Home
Solutions
Turnaround & Restructuring
Operational Turnaround

Operational Turnaround

Balance sheet, balance sheet, balance sheet… Too often, this is the sole focus of a turnaround; when companies are in crisis, they rush to address their capital structure and free up cash. But fixing only the balance sheet, without addressing core operational issues, is just a band-aid that likely struggles to stick.

Our turnaround experts partner with you to stave off immediate crisis while also identifying and implementing the long-term operational improvements necessary to transform your business—ultimately driving sustainable value, enhancing EBITDA, and setting you up for long-term success.
PAIN POINT

Lack of sponsor/CFO alignment due to outdated and unrealized value creation plan.

What Accordion brings:
Evaluate and adjust value creation plan.
Review the original value creation plan and identify what went wrong, and how to adjust going forward.
Develop a growth-focused strategy.
Work with you to develop a new value creation plan with a focus on growth, incorporating sales and marketing strategies that leverage organizational strengths, improve market penetration, and maximize enterprise value.
Benchmark performance.
Look at sector benchmarks to ensure the business is performing at a level consistent with peers.
PAIN POINT

Business inefficiency due to manual, time-consuming, and broken processes.

What Accordion brings:
Implement technology for efficiency.
Implement the appropriate technology stack (CPM, ERP, data & analytics) to drive efficient processes.
Focus on long-term reporting & forecasting.
Zero in on reporting, forecasting, and driver-based tools through a long-term lens.
Empower strategic decision-making.
Enable strategic business decision-making vs. merely addressing current challenges.
PAIN POINT

Excessive business costs due to poor resource allocation and unnecessary expenses.

What Accordion brings:
Optimize people structure.
Evaluate people structure, in both front- and back-office functions, to ensure that the right people are in the appropriate positions.
Assess partners & implement revenue strategies.
Analyze the performance of partners, vendors, and suppliers and develop and implement practical/measurable strategies to accelerate revenue generation and manage costs.
Divest in underperforming assets.
Drive data-based decisions to divest underperforming business units, close locations, exit markets, or phase out lagging legacy brands and product channels.
We consistently create value for the world’s most sophisticated private equity firms and their portfolio companies.
See more.
We consistently create value for the world’s most sophisticated private equity firms and their portfolio companies.
See more.

Meet a few
of our experts.

Andrew Hede
Andrew Hede
President, Business Transformation & Transactions

Andrew is our President of Business Transformation & Transactions. He has 30 years of financial and operational transformation and restructuring experience in both the United States and Australia, advising clients in numerous formal and out-of-court restructurings.

READ FULL BIO
Keith Maib
Keith Maib
Senior Managing Director

Keith is a Senior Managing Director in Accordion’s Turnaround and Restructuring practice.  He has been with Accordion and Mackinac Partners, which Accordion acquired in 2021, for 18 years.  Keith has over 40 years of diversified business experience. In addition to serving as a partner in two international accounting firms, Keith has extensive experience in leading companies through periods of pervasive change and turmoil and is...

READ FULL BIO
Matt Beresh
Matt Beresh
Senior Managing Director

Matt is a Senior Managing Director with over 25 years of experience providing financial and operational advisory services to distressed organizations. Matt joined Mackinac Partners (acquired by Accordion in 2021) in 2002 and focuses his work on leading and partnering with management teams through (i) turnarounds and restructurings or (ii) post-acquisition value creation.

READ FULL BIO
Matthew Pascucci
Matthew Pascucci
Senior Managing Director

Matt is a Senior Managing Director with more than 20 years of experience providing financial advisory, restructuring, and turnaround services to large and middle market companies and their stakeholders. Matt’s practice has primarily focused on assisting companies stabilize operations, improve performance, and explore strategic alternatives. He also has significant experience assisting clients with acquisition due diligence for...

READ FULL BIO
Rupesh Shah
Rupesh Shah
Senior Managing Director

Rupesh is a Senior Managing Director with three decades of strategic operational advisory, corporate financial and business transformation experience with clients ranging from small startups to large multinational companies. Rupesh specializes in the providing strategic and tactical leadership to both growth and underperforming companies.

READ FULL BIO
Will Holden
Will Holden
Managing Director

Will has held senior finance, operational and strategic positions for private and public companies of all sizes and across all stages of the business cycle from early-stage high-growth businesses to mature global conglomerates. His 25+ years of experience has focused on working with companies facing critical financial, operational and strategic challenges and leading complex solution focused initiatives which include...

READ FULL BIO
Kasey Rosado
Kasey Rosado
Senior Managing Director

Kasey Rosado is a Senior Managing Director based in New York, with over 25 years of financial, operational, and leadership experience specializing in financial restructurings and operational turnarounds, including advising under-performing and distressed companies. Kasey has assisted companies, lenders, and financial sponsors in addressing complex financial and operational matters. She has worked on domestic and international engagements...

READ FULL BIO

Ready to get stuff done? Let’s talk.

We can tell you about us, but we want to hear about you. Tell us what's holding you back from building the future state of your organization.