Ray Frick is CEO and Managing Principal of Augustus Group LLC, October 2004 to present, a private investment and specialized management consulting firm. The Augustus Group delivers targeted solutions for business and financial challenges by deploying focused strategic planning, metrics analysis, turn-around management expertise, and merger and acquisition due diligence advisory services. Mr. Frick and his seasoned team collaborate with companies and related private equity firm investor partners to improve operational performance, augment cash flow, drive business betterment through strengthening financial results, and optimization of shareholder value for liquidity events and owner exit.
Concurrently, Mr. Frick holds the position of Visiting Entrepreneur & Lecturer in Leadership & Entrepreneurship at Radford University, Accra, Ghana, November 2012 to present. Additionally, Mr. Frick serves on the Board of Trustees at Radford University, January 2013 to present.
In addition, Mr. Frick is Co-Executive Producer of a current feature motion picture titled "Akwaaba". A contemporary romantic comedy, "Akwaaba" is set in New York and Ghana. Pre-production begins Q4 2014 with targeted release Q1 2016.
Ray Frick served as President for a two-year engagement at Werner Printing and Engraving Company, March 2012 to March 2014. Werner Printing and Engraving Company is an industry leader offering fine engraving for government, business, and social markets and the creative design community. A full suite of upscale specialty printing capabilities, and complete stationery services is offered to professional firms, business, and industry.
Ray Frick earlier was appointed Chairman of the Board of Majestic Mills Company on a consulting engagement basis from February 2011 thru February 2012. Majestic Mills has been a provider of fine engraving services since 1923.
Ray Frick was CEO and President, and co-owner of The Lehigh Press, Inc. from May 1998 through October 2003, achieving the highly successful sale of the Lehigh Press. Mr. Frick and his team led the transformation of a near bankruptcy turnaround situation to solid profitability, returning 7.6 times invested capital to shareholders at transaction closing October 22, 2003. At the acquirer's request, Mr. Frick stayed on in a retained consulting capacity from October 2003 to August 2004 when a follow-up transaction with KKR and DLJ Merchant Banking Partners occurred.
During Mr. Frick's leadership tenure, he and his team rationalized the cost model, built quality sales, added relevant technology and reinvigorated the Lehigh Press sales and marketing engine, all propelling Lehigh Press to a $150MM highly specialized and technologically advanced privately owned company, with market leadership positions in both highly specialized direct response print materials and full color el-high book components. Lehigh celebrated its 80th Anniversary in 2004, and operated in three printing industry sectors: book components for educational publishers, direct marketing/commercial printing and advanced digital prepress.
Formerly, Ray Frick served as President and Chief Operating Officer, Commercial, Book and New Market Groups at Quebecor Printing (USA) Corp from 1994 through May 1998. At Quebecor, Mr. Frick had P&L responsibility for nearly $1 billion in revenues in printing and digital communications. Mr. Frick built the Quebecor Direct Group from start-up to over $300MM, achieving the No. 1 US market position in 1997 and 1998 through a series of acquisitions, including Petty Company, Sayers Communications Group, Eagle Lithographers, and internal reconfiguration of existing Quebecor facilities.
Earlier, Ray Frick was President, Direct Marketing Group Banta Corp from 1988-1994. Under Mr. Frick's leadership the Banta Direct Marketing Group achieved the No. 1 market position in U.S. direct marketing printing space, 1993 and 1994, through both organic development and the successful acquisition and integration of Danbury Printing Co.
Prior, Ray Frick was President of Brookshore Lithographers and concurrently Executive Vice President, Beddor Companies, before the Banta Corp acquisition of the Beddor Companies in 1988. Mr. Frick was originally recruited into Brookshore from R.R. Donnelley & Sons.
R.R. Donnelley & Sons employed Ray Frick in a variety of Book Group sales positions, based at corporate headquarters in Chicago.
Ray Frick started his career at E.I. duPont de Nemours & Co. directly from graduate school. While at DuPont Co., Frick held industrial marketing research and sales positions, leading to Manager, National Graphic Arts Distributor program for the Film Department, DuPont Co.
Media, Leadership, Industry, & Academic Speaking Engagements
- Entrepreneurship and Leadership Lecture Series, Radford University, Accra, Ghana, January 2013
- Cover Story, Printing Impressions Magazine, "Making Print That Lasts a Lifetime", July 2012
- Hall of Fame inductee, Printing Impressions/Rochester Institute of Technology, 1999
- Board of Directors, PIA/Web Offset Association, 1999 to 2003
- Board of Directors, Printing Industries of Illinois & Indiana, 2000 to 2004
- Board of Trustees, Graphic Communications International Union (GCIU) Retirement and Disability Fund, 2000 - 2002
- Board of Directors, Print and Graphics Scholarship Foundation, 2000 to 2004
- Faculty Speaker, Mergers & Acquisitions, Annual Fulcrum Printing Industry Conference, 1999 & 2000
- R&E Council, Keynote Address, Reflections on Our Changing Industry at the Dawn of the New Millennium, November 1999
- R&E Council, Keynote Address, Maximizing Your Business Potential in Today's Economic Climate, May 2001
Ray Frick currently serves on the WFMT Radio Advisory Committee, one of North America's premier classical music stations & network and also serves on The Grant Park Orchestral Association at Millennium Park Board of Directors, Chicago, IL, and additionally The Lake Forest Symphony Board of Directors, Lake Forest, IL.
Mr. Frick's club affiliations include The Chicago Club; Exmoor Country Club, Highland Park, IL; University Club of Chicago; The Algonquin Club of Boston; Wentworth by the Sea Country Club, NH. Mr. Frick is a member of the Chicago Council on Global Affairs, President's Circle.
Mr. Frick also has been active in a number of civic, charitable, arts, and educational development efforts, including Chicago Lyric Opera Guild Board of Directors, 1986-91; Boston Symphony Orchestra - Presidents at Pops, 1996-2000, The Park School, Brookline, MA, 1995-2005; Make-A-Wish Foundation; Chicago City Lights Tutoring and Scholarship Program for Chicago Inner City Youths, 2005 to 2007; The Lookingglass Theatre Board of Directors, Chicago, IL.
Ray Frick holds an MA in International Relations from the University of Maryland and a BA with honors in Political Science and Business Administration from Gettysburg College. Mr. Frick earned All East, All Middle Atlantic Conference and Associated Press All Pennsylvania football honors as middle guard/defensive tackle with free agent professional football contract offers from the Green Bay Packers and the Los Angeles Rams. Varsity wrestling. SAE Fraternity. Mr. Frick has two daughters by an earlier marriage.