Turnaround & Restructuring
What SeatonHill Can Do For You
Interim Executive Leadership
Debt Restructuring & Lender Negotiations
Bankruptcy Planning & Implementation
Independent Director / Board Member
Litigation Support & Forensic Accounting
Expert Witness Testimony & Consulting
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.
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.
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
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.
Dallas/Forth 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.
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
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.
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.
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.
Dallas/Forth 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.
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.
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
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.
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.
Dallas/Forth 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.
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
Frank S. Wojtowicz
Dallas/Forth 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
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.
Dallas Office – Chief Restructuring Officer, Claims Administrator
Served in numerous Chapter 11 bankruptcies as CRO, Debtor FA, FA to the Secured Lender, and FA to the UCC | Testified in multiple bankruptcy cases in Delaware and Texas | Served as Plan Administrator and Claims Administrator | Experienced in many industries, including energy, retail, grocery, agribusiness, manufacturing, healthcare, entertainment, industrial services, and food processing.