Some of our Most Significant Engagements: Mortgages Limited (In Chapter 11 Reorganization) Consultant responsible for evaluating real estate assets and developing plans for maximizing return to investors. Wealthpoint, Inc.- CFO, Principal & Shareholder Responsibilites included initial incorporation, business plan development, financial modeling, financial reporting, and acquisition due diligence for this financial services start-up company. Wilcare Corporation and affiliates (in chapter 11 Reorganiztion) Chief Administrative Officer responsible for day to day administration, asset management and disposition. Wilcare was Arizona's largest owner/operator of continuum of care retirement campuses which included Camelot Campus of Care (Peoria, AZ) and Park Regency Retirement Campus (Chandler, AZ) and hospice facilities located in Arizona & Colorado. FINOVA Capital Corporation Asset manager and consultant to Special Assets Group. Responsible for golf course and adjacent resort/residential community (Prescott, AZ) interval ownership loan portfolio secured by multi state, multi project interval ownership interests (timeshare) and multi state internet cable provider. Grossman's Inc. (Chapter 11 Reorganization) Chief Financial Officer. Grossman's was a retailer of building supplies and materials that operated stores throughout New England, California, the Midwest, and Mexico with 1,500 employees and sales of approximately $300 million. Member of management team that guided Grossman's through Chapter 11 reorganization that preserved $350 million NOL to emerge as a healthy reorganized business. Responsible for resolution and settlement of approximately 2,500 claims in excess of $250 million. Executive Life Insurance Company (in Rehabilitation/Liquidation). Asset Manager and consultant to Trustees of ELIC Real Estate Trust (approximate $1 billion real estate portfolio located in 46 states) and ELIC Base Assets Trust. Responsible for assisting the Trustees with the management, financial reporting, monetization and disposition of ELIC assets.
Tucson Electric Power Company (NYSE) Asset manager for portfolio of 17 non-utility investment subsidiaries of Tucson Electric Power Company. Responsible for asset management and disposition of 350 room Hilton Hotel in Woodland Hills, CA, 250 room Holiday Inn in Louisville, KY, portfolio of automobile, boat and recreational vehicle loans and portfolio of alternative fuel production joint venture investments. American Continental Corporation Consultant to Court Appointed Chief Executive Officer. Served as Management Consultant pursuant to Chapter 11 Plan of Reorganization with specific responsibilities in the areas of asset management and liquidation, Real Estate Sales, Dissolution of Subsidiaries, Accounting Reporting and financial Management. FOOTHILLS MANAGEMENT COMPANY - Del Webb Corporation (NYSE) Responsible for structure and formation of joint venture that financed and developed 4,140 acre Foothills Master planned, golf oriented community in Phoenix, AZ. As President of Foothills Management Company responsibilities included master plan development and approval, infrastructure construction, development, financial reporting, sales and marketing. New asset management and consulting assignments for various clients including: Sundt Corporation, DMB, Inc., The Trump Group, Phoenix Memorial Hospital, Kroonenberg B.V., Jeld-Wen Inc. and Hilco Trading Company, Inc. Peppers Waterbeds, a twenty four location waterbed, bedroom and home furnishing retailer in Chicago, IL Retained to manage and oversee all financial functions of this business including the successful negotiation of lease abandonments, business restructuring, senior secured lender negotiations and successful chapter 11 reorganization with bankruptcy counsel. $300 million car dealership and body shop group of UAG (NYSE) located in Scottsdale, AZ Retained to serve as interim controller to implement and enhance financial reporting for both internal group management, departmental management, automotive manufacturers and external reporting purposes. Also improved the 25 member accounting department and the results of internal audits. Ultimately, these efforts resulted in business management awards from Jaguar, Porsche, Audi and Ferrari. Krispy Kreme franchise operator with locations in Arizona and New Mexico. Retained to review and identify operational deficiencies and enhance financial reporting of the accounting department. Also evaluated cash management, accounts receivable procedures and provided appropriate recommendations for the improvement of cash flows and collection policies. Provided assistance in communications and negotiations with secured and unsecured creditors. Saxton Inc., A janitorial supply and redistribution company in Phoenix, AZ. Assisted the client in overhead reduction efforts, gross margin enhancements and inventory control. Also improved cash management, negotiated with trade creditors and secured lender. Developed and executed an exit strategy for principals by selling business to Bunzl plc (LSE: BNZL) a multinational distribution and outsourcing company headquartered in London, United Kingdom. Enquest Energy Services (Toronto Stock Exchange) Assisted management of this gas and oil sector corporation with:
|