In March, 2004, Gayla Moore purchased Nevco, a scoreboard manufacturer, struggling with breakeven EBITDA and lackluster sales. After six months, the company had decreased its product lead time from 8 weeks to 4 weeks simultaneously reducing its inventory and direct labor costs.
Using operational excellence as a platform for innovation and growth, the subsequent 13 years posted annual double-digit revenue growth while maintaining a healthy EBITDA as a % to sales. Nevco became the largest privately held scoreboard manufacturer in the world. This strong financial performance and brand recognition attracted many buyers, and in June, 2017, Nevco partnered with a large private equity firm to assist in the next stage of growth and transformation.
Nevco began in 1934 as a manufacturer of scoreboards. The company operated within the Nevinger family until 2004, when Gayla Moore purchased the company. As President, then CEO, Gayla has led Nevco through its 13-year transformation. Prior to purchasing Nevco, Gayla spent many years in manufacturing and then consulting to manufacturers. She holds a BS in Computer Management from Eastern Illinois University, an MBA from Southern Illinois University in Edwardsville, and two APICS certifications: CPIM and CIRM. She is currently consulting to Nevco and most recently, working with Mitch Millstein at his firm, Supply Velocity.