
Manufacturer of Gauges: Advisor to a $13
million manufacturer of gauges on financial matters,
banking relationships and strategic planning. Worked
with the company on a plan to roll out a new product
line including review of financing alternatives and
preparation of a find-raising memorandum. Software
Engineering Design Services: Chief Restructuring
Officer for a firm providing engineers on a contract
basis for client software engineering projects.
Substantially reduced costs, restructured operations,
obtained new financing and returned the company to
profitability. Service Franchise Operation:
Chief Restructuring Officer for national franchise
operation in Chapter 11 with 180 locations throughout
the United States, Canada and Europe. Maintained the
integrity of the company thru crisis caused by an NBC
spotlight team report, re-focused the organization and
implemented a new business strategy. Musical
Instrument Company: Interim CEO of a $15 million
company selling and renting musical instruments from 5
locations in the Northeast. Reorganized the operations
and instituted new financial information systems,
procedures and reporting. Restructured $8 million of
debt and raised $4 million of senior, mezzanine and
equity capital. Franchise Insurance Company:
Interim CEO for an e-commerce business-to-business
technology company, providing an end-to-end solution for
issuing property and casualty insurance policies
nationally. At its peak, the company had 500 employees
operating in 14 states with three operating divisions.
Reduced burn rate, reorganized operations and negotiated
sales, alliances and mergers for portions of the
company. Consumer Goods Manufacturer: Engaged
to act as Chief Restructuring Officer for a $220 million
branded consumer product company, in the event a sale of
the company was not successfully consummated. Develop
employee transition plans and assisted in the sale
process. Food Distribution Business: Managed
the successful sale of a $20 million food distribution
business with operations throughout New England.
Energy Service Company: Interim CEO for a publicly
owned, energy management company with four operating
divisions in five states and Canada. Sold two divisions,
reduced operating costs and reorganized and refocused
the sales force. Raised capital through merger with a
public utility company. Real Estate Development
Company: Creditor Trustee for a $120 million real
estate development company with seven separate Chapter
11 cases. Responsible for the sale of more than 200
assets in 50 partnerships. Managed real estate
operations for hotels, apartments, golf resorts, and R$D
and warehouse properties during the liquidation of the
assets. Creditors received a dividend of approximately
80 cents. Steel Building Fabrication Company:
Chief Restructuring Officer for a $30 million steel
building fabrication company. Restructured the balance
sheet, raised working capital, increased sales, improved
gross margins and lowered the breakeven point - all
resulting in increased profits. Not-For-Profit:
Co-Receiver for a not-for-profit organization with
substantial cash and real estate holdings. Worked with
the Attorney General's Office concerning improper
administration by the Trustees for the non-profit. Sold
the assets and re-established the not-for-profit status
of the organization. Charter Airline: Crisis
Manager for an insolvent charter airline. Discontinued
unprofitable routes, managed cash and vendor relations
through period of insolvency. National Mortgage
Company: Interim CFO for a national mortgage company
with more than $100 million in unfunded closing
commitments. Determined unhedged/unrealized losses and
minimized consumer claims.
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