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In 2008, as the subprime mortgage crisis began turning the Street\u2019s brash dealmakers into a squeamish clan of risk-averse bankers, Tim Murphy, an associate at Credit Suisse, decided that it was time to try some slots. Lots of them.

\u201cI took a gamble in the casino space\u2014it was probably one of the best decisions that I have made in my career and one the best decisions that we have made as a family,\u201d explains the finance leader, who accepted a director of finance position with Cadillac Jack, a fast-growing slot machine manufacturing company based in Georgia. \xa0

At the time, Murphy\u2019s wife (the couple had met at business school) was working for The Coca Cola Company in Atlanta, a factor that the finance executive says helped to hedge his career bet.

\u201cI had opportunities to join investment banks in Atlanta and other large organizations, but we made a conscious decision that given the fact that she had a job at a very large and stable company, I could take a gamble with mine,\u201d\xa0says Murphy.

Also influencing Murphy\u2019s decision was the understanding that he would be reporting directly to the CEO, a former investment banker whom Murphy characterizes as a \u201chard charger.\u201d

Besides helping Cadillac Jack to navigate gaming\u2019s unique compliance highway, Murphy focused on finding ways to grow the business and make it more profitable.

\u201cIn about 3 years, we got to the point where we were comfortable with the business and began looking for an exit,\u201d recalls Murphy, who began initiating discussions with potential buyers and lending partners.

Ultimately, Cadillac Jack was sold to Canadian gaming company Amaya for $167 million.

\u201cIt was just great experience for me in leading up to becoming a CFO,\u201d says Murphy, who would join Amaya as director of corporate development, where for roughly a year he scouted out new purchases and divestitures for the publicly held firm before entering the CFO office of Atlanta-based REPAY, a publicly traded payment processing company.

\u201cI joined REPAY in January 2014 just after the firm had taken in its first institutional private equity capital\u2014prior to that, it had used really just family and friends\u2019 capital,\u201d continues Murphy, who over the past 7 years has helped the firm to unlock both private and public investment capital as it uncovered new avenues for growth.

Among REPAY\u2019s transaction milestones was the sale of a controlling interest in the company to Corsair Capital in 2016 and a subsequent public offering executed via a SPAC business combination.

\u201cCorsair was able to get a lot of liquidity at the closing of the business combination with the SPAC, and they have since fully exited the business at a much higher stock price than what it was when they entered,\u201d notes Murphy, who adds that to date REPAY has leveraged its access to the public markets to help execute five acquisitions, helping the firm to expand into a number of new verticals.\xa0\xa0\u2013Jack Sweeney\xa0

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