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
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.
Andrew Pendleton
Partner
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.
Kevin Grady
Partner
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
Frank Bisconti
Partner
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.
Mary Hoitt
Partner
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.
James Emmons
Partner
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
Jack McGovern
Partner
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.
David Gullickson
Partner
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.
Robert Zimmer
Partner
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.
Gene Jones
Partner
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.
Bob Kiehnle
Partner
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.
Steve Wolff
Partner
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
Rhonda Rosen
Partner
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.
Don Owen
Partner
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.
Thomas Powell
Partner
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.
Bill Keys
Partner
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
Partner
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
Brian Alleman
Partner
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.
Ken White
Partner
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.
