Augustus Group LLC - Ray Frick

Ray Frick

Ray Frick is Managing Principal of Augustus Group LLC, October 2004 to present, a private investment and management consulting firm.  The Augustus Group provides focused strategic planning, operations analysis, turn-around management, and merger and acquisition due diligence advisory services.  Mr. Frick and his team work with companies and related private equity firm investor partners to improve operational performance, augment cash flow, drive change to strengthen financial metrics and enhance shareholder value.

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 tenure, he rationalized the cost model, built quality sales, added relevant technology and reinvigorated Lehigh Press into a $150MM highly specialized and technologically advanced privately owned company, with market leadership positions in both book components, and direct response print materials. 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, Mr. Frick served as Quebecor Printing (USA) Corp President and Chief Operating Officer, Commercial, Book and New Market Groups, from 1994 through May 1998. At Quebecor, Frick had P&L responsibility for nearly $1 billion in revenues in printing and digital communications. 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, Frick was Banta Corp President, Direct Marketing Group, from 1988-1994. The Banta Direct Marketing Group achieved the No. 1 market position in US direct marketing printing leadership, 1993 and 1994, through both organic development and the successful acquisition and integration of Danbury Printing Co.

Prior, Frick was President of Brookshore Lithographers and concurrently Executive Vice President, Beddor Companies, before the Banta Corp acquisition of the Beddor Companies in 1988. Frick was originally recruited into Brookshore in 1977 from R.R. Donnelley & Sons.

R.R. Donnelley & Sons employed Frick in a variety of Book Group sales positions from 1975 to 1977, based at corporate headquarters in Chicago.

Mr. Frick started his career at E.I. duPont de Nemours & Co. directly from graduate school in June, 1968. While at DuPont Co., from 1968–1975, Frick held industrial marketing research and sales positions, leading to Manager, National Graphic Arts Distributor program for the Film Department, DuPont Co.

Printing Industry Leadership

  • 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
Photograph of Ray Frick

Frick holds an MA in International Relations from the University of Maryland, 1968, and a BA with honors in Political Science and Business Administration from Gettysburg College, 1966. Frick earned All East, All Middle Atlantic Conference and Associated Press All Pennsylvania football honors, 1965 as middle guard/defensive tackle with free agent professional football contract offers from the Green Bay Packers and the Los Angeles Rams. Varsity wrestling, 1963/64. SAE Fraternity.

Mr. Frick currently serves on The Grant Park Orchestral Association Board of Directors, Chicago, IL, and is also a member of the Lake Forest Symphony Board of Directors, Lake Forest, IL. 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, 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 Lights Tutoring and Scholarship Program, Tutor, Inner City Youths, 2005 to 2007. Mr. Frick has two daughters by an earlier marriage.