Cary Grossman
Cipher Mining
Introduction
Cary Grossman is an experienced professional in corporate finance and financial advisory, with significant accomplishments in the fields of interim management, business restructuring, and mergers and acquisitions. Grossman’s journey began with a Bachelor of Business Administration in Accounting from the University of Texas at Austin. He further solidified his expertise by becoming a Certified Public Accountant (CPA) in January 1978.
Early Career and Founding McFarland, Grossman & Company
Grossman’s career spans over 40 years, showcasing a wealth of experience across various roles and industries. His early career involved practicing public accounting at Weinstein Spira, Grossman & Company from 1977 to 1991. During this period, he co-founded McFarland, Grossman & Company in 1991, serving as Managing Director until 2001. His role as the Chairman of the Board at Pentacon, Inc (now Anixter Pentacon) from 1998 to 2002 marked one of his first significant leadership positions.
Roles at US Liquids and SPAC Involvements
He later served as CFO at US Liquids (2002-2003), where he managed financial functions and strategic planning. Between 2004 and 2006, Grossman held important roles in SPACS, acting as the principal sponsor and CEO of Coastal Bancshares Acquisition Corp. and as CFO of Sandhill IT Security Acquisition Corp. In this period, he also facilitated the IPO of Gentium S.p.A (Nasdaq: Gent), further showcasing his capability in managing public offerings and complex financial transactions.
Interim Leadership at Blaze Recycling and Role at Shoreline Capital Advisors
Grossman’s career trajectory continued with his tenure as Interim CEO and CFO at Blaze Recycling and Metals, LLC from 2007 to 2014, providing critical leadership in restructuring the business. In 2011, he became the Managing Director at Shoreline Capital Advisors, Inc., a Houston-based firm offering financial advisory services to middle-market companies. His expertise in corporate finance, including audit committee directorship, interim CFO roles, and M&A transactions, has been pivotal in the success of this firm.
Recent Positions and Board Membership
From June 2020 to May 2023, Grossman served as President of Good Works Acquisition Corp. and Good Works II Acquisition Corp., emphasizing his strength in handling acquisition corporations. He is currently a Board Member at Cipher Mining, a position he has held since August 2021.
Industry Experience and Skill Set
Grossman’s impressive career is also characterized by his wide-ranging industry experience, which includes biotechnology, metals recycling, environmental services, and business services. His skills encompass mergers and acquisitions, private equity, restructuring, financial modeling, and investor relations, making him a versatile and valuable asset in corporate finance.
Conclusion
Cary Grossman’s extensive career, marked by significant leadership roles and expertise in various financial disciplines, underscores his profound impact on the corporate finance and advisory sector. His professional journey is a testament to his knowledge, dedication, and strategic acumen.
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