Restructuring news in the USA

An overview of news, trends and research in Restructuring consulting in the USA:

Trivest Partners acquires restructuring consultancy Province Trivest Partners, a Miami-headquartered, mid-market private equity firm, has made a strategic capital investment in Province, a Las Vegas-based restructuring and financial advisory firm.
19 July 2024
Financial consultancies KCP Advisory Group and Altman and Company merge KCP Advisory Group and Altman and Company, two Boston-based restructuring and financial consulting firms, have merged.
24 January 2024
J.S. Held buys Phoenix Management Services and Phoenix IB Consulting firm J.S. Held has acquired Phoenix Management Services, a Philadelphia-based turnaround and transaction advisory firm, and affiliate company Phoenix IB, a special situations investment bank.
11 October 2023
Paladin Management hires Jeff Nerland as partner Paladin Management, a Los Angeles-headquartered management consulting firm, has hired Jeff Nerland as a partner based in Orange County, California.
19 September 2023
WeWork hires restructuring advisors amid financial woes WeWork has hired several advisors to support its restructuring as it deals with high debt levels and financial underperformance, Bloomberg reported on Wednesday.
29 August 2023
Province adds Brad Holly as principal Province, a national restructuring and financial advisory firm, has hired Brad Holly as principal and co-leader of a newly launched Houston office.
27 June 2023
McKinsey denies shuttering restructuring division McKinsey has denied a report from The Wall Street Journal saying the consulting firm is shutting down its corporate restructuring practice.
05 April 2023
AlixPartners adds veteran retail consultant Justin MacFarlane AlixPartners has hired Justin MacFarlane as a partner and managing director in its global retail practice.
25 January 2023
Bed Bath & Beyond hires AlixPartners as bankruptcy looms Bed Bath & Beyond has hired turnaround and restructuring consultancy AlixPartners amid preparations for bankruptcy protection, people familiar with the matter told Reuters.
09 January 2023
PA Consulting adds Nathan Wicker to launch turnaround offering PA Consulting, a global innovation and transformation consultancy, has hired Nathan Wicker to launch a turnaround and restructuring offering within the firm’s energy and utilities practice.
16 December 2021
Restructuring experts say pandemic will continue to cause financial distress The vast majority (96%) of restructuring experts say the Covid-19 pandemic will continue to cause their clients distress in 2021, according to a recent survey from AlixPartners.
21 June 2021
How NMS Consulting advises its clients on their SPAC listing While SPACs – also known as ‘blank check companies’ – have been around for decades, funds raised by SPACs are breaking records in 2021.
09 June 2021
John Shepherd and Michele Martin join Ankura's restructuring practice Energy sector experts John Shepherd and Michele Martin have joined the turnaround and restructuring practice of Ankura, a global management consulting firm, as senior managing directors.
14 May 2021
Clear Thinking Group names Brian Allen as partner Clear Thinking Group, a Hillsborough, NJ-based management consultancy specializing in turnaround and restructuring, has promoted Brian Allen to partner.
28 January 2021
McKinsey waives millions in fees for work on Westmoreland Coal bankruptcy Consulting firm McKinsey & Company has agreed to waive the fees for its work on the Westmoreland Coal bankruptcy, settling a nearly two-year mediation with the US Trustee Program (USTP).
04 December 2020
Riveron acquires turnaround firm Winter Harbor Riveron, a national business advisory firm, has acquired Winter Harbor, a Boston-based restructuring and turnaround consulting firm. Terms of the transaction were not disclosed.
10 November 2020
West Monroe launches corporate transformation practice West Monroe, a national management consulting firm, has launched a new corporate transformation practice to help companies manage turnarounds and technological overhauls in an increasingly challengin
13 August 2020
B. Riley Financial buys automotive restructuring firm Alderney Advisors Riley Financial, a Los Angeles-based diversified financial services company, has acquired Alderney Advisors, a Detroit-based turnaround and restructuring firm focusing on the automotive industry.
06 July 2020
24 Hour Fitness files for bankruptcy and hires FTI Consulting Mid-tier gym 24 Hour Fitness filed for Chapter 11 bankruptcy on Monday, citing heavy financial impacts from the Covid-19 pandemic.
17 June 2020
Scott Davido joins Ankura's turnaround practice as senior managing director Consulting firm Ankura has added seasoned c-suite executive and advisor Scott Davido as a senior managing director in the firm’s turnaround & restructuring group. He will be based in New York City.
21 May 2020
Peter Fitzsimmons rejoins AlixPartners restructuring practice Peter Fitzsimmons has rejoined AlixPartners as a managing director in the turnaround and restructuring practice. He will remain based in New York City.
12 May 2020
Kerrigan Advisors launches turnaround and restructuring for auto dealers Kerrigan Advisors, an Irvine, CA-based advisory firm specializing in auto dealership mergers & acquisitions, has launched a new turnaround and restructuring offering to its consulting practice.
30 April 2020
Epic Insurance Brokers & Consultants creates restructuring offering Epic Insurance Brokers & Consultants, a New York-based retail P&C insurance broker and employee benefits consulting firm, has launched a restructuring services operation.
20 April 2020
JC Penney hires AlixPartners as debts mount and revenues drop Beleaguered retailer JC Penney has added AlixPartners to its roster of advisers as it struggles with mounting debt and dwindling sales, according to Bloomberg News.
17 April 2020
EY adds consulting team from Jacket River to turnaround practice EY US has welcomed the consulting team from Jacket River, a boutique operational consulting firm. The team of seasoned advisors will join EY’s turnaround and restructuring strategy practice.
16 April 2020
Bain & Company advising MGM Resorts on restructuring Management consultancy Bain & Company is advising MGM Resorts International on its restructuring plan (“MGM 2020”) which aims to cut costs and drive margin improvements.
28 May 2019
Alvarez & Marsal's Julie Hertzberg named president of Insol Julie Hertzberg, a managing director at consulting firm Alvarez & Marsal, has been appointed president of Insol International, the worldwide federation of national associations of accountants and law
22 May 2019
Struggling retailer Pier 1 Imports names AlixPartners advisor as interim CFO Texas-based home goods retailer Pier 1 Imports has appointed Deborah Rieger-Paganis, a managing director at AlixPartners, as its interim chief financial officer.
23 April 2019
Sears hires consultancy M-III for potential bankruptcy filing Embattled US retailer Sears Holdings Corp has hired New York-based corporate advisory M-III to prepare for a possible Chapter 11 bankruptcy filing in advance of a $134 million debt payment due Monday
11 October 2018
AlixPartners to acquire rival Zolfo Cooper's US operations Management consultancy has announced its intention to acquire the US operations of Zolfo Cooper, a boutique financial advisory and interim management firm.
28 September 2018
AlixPartners names Greg Donat new Global Head of Strategy and Business Development Greg Donat joins AlixPartners’ Turnaround & Restructuring practice as the Global Head of Strategy and Business Development.
25 June 2018
McKinsey faces conflict of interest questions over retirement fund McKinsey & Company is under scrutiny after the Wall Street Journal uncovered evidence that its retirement fund held investments that may have created a conflict of interest in six bankruptcy cases in
22 June 2018

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