100 and entrepreneurial companies. Nanovsky has an extensive background in managing operating units as well as all financial and administrative functions. He has special competence in equity offerings, mergers and acquisitions, and complex financings.
Nanovsky was a Partner and member of the Board of Managers of Tatum. He successfully restructured and refinanced a client’s primary debt totaling $1.25 billion (a publicly traded $20 billion automotive retailer); completed the sale of a privately owned client (a computer based, certification training company); led the remediation for material weaknesses, and completed and filed the restatements for the 2002 through 2005 financial statements for a publicly traded $3 billion provider of wireless telephone service; completed a capital restructuring for $117 million, and identified and corrected significant internal control and reporting issues for a publicly traded $300 million producer of premium meat products; concluded the restructuring of a company under sophisticated and complex maritime and international laws and regulations; and obtained subordinated, mezzanine financing to provide acquisition capital.
Nanovsky was VP, CFO and Secretary of First American Railways, Inc., a development stage company executing a plan to operate entertainment based passenger trains. He completed the acquisition of The Durango & Silverton Narrow Gauge Railroad Company and concluded the public registration of a $16.5 million private placement.
He was responsible for completing the Initial Public Offering and several acquisitions while with GameTek, Inc., an international developer and publisher of software. Previously he managed and concluded a comprehensive internal, SEC and Department of Justice investigation at Marietta Corporation.
Nanovsky was a member of the Board of Directors and the SVP, CFO and Secretary of Seneca Foods Corporation, a Fortune 500 international food processor and distributor. In addition to his responsibilities for legal affairs and all corporate financial and administrative functions, he was responsible for managing several operating units nationwide. During his tenure, the profitability of the operating units he managed increased steadily; one subsidiary increasing its return on equity from 8 percent to 62 percent over four years. While he was with Seneca, the company’s profits increased from a 3% to an 8% return on equity.
Nanovsky began his career in public accounting with Arthur Andersen & Co. He holds a Bachelor of Science in Business Administration in accounting and computer science from Clarion University. He is a former member of the Ohio and American Institutes of Certified Public Accountants and has been a Board member of public and private companies and associations.