CFO
American Battery Technology Company
(OTCMKTS: ABML)
David Corsaut has more than 35 year’s experience as a founder, leader, senior executive, advisor, trustee and financier of businesses in the United States, Europe, Latin America and Asia. David has managed more than 100 successful mergers and acquisitions.
David has executed leadership roles as CEO, COO, CFO, CRO, Trustee, Receiver and Strategic Advisor for companies in a variety of business sectors, including transportation/logistics, software, manufacturing products to include steel, aluminum, consumer electronics, and flexible packaging, David has also managed and advised companies in the franchising, industrial safety, supply chain management, cellular communication and real estate industries.
David’s most recent engagements include COO of a software company that originated and sold software to various government agencies and corporate entities. A major transportation company uses this software to run its businesses.
Another recent engagement required David to directly manage the investment in a client company realizing a valuation 3 times the original offer from a private equity fund. The closing transaction yielded equity capital to the client in exchange for the investment fund acquiring a minority position in the client’s business. The client company produces high-end spirit brands currently marketed in 30 states. The investor is a high-profile private equity family office focused on investing in and growing consumer products.
David was the co-founder of Exxedus Capital Partners, LLC (“ECP”) based in St Louis, MO. Founded in 2011, ECP is a business consulting firm that receives 95% of its engagements through its extensive referral network; former clients and existing clients as well as banks, law firms, venture capital and private equity funds. ECP focuses on enabling companies to become more profitable through better business models, better management, capital structures that fit the client’s needs and a relentless sales focus. ECP uses its significant networks for its customer’s advantage. The Company’s clients encompass a broad array of industries such as domestic and offshore manufacturing companies, software firms, lenders, private equity funds, family investment offices, oil & gas, real estate, logistics and special situation entities.
David has been a founder, investor, and manager of several software development companies. His software company experience includes Peerless Systems (public company), Language Management, Inc. (sold to a Japanese company) and Distribution Services Limited (“DSL”). DSL provided multiple logistics and software services to marine, commercial aircraft and ground transportation companies. The software product did logistics & specific job mapping for firms transporting goods via ocean, air, and land.
David was the COO of a $400 million international logistics/supply chain concern (“DSL”) that managed ocean shipping lanes, 4 million square feet of warehousing and distribution, software logistics mapping and freight tracking products, 4 dedicated trucking lines, direct marketing and had employees in over 20 countries. The software design and implementation portion of this business employed 10 software developers. DSL customers included Sam’s and Walmart, Liz Claiborne, Polo, Sony and Nike. He managed the sale of the Company to a multi-national buyer.
David was a founder and COO of a global software services (“LMI”) company where his responsibilities included securing equity capital from VC funds for the expansion of the Company. David led the acquisition team that acquired four companies outside the United States, the acquisition of one company in the United States as well as the integration of the acquired entities. LMI’s customers included Ford, Sony, Mitsubishi, Allen Bradley, CA and Microsoft. LMI was sold to an Asian buyer.
From 2003 to 2005 David acted as Trustee for the re-structuring and merger of two publicly traded semiconductor firms. In this role, he managed and sold several warehousing/distribution centers, managed a large stock and cash investment portfolio and negotiated the settlement of a variety of trailing liability issues associated with the asset sale. Those settlements involved various product liability claims, worker’s compensation claims and environmental claims.
David was the CEO of a transportation company that in 2010 received several national carrier-of-the year awards and Commercial Carrier Journal’s “Innovator of the Year” award for 2010.
David was the co-founder and Managing Director of Cloyses Partners, LLC, from 1999 through 2009. Cloyses Partners was a very successful consulting, investment banking and turnaround firm based in Denver, CO. Cloyses was engaged by customers that included; Wells Fargo, ING, Morgan Stanley, Ernst & Young, GE Capital, AON, US Bank, Rand McNally, Irontree, Burlington Capital and EchoStar as well as Private Equity and Venture Capital funds including Fortress Investments and AEA Investors. Cloyses trademarked “Managing the Defining Moment.”
David was the Economic Development Advisor to the city government of Barcelona, Spain and the Spanish Government from 1987 to 1992. As an advisor to the City of Barcelona, Spain he assisted in the design and implementation of business, venture capital and tax incentives that attracted American technology companies to the Barcelona region. David acted in an advisory capacity for the 1992 Summer Olympics in Barcelona.
David was the lead financier and a Director of a Colorado based real estate development and residential homebuilder, Pride-Mark Homes. The Company grew from annual sales of $15,000,000 to annual sales of over $100,000,000 in 1998. That company was purchased by KB Homes.
David earned a Bachelor of Science degree from Western Michigan University and has completed graduate work in accounting, finance and management both in the U. S. and Europe.