Retained to establish financial reporting system for neighborhood restaurant and grocery store operation. Assist in the ongoing financial reporting along with communication of financial performance to equity and senior debt.
Retained as Chief Restructuring Officer for $60MM food operation specializing in baked goods. Responsibilities included working on restructuring plan with management, restatement of historical financial statements, workout with secured creditor, sale of non-core operating division, projection of financial statements for equity purposes and interim CFO.
Retained by a $10MM company in the seafood industry in a shareholder disputed situation to assist in the acquisition of majority shares by the minority shareholder. This engagement included preparation of financial plans to obtain financing, support valuation, and structure the discussions between the shareholders.
Old Town, ME
Served as financial consultant for a $30MM manufacturing company. Reorganized debt and preformed operational review services to enhance operations. Prepared operational review for secured creditor.
Retained by Board in a $336MM publicly traded company to prepare reorganization plan, restate accounting records, assist in forensic audit with Big Four public firm, and assist in the valuation of $175MM in bond debt.
New York, NY
Retained as turnaround CFO for 18 months in a $100MM Publicly Traded Company (NASDAQ) to reconstruct financial systems, establish compliance with Sarbanes Oxley, comply with SEC reporting requirements, and assist in the restructuring of the Company. Highlights include 400% increase in stock price, successful completion of capital raise of $7.5MM rights offering and $25MM PIPE transaction.
Assumed role of Chief Restructuring Officer for $150MM distribution company. Assisted in stabilization of credit relationships and minimization of operational losses to a break-even performance. Restructured management team.
Retained as Receiver in the liquidation of assets for a company in the seafood industry. This engagement involved the wind down of the remaining assets of the corporation for the benefit of the creditors. Retained by creditors to provide collection efforts on problem accounts for a troubled seafood distributor.
South Portland, ME
Retained by $15MM fruit and produce distributor to assist in turnaround inclusive of negotiation with secured creditor, financial projections, management evaluation, and cash flow planning in distress.
Retained by manufacturer of organic food additives to audit accounts receivable and inventory for field exam preparation for multinational bank.
Retained by investor to support due diligence process in the purchase of a contract food manufacturer providing products to the restaurant chain industry. Responsibilities included projection of future financial performance.