Michael C. Fina and HALO Recognition: Market Research Report
Michael C. Fina (Former Entity)
Michael C. Fina was a distinguished family-owned business located in New York City, known for its offerings of fine products such as estate silver, jewelry, and employee recognition services. Despite its legacy, the company closed its physical retail operations in 2016 and attempted a transition to an online model. This effort proved unsuccessful, leading to the complete cessation of operations by April 2019. The recognition division of the business underwent a transformation and now functions under the name HALO Recognition.
HALO Recognition
Overview and Specialization
HALO Recognition stands as a global leader in employee recognition and incentive programs, with a focus on branded merchandise and strategic solutions designed to align with corporate objectives. With over 50 years of expertise in the incentives market, HALO emphasizes enhancing employee motivation and engagement through comprehensive recognition programs.
Transformation and Rebranding
The transition from Michael C. Fina Recognition to HALO Recognition signifies a strategic rebranding effort. The company's online presence is now fully operational at [halorecognition.com](https://www.halorecognition.com). HALO retains the core values and methodologies of its predecessor, offering robust services such as employee appreciation solutions, service awards, and onboarding kits.
Executive Leadership Team
- Marc Simon: Chief Executive Officer and Director, who guides HALO's strategic framework with expertise in navigating post-bankruptcy growth.
- Hemant Kumar: Executive Vice President and Chief Financial Officer, bringing extensive global financial acumen since his appointment in August 2022.
- Kevin Pollack: Executive Vice President and Chief Operating Officer, appointed in 2020, oversees operations from the Illinois headquarters.
- Jeffrey Fina: President, Recognition and Incentives, spearheading employee engagement and programmatic client alignment strategies.
Financial and Operational Insights
HALO is financially robust, buoyed by an acquisition facilitated by TPG in partnership with management, surpassing $1 billion in industry fund-raising. The company maintains a strong competitive position within the $20 billion promotional products industry, leveraging strategic acquisitions to enhance its market reach.
Industry Positioning and Achievements
HALO's position as a leading distributor of branded solutions is supported by a broad spectrum of services, including recognition solutions, incentive programs, and merchandise offerings. Committed to innovation, HALO is a top performer in the field, maintaining its stance as the second-largest distributor by revenue within its industry sector.
Competitor Profiling and Market Position
Michael C. Fina's Market Overview
Michael C. Fina's estimated annual revenue was $34 million, supported by a workforce of 154 employees, yielding an estimated revenue per employee of $221,100. Operating within the HR industry, the company offered services related to customer service, merchandise management, IT infrastructure, and jewelry consulting.
Key Personnel
- Walt Jenkins: EVP
- Brian Hocheiser: Director of IT Infrastructure
- Alex Lazerson: Manager of Data Integrity and Resource Planning
- Laraine Stoddard: Retail Customer Service Manager
- Jordan Smilowitz: Merchandise Manager
- Joe Garcia: IT Manager
- Alice Tatarian: Customer Retention Manager
Competitive Landscape
Michael C. Fina competed against 733 active competitors, including notable entities like Bright Horizons Family Solutions, Zenith American Solutions, Ambius, Circle International Inc., and Positive Promotions. Top competitors by revenue and employee count featured:
- Pineapple: Revenue of $0.1M, 1 employee
- Bryq: Revenue of $0.6M, 6 employees
- Frontier Customer Support: Revenue of $17.5M, 87 employees
- Broadleaf Results: Revenue of $25.1M, 125 employees
- HALO Recognition: Revenue of $17.9M, 89 employees
- LevelUP: Revenue of $65.9M, 298 employees
- PandA Group: Revenue of $35.4M, 160 employees
Industry Position
Michael C. Fina ranked 128th within a diverse competitive landscape, comprising various sectors with a focus on HR and employee recognition services. Competitors are engaged in offering workforce solutions, employee recognition, and talent intelligence platforms, focusing on talent acquisition and management enhancements.
Competitors' Strategic Focus
- Pineapple: Specializes in health supplements and cultivating innovative partnerships.
- Bryq: Provides talent intelligence to optimize hiring and talent management processes.
- Frontier Customer Support: Offers affordable customer support services.
- HALO Recognition: Delivers comprehensive employee recognition and incentive programs, concentrating on elevating employee engagement and satisfaction.
Michael C. Fina, surrounded by competition, balanced their revenue generation to maintain a substantial presence within the HR industry in New York.
