top of page
iStock-1325276224-wr.jpg
SEAT - crest with logo.png

Turnaround & Restructuring

What SeatonHill Can Do For You

  • Interim Executive Leadership

  • Debt Restructuring & Lender Negotiations

  • Bankruptcy Planning & Implementation

  • Creditor Advisory

  • Independent Director / Board Member

  • Liquidity Management

  • Stakeholder Relations

  • Fiduciary Services

  • Litigation Support & Forensic Accounting

  • Expert Witness Testimony & Consulting

SH-Turnaround-story-15_edited.jpg

Houston 𝗢𝗳𝗳𝗶𝗰𝗲 – Healthcare Company

Led financial operations through the turnaround & restructuring of a PE-backed healthcare company / Provided interim financial guidance and litigation support associated with the restructurings of multiple distressed oilfield services companies / Performed a solvency analysis in preparation for fraudulent conveyance litigation.

SEAT_Bio-pics-pendelton.jpg

Andrew Pendleton
Partner

SH-Turnaround-story-11_edited.jpg

𝗗𝗲𝘁𝗿𝗼𝗶𝘁 / 𝗔𝘁𝗹𝗮𝗻𝘁𝗮 𝗢𝗳𝗳𝗶𝗰𝗲𝘀 – Tier 1 Tier 2 Suppliers

Advisor to the Independent Directors and a Confidential Buyer pertaining to the §363 sale of a Tier 1/Tier 2 Supplier | secured emergency debt funding and restructured the holding company for a Tier 1 Supplier | for a vehicle manufacturer, sold underutilized assets, refinanced a $34 million facility and raised $32.4 million equity.

SEAT_Bio-pics-grady.jpg

Kevin Grady
Partner

SH-Turnaround-story-9_edited.jpg

Chicago 𝗢𝗳𝗳𝗶𝗰𝗲 – 4 Different Industries

Turned around four companies, all in different industries, while serving either as CFO, COO, or President | All four transformations turned ongoing losses into recurring annual profits while increasing revenues by 100% to over 400% | Three of the four turnarounds involved successful exits, with two sales to strategics and one management buyout

SEAT_Bio-pics---bisconti.jpg

Frank Bisconti
Partner

SH-Turnaround-story-9_edited.jpg

San Diego 𝗢𝗳𝗳𝗶𝗰𝗲 – M&A, PIPE financing

Restructured $2.5 million of debt to equity | secured $10 million in debt and equity financing | led all areas of finance and operations to turn around and position a company for growth | secured over $50 million in PIPE financing | orchestrated three mergers, eight acquisitions, three divestitures and one management buy-out.

SEAT_Bio-pics-hoitt.jpg

Mary Hoitt
Partner

SH-Turnaround-story-5_edited.jpg

𝗗𝗮𝗹𝗹𝗮𝘀/𝗙𝗼𝗿𝘁 𝗪𝗼𝗿𝘁𝗵 𝗢𝗳𝗳𝗶𝗰𝗲 – Family Office Portfolio

Stepping in as President & CFO of a large manufacturer in Chapter 11, oversaw development and execution of the Plan of Reorganization and successful exit from bankruptcy | restructured $60 million in debt for a Family Office portfolio of unprofitable companies – sold off or closed losing operations and re-invested the proceeds.

SEAT_Bio-pics-emmons.jpg

James Emmons
Partner

SH Turnaround story 15_edited_edited.png

New York 𝗢𝗳𝗳𝗶𝗰𝗲 – PE-owned Nurse Staffing Business

As Chief Restructuring Officer, directed the restructuring and sale of a PE-owned nurse staffing business | As CEO, increased the EBITDA of a PE-owned clinical research organization in one year from negative $4.4 million to positive $4 million pro forma | As CEO, restructured a PE-owned producer and marketer of nature-themed media

SEAT_Bio-pics-mcgovern.jpg

Jack McGovern
Partner

SH-Turnaround-story-12_edited.jpg

𝗛𝗼𝘂𝘀𝘁𝗼𝗻 𝗢𝗳𝗳𝗶𝗰𝗲 – Oil & Gas Bankruptcies

Debtor’s Financial Advisor in the Subchapter V Chapter 11 bankruptcy of an oil & gas company | Corporate Controller handling the Chapter 11 restructuring of a public oil & gas company with six affiliated companies | Debtor’s Financial Advisor in the Chapter 11 bankruptcies of five affiliated petrochemical companies.

SEAT_Bio-pics-gullickson.jpg

David Gullickson
Partner

SH-Turnaround-story-15_edited.jpg

𝗖𝗵𝗶𝗰𝗮𝗴𝗼 𝗢𝗳𝗳𝗶𝗰𝗲 – Nursing Facilities, Automotive Supplier

Divested five skilled nursing facilities, sold another in a §363 sale, and refinanced $225 million of public bonds | earned the TMA Turnaround and Global M&A Network Atlas awards | restructured an automotive supplier and consumer products companies through §363 sales and an Assignment for the Benefit of Creditors.

SEAT_Bio-pics-zimmer.jpg

Robert Zimmer
Partner

SH-Turnaround-story-8_edited.jpg

𝗛𝗼𝘂𝘀𝘁𝗼𝗻 𝗢𝗳𝗳𝗶𝗰𝗲 – Automotive, Food Manufacturer

Turned around a $175 million PE-backed automotive remanufacturer of transmissions and engines with negative EBITDA and minimal business value – achieved $37 million in EBITDA and sold the company for $191 million | turned around a publicly-held food manufacturer and negotiated the sale for 4x market value.

