Richard A. Rambacher, P.E.

Background

Along with a B.S. in Mechanical Engineering and an M.B.A. in Finance and Marketing, Mr. Richard Rambacher is a registered professional engineer in Ohio, Kentucky, Nebraska, Illinois, Indiana, Michigan, West Virginia, Texas, Pennsylvania, New York, and Florida.

He has over 40 years of experience in design, engineering, procurement, engineering management, project and construction management, mechanical systems design and evaluation, scheduling, cost estimating, budget control, implementing quality and control procedures, contract management, and financing of capital projects. He has managed over 100 new construction and renovated capital projects. Projects included the installation of presses, screw machines, and forging equipment.

Mr. Rambacher has been responsible for managing a $60 million manufacturing operation, as well as having hands-on experience with the design, procurement, and inspection of over 50 construction projects ranging from heavy industrial to light commercial facilities. He has tested heating, ventilating, and air conditioning (HVAC) systems for airflow and system performance and the testing of industrial environments for noise and airborne contaminant exposure. He has also provided expert witness reports for a variety of Occupational Safety and Health Administration (OSHA) related cases. Electrical Testing Labs (ETL) and Underwriters Laboratory (UL), as well as code officials when disputes or questions arose, was something Mr. Rambacher has done on many occasions. Mr. Rambacher managed a team that prepared submittal packages for ETL testing. He had settled over a dozen insurance claims and legal disputes through mediation or arbitration. Mr. Rambacher has inspected boilers, furnaces, refractory linings, pumps, fireplace inserts, shredding machinery, hot water heaters, HVAC systems, plumbing and piping system failures, and PEX piping systems. He also has experience investigating gas explosions, scalding injuries, damage from faulty piping, and losses as a result of code violations.

While employed by Mestek and Engineered Air, Mr. Rambacher was involved in at least six asset purchases of companies.  Three of the acquisitions were while employed at Mestek, one was Temprite, a company that was located in Canada and then relocated to Dallas, Texas, and the other was L. J. Wing, a New Jersey company that was relocated to Dallas, Texas.  Finally, there was Airfan, which was also eventually relocated to Dallas, Texas.  At the time, Mr. Rambacher was Vice-President of Operations for Mestek.  As Managing Partner and President of Engineered Air, there were three other companies where Mr. Rambacher was the signer on the purchase agreements that were eventually executed.  The executed agreements included M&I in Portland, Oregon; Tri-Med in Indianapolis, Indiana; Nesbitt in Cleveland, Ohio; and others.  There were at least another dozen companies where documents were reviewed in preparation for asset purchase agreements but were never finalized for a variety of reasons.