Changing economic conditions, operational challenges, or the natural business life cycle can cause businesses to find themselves in complex situations where their profitability or viability may be on the line. From potential bankruptcies to costly legal disputes, these events require careful assessment, modeling, planning, negotiations, and other steps to determine the best path forward.
Many of the country’s top companies, lenders, law firms, and investment firms call on CohnReznick to assist in transitional, stressed, and distressed situations. With decades of industry and situation-specific experience, our professionals can identify and implement financial and operational strategies to improve process, profit, and recovery – driving value and decreasing risk for stakeholders.
What’s your next move? Changing market and economic conditions may require businesses to implement tactics and strategies designed to reduce expenses, improve operations, and boost revenue. Our team of performance improvement specialists are objective, industry-experienced, and situation-tested. We help companies align people, process, and technology to maximize value and transition from bad to good and good to great.
- Profit enhancement assessment and execution
- Budget planning, forecasting, and reporting
- Lean and Six Sigma process improvement
- Supply chain optimization
- Organizational design
- Digital innovation and implementation
- Executive augmentation (CxO, Controller, VP Sales)
- Cybersecurity and privacy
- Risk management
Business owners can face significant financial and operational issues such as liquidity challenges, operational disruption, resource constraints, or strained stakeholder relationships. Our award-winning turnaround and restructuring professionals combine industry-specific knowledge and situational experience to help stabilize cash and operations and protect and create value for long-term recovery.
- Liquidity, turnaround, and viability assessments
- Cash flow management and modeling
- Crisis and interim management (CxO)
- Lender, sponsor, and vendor workout
- Capital sourcing and asset monetization
- Fiduciary oversight (trustee, receiver, ABC)
- Bankruptcy advisory (pre- and post-filing)
- Tax planning for balance sheet restructuring
Unfavorable economic conditions can trigger financially motivated disagreements and even crimes, resulting in personal, corporate, and government disputes. These disputes can cause crippling financial, operational, and reputational damage., Our team of financial, legal, and forensic specialists can help organizations resolve disputes thoroughly, confidentially, economically, and in a time-sensitive manner. Leveraging eDiscovery, data analytics, and other tools, we can help uncover improprieties, and research and present the information needed to make the case – whether in-court or out-of-court.
- Fraud and forensic accounting
- Internal and government investigations
- Asset tracing/recovery of misused funds
- White collar crimes investigation
- Computer forensic and eDiscovery
- ESI processing
- Expert witness testimony and reports
- Legal hold, data preservation and collection
When exit options are being discussed, it makes sense to involve a team that listens, understands critical goals, and has the experience to help realize them. Whether winding down a business, transferring ownership to family member, or selling to a strategic investor or private equity firm, our professionals can craft and implement strategies to create and protect stakeholder value. We plan and manage exits to maximize recovery and minimize risk.
- Exit options with cost and risk assessment
- Prep for sale (EBITDA improvement)
- Transaction quality of earnings and buy-/sell-side diligence
- Asset and enterprise valuation
- Family estate planning
- Tax planning for exit
- Wind-down/estate management
- Liquidating trustee or assignee (ABC) services
Related Services
Kevin P. Clancy
CPA, JD, CIRA, CFF, CTP, Global Director, Restructuring and Dispute Resolution Practice
View full biography
Cynthia Romano
Global Director, Performance Improvement and Restructuring
View full biography
Meet the Restructuring & Dispute Resolution Team
Meet our team
Pivot Points: Updates from CohnReznick's Restructuring and Dispute Resolution team
Learn more
Clancy Appointed Chair of Nexia TRI Business Group
Press release
For Businesses Seeking Quick Cash, Factoring Can Fulfill a Vital Need
Learn more
Related Insights
-
Press ReleaseCohnReznick wins 2020 TMA Turnaround of the Year AwardCohnReznick LLP, a leading advisory, assurance, and tax firms in the United States, today announced that Cynthia Romano and Chris Creger of its Restructuring & Dispute Resolution practice have been awarded the prestigious Turnaround Management Association (TMA) 2020 Turnaround and Transaction of the Year Award for their success as Chief Restructuring Officer in the turnaround and sale of Allentown, Pennsylvania-based Coordinated Health (CH).
-
InsightDistressed investments in COVID-19 marketplace and beyondPrivate equity investors and dealmakers need to prepare for distressed M&A deals amid the coronavirus crisis. Learn how to maximize value and minimize risk.
-
Press ReleaseCohnReznick Guides Successful Restructuring and Sale of Coordinated Health to Lehigh Valley Health NetworkA restructuring advisory team led by CohnReznick principals Cynthia Romano and Chris Creger recently achieved a monumental success in the restructuring, workout and sale of Allentown, PA-based Coordinated Health (CH).
-
Press ReleaseCohnReznick Guides Successful Restructuring and Sale of Coordinated Health to Lehigh Valley Health NetworkA restructuring advisory team led by CohnReznick principals Cynthia Romano and Chris Creger recently achieved a monumental success in the restructuring, workout and sale of Allentown, PA-based Coordinated Health (CH).
-
Press ReleaseCohnReznick adds industry veteran David Weinstein to lead Workout and Restructuring Services in the Southeast and expand Firm’s presence in FloridaCohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced the addition of David Weinstein to its Restructuring & Dispute Resolution practice.
-
Press ReleaseCohnReznick Restructuring team honored among M&A Advisor's Turnaround Award winnersCohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, was honored to be among M&A Advisor’s 14th Annual Turnaround Award winners in the Restructuring of the Year ($25 – 50 million) category.
-
Press ReleaseCohnReznick wins Turnaround Atlas Awards Out-of-Court Restructuring of the YearCohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that it received a second major industry award for its restructuring work for Allentown, Pennsylvania-based Coordinated Health.