Turnaround & Restructuring Services

Chief Restructuring Officer (CRO) & Interim Management Services

J.S. Held Strengthens Family Law Practice with Asset Acquisition of Luttrell Wegis

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Our experienced C-suite interim executives advise and support companies in financial distress, experiencing hypergrowth, or that are challenged by critical vacancies among senior leadership.

Whether the leadership void results from operating challenges, a recent officer resignation, the need for added support during busy periods, or during an extended job search for the right permanent hire, our experienced executives provide immediate relief and value. 

Our professionals are trusted advisors who apply decades of hands-on operating experience to serve as full- and part-time interim C-level management and augment line positions, providing strategic advisory and tactical execution support to fulfill clients’ management needs. 

We introduce stability and decisiveness to complex situations with objectivity, uncovering the sources of challenges and implementing effective solutions. We bring credibility to each situation and serve as a stabilizing force for all constituents as we build consensus, direct or support the business needs of our clients, and enhance enterprise value.

Our Roles
  • Interim, On-site CEO, CFO & COO
  • Chief Restructuring Officer (CRO)
  • Chief Integration Officer (CIO)
  • Chief Transformation Officer
  • Chief Information Security Officer (CISO)
  • Chief Intellectual Property Officer (CIPO)
  • Staff & Line Positions
  • Liaisons with Clients’ Lenders, Creditors, Customers, Suppliers, Unions, Employees, Board Members & Other Constituents
Our Services
  • Asset Management
  • Board Advisory
  • Business & Operational Management / Improvement
  • Contract Management
  • Debt & Capital Restructuring
  • Enterprise Value Enhancement
  • Financial Reporting & Performance Management
  • Forbearance Agreement Negotiations
  • Growth & Diversification Advisory
  • Litigation Support
  • Mergers & Acquisitions (M&A) Advisory & Diligence
  • Office of the CFO & Corporate Finance Support
  • Operational Performance Improvement
  • Organizational Structure Evaluation
  • Profitability & Cash Flow Analysis & Management
  • Strategic Planning, Implementation & Execution Oversight
  • Turnaround Management
  • Unsecured Creditor Committee Advisory
  • Working Capital & Liquidity Advisory
Turnaround Management / Chief Restructuring Officer

An out-of-court restructuring or financial turnaround can efficiently and cost-effectively result in a fresh start for a financially distressed company, as well as preserve jobs and vendor and customer relationships. 

As Chief Restructuring Officer (CRO) or interim management, our team of former C-suite executives; senior leaders; and financial, operational, and restructuring experts collaborates with management to thoroughly assess the company’s financial and operating performance. We then design and implement a turnaround plan which may include negotiating a forbearance agreement with lenders for short term relief, new or restructured financing, or selling the business or its assets.

We drive successful, sustainable results by:

  • Overcoming strained relationships between the company, lenders, and creditors
  • Driving proactive, open communications
  • Delivering timely and accurate financial reporting
  • Managing cash flow and operations aggressively
  • Leading strategic and deliberate actions
  • Liberating the CEO, CFO, and other executives to focus on core operations
Performance Improvement

Our operations executives bring experience from the shop floor to the boardroom to lead significant high-stakes operational changes with a sense of urgency. Most importantly, we invest the time to coach our client’s team on operational best practices to maintain improvements after our engagement ends. We are often retained to lead operational roles during the integration phase following acquisitions or mergers of operations.   

Our interim operational roles include:

  • Chief Operating Officer
  • General Manager
  • Plant Controller
  • Plant Manager
  • Supply Chain Lead
  • Other Roles with Deep Operations Influence
Resource Augmentation

We apply decades of crisis management expertise to expeditiously mobilize interim executives to resolve unplanned vacancies at distressed and growth-oriented companies due to unexpected death, disability, or the departure of a key executive, or to replace a terminated senior employee. Our experienced executives quickly become fully integrated into the team to fill voids and make meaningful contributions. 

By using our interim executives, clients and their investors can embark on a formal search process to find the ideal permanent replacement without concern for ongoing operations. Our team often assists with the search process, given our executive experience and hands-on understanding of the role, and remains available for an appropriate transition period during the onboarding of the permanent executive. 

 
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