SEAT_Bio-pics-jones.jpg

Gene Jones
Partner

SH-Turnaround-story-3_edited.jpg

𝗗𝗮𝗹𝗹𝗮𝘀/𝗙𝗼𝗿𝘁 𝗪𝗼𝗿𝘁𝗵 𝗢𝗳𝗳𝗶𝗰𝗲 – Software, Leasing, Railroad Company

Oversaw the Chapter 7 filing of a VC-backed startup software company – sold the software and IP to investors | restructured $150 million of bank lease and debt financings for a railcar leasing operation in bankruptcy | led the restructuring of a railroad company to reduce debt, infuse equity, and create a profitable operation.

SEAT_Bio-pics-kiehnle.jpg

Bob Kiehnle
Partner

SH-Turnaround-story-7_edited.jpg

𝗖𝗵𝗶𝗰𝗮𝗴𝗼 𝗢𝗳𝗳𝗶𝗰𝗲 – Industrial, Public, and Private Companies

Turned around the $100 million Ukrainian subsidiary of a publicly traded industrial company | restructured the $900 million global consulting division of a public company | turned around the $20 million division of a private company | turned around and recapitalized a $15 million venture-owned battery manufacturer.

Screen Shot 2023-03-10 at 1.52.00 PM.png

Steve Wolff
Partner

SH-Turnaround-story-6_edited.jpg

𝗛𝗼𝘂𝘀𝘁𝗼𝗻 𝗢𝗳𝗳𝗶𝗰𝗲 – Financial Advisor in Bankruptcies

As Debtor’s Financial Advisor, formulated and negotiated a successful Chapter 11 Plan of Reorganization | generated favorable outcomes for clients in Chapter 11 litigation by performing solvency analysis surrounding fraudulent transfer claims, developing expert witness support, and providing enterprise valuation services.

SEAT_Bio-pics-owen.jpg

Don Owen
Partner

SH-Turnaround-story-2_edited.jpg

𝗢𝗿𝗹𝗮𝗻𝗱𝗼 𝗢𝗳𝗳𝗶𝗰𝗲 – General Contractor

Brought in to turn around a general contractor that was effectively bankrupt – reduced workforce 10%, streamlined payment processes, developed a go-forward plan; the company continued functioning and creating value without filing for bankruptcy

SEAT_Bio-pics-beemer.jpg

Brett Beemer
Partner

SH-Turnaround-story-13_edited.jpg

𝗗𝗮𝗹𝗹𝗮𝘀/𝗙𝗼𝗿𝘁 𝗪𝗼𝗿𝘁𝗵 𝗢𝗳𝗳𝗶𝗰𝗲 – Healthcare

Coordinated turnaround and restructuring efforts for multiple PE-sponsored healthcare companies: a $350 million provider of durable medical equipment and home infusion services, a $225 million hospice services operation, a $35 million infusion services business and a$150 million provider of phlebotomy services, medical record retrieval, underwriting services and tele-interview services.

SEAT_Bio-pics-keys.jpg

Bill Keys
Partner

SH-Turnaround-story-5_edited.jpg

𝗖𝗵𝗶𝗰𝗮𝗴𝗼 𝗢𝗳𝗳𝗶𝗰𝗲 – Expert Witness

Turned around companies across multiple industries in a variety of roles, including General Manager, CFO, and Turnaround Advisor | Operated and sold the assets of numerous companies through Receiverships and Assignments for the Benefit of Creditors | Testified as an Expert Witness in Chapter 11 cases | Provided Creditor Advisory services

SEAT_Bio-pics-Wojtowicz.jpg

Frank S. Wojtowicz
Partner

SH-Turnaround-story-13_edited.jpg

New York 𝗢𝗳𝗳𝗶𝗰𝗲 – Healthcare IT

Oversaw the Chapter 11 filing and developed the Plan of Liquidation for a healthcare IT company | Coordinated negotiations with investors and claimants | Negotiated the sale of intellectual property and other assets | As a Consultant to the SBA, managed the sales and liquidations of portfolio companies held by the estates for SBICs in receivership

SEAT_Bio-pics-rosen.jpg

Rhonda Rosen
Partner

SH-Turnaround-story-14_edited.jpg

Boston 𝗢𝗳𝗳𝗶𝗰𝗲 – Egg producer

Brought in to turn around the 6th largest egg producer in the U.S. on the heels of this public company’s failing acquisition – negotiated waivers and amendments, restored profitability and liquidity, avoided bankruptcy, all stakeholders got out whole, nominated for the TMA Middle Market Deal of the Year.

SEAT_Bio-pics-powell.jpg

Thomas Powell
Partner

SH-Turnaround-story-10_edited.jpg

𝗗𝗮𝗹𝗹𝗮𝘀/𝗙𝗼𝗿𝘁 𝗪𝗼𝗿𝘁𝗵 𝗢𝗳𝗳𝗶𝗰𝗲 – PE Portfolio and Public Companies

As CFO, was instrumental in turning around and restructuring a $100 million PE-owned commercial printing company, a $40 million public medical device company, a $20 million PE-owned geospatial and aerial mapping services firm and a $42 million public fabless semiconductor company

SEAT_Bio-pics-alleman.jpg

Brian Alleman
Partner

SH-Turnaround-story-1_edited.jpg

𝗛𝗼𝘂𝘀𝘁𝗼𝗻 𝗢𝗳𝗳𝗶𝗰𝗲 – Distribution, REIT, Board Director

Interim President & CEO of a $500 million multi-state distributor – secured a $50 million credit facility, consolidated and realigned distribution centers, positioned the company to attract new investors | served as board member of a publicly traded REIT and an Advisor regarding its bankruptcy procedures.

SEAT_Bio-pics-white.jpg

Ken White
Partner

Schedule a meeting with an expert in Turnaround & Restructuring 

Screen Shot 2022-12-19 at 7.50.31 AM.png
bottom of page