Turnaround & Restructuring
Meet The Practice Leader
Sophisticated Solutions for Troubled Companies
Private equity-backed companies facing imminent liquidity and cash flow issues need creative and aggressive solutions to stave off the immediate crisis. However, companies that reach this precipice also require a longer-term strategic plan that identifies the company’s underlying performance issues and affects the needed financial, operational, and strategic change across the organization.
Enter: Accordion’s Turnaround & Restructuring Practice (comprised of seasoned restructuring, reorganization, and turnaround experts from Mackinac Partners, acquired by Accordion in 2021).
Our team identifies the factors contributing to cash-flow and liquidity issues, rescues companies in crisis and sets them on a path from value stabilization to value creation. We work directly with the company’s ecosystem of stakeholders to present the best options to resolve the business-threatening event. Once the immediate crisis is averted, our experts engage in either a consultative or management role to implement the strategic changes needed to improve EBITDA, turn around overall business performance, and deliver on the value thesis.
We’ve had many success stories assisting companies and their stakeholders, acquirers, and PE sponsors to drive increased value and business performance. Here’s a small sample of the companies and sponsors we’ve supported:
Featured Case Studies
Mackinac went beyond the ordinary advisory role and became an integral member of our executive team during a difficult transition period for Colt. Not only was the Mackinac team instrumental in guiding Colt through a complex Chapter 11 restructuring, they also led initiatives leading to substantial improvements in our day-to-day operations.”