Subject Matter Expert
Thomas LaVoy brings to Blue Stone over 30 years of experience in business development and a distinguished career in finance where he has developed multiple mid-sized companies from startup status to over $300 million in annual revenues. A member of the White Earth Minnesota Chippewa Tribe, LaVoy is an accomplished executive who has served in executive management positions such CEO, CFO, COO, and Treasurer, with auditor and certified public accountant experience; he has also served on multiple public company boards to strategically develop, grow and manage various entities. LaVoy has a Bachelor Degree in Accounting, from St. Cloud University.
LaVoy has served as Chief Executive Officer and Chairman of Isoray Medical Inc., a NYSE medical device company that produced an isotope Cesium 131 and manufactured radioactive seed to treat prostate, brain, head and neck, lung and gynecological cancers. During his tenure, LaVoy was responsible for the restructuring and turnaround of the company as well as for obtaining FDA Clearance for a new brain cancer treatment device. He also has financial accomplishments including raising $8 million in a secondary offering that provided additional working capital to further fund and develop the company.
For almost twenty years, LaVoy served as Chief Financial Officer and Deputy Chief Operating Officer of SuperShuttle International, Inc, Veolia Transportation on Demand and Transdev on Demand. He was responsible for the consolidation of the Shuttle and Taxi markets as well as for the acquisition and integration of over twenty-five transportation companies. During his employment, LaVoy supported cumulative annual revenue growth of $30 million to over $300 million. LaVoy arranged initial debt financing of over $50 million to fund initial acquisitions and eventually sold the company to access strategic financing of over $100 million to fund the growth of the company.
For nearly a decade, LaVoy was the Chief Financial Officer of Photocomm, Inc. a NASDAQ listed public company. The company was a solar electric manufacturing and distribution company that provided photovoltaic power systems for remote power applications for industrial and home power systems in urban and remote areas. The company was awarded multiple contracts with the Navaho Nation in the 1990’s to provide remote power systems to provide lighting and water to remote homes on the reservation.