Best Kansas Turnaround Management Firms
Introduction to Turnaround Management Firms
When your business is facing financial distress, finding the right turnaround management firm can be a game-changer. These firms specialize in helping companies navigate through tough financial times, stabilize their operations, and return to profitability. In Kansas, several standout firms offer a variety of services tailored to meet the unique needs of struggling businesses. This article will guide you through the top turnaround management firms in Kansas, what to look for in a firm, and the credentials that matter most. We’ll also highlight Yelp reviews and provide comprehensive contact information, ensuring you have all the tools needed to make an informed decision.
What to Look for in a Turnaround Management Firm
Choosing the right turnaround management firm is crucial for the success of your business recovery. Here are some key factors to consider:
-- Experience and Expertise: Look for firms with a proven track record in handling cases similar to yours. Experience in your specific industry can be a significant advantage.
- Range of Services: A good firm should offer a comprehensive suite of services, including restructuring, performance improvement, interim management, and bankruptcy advisory.
- Client Testimonials: Yelp reviews and client testimonials can provide insights into the firm’s effectiveness and customer service.
- Certifications and Credentials: Verify the qualifications of the professionals, such as certifications from the Turnaround Management Association (TMA).
- Strategic Approach: Ensure the firm employs a strategic, tailored approach rather than a one-size-fits-all solution.
CR3 Partners
CR3 Partners is a national turnaround and performance improvement firm that serves middle-market organizations across various industries. They are known for their hands-on, collaborative approach, helping businesses stabilize and transform during challenging times. Their services include restructuring, interim management, performance improvement, and bankruptcy advisory. According to a review, “CR3 has not only helped us through tough times, but they also fit our unique culture”.
Contact Information:
- Website: CR3 Partners
- Phone: (800) 728-7176
- Email: info@cr3partners.com
Locations:
- New York Office: 250 Park Avenue, 7th Floor, New York, NY 10177
- Dallas Office: 3131 McKinney Avenue, Suite 600, Dallas, TX 75204
Table of Services
| Service | Description |
|---|---|
| Assessments | Provides actionable insights for companies and financial constituents |
| Restructuring & Turnaround | Tactical adjustments followed by strategic planning and stakeholder buy-in |
| Interim Management | Leadership through critical times and creation of a success roadmap |
| Performance Improvement | Identification and execution of improvements for maximum impact |
| Bankruptcy Advisory | Strategy formulation and guidance through insolvency proceedings |
Aurora Management Partners
Aurora Management Partners specializes in business consulting, investor services, creditor services, and corporate governance advisory services. They are highly respected in the industry and have a reputation for seeing opportunities where others see problems. A Yelp reviewer noted, “Aurora’s team is pragmatic and results-focused, providing solutions that are both strategic and actionable”.
-Contact Information:
- Website: Aurora Management Partners
- Email: info@auroramp.com
Locations:
- Charlotte Office: 112 South Tryon St., Suite 1770, Charlotte, NC 28284
- Atlanta Office: 1201 Peachtree Street, Suite 1570, Atlanta, GA 30361
- Cleveland Office: 600 Superior Ave. East, Suite 1300, Cleveland, OH 44114
Capitus Group, LLC
Joe Kessinger of Capitus Group, LLC is an experienced turnaround professional with over 25 years of experience in high-growth business development and turnaround management. The firm offers a range of services, including value creation, transition planning, exit planning, and transaction advisory services. Joe Kessinger is widely recognized as a turnaround and startup expert, having advised over 100 businesses on alternative sources of capital.
Contact Information:
- Website: Capitus Group
- Phone: (913) 982-1200
- Email: info@capitusgroup.com
- Address: 9401 Indian Creek Parkway, Suite 200, Overland Park, KS 66210
Table of Services
| Service | Description |
|---|---|
| Transition Planning | Detailed plans for business transitions and ensuring smooth operations |
| Exit Planning | Strategies for exiting a business while maximizing value |
| Transaction Advisory | Expert advice on transactions, mergers, and acquisitions |
| Value Creation | Enhancing business value through strategic planning and operational improvements |
Credentials to Look for in a Turnaround Management Firm
When evaluating turnaround management firms, it’s essential to consider their credentials and certifications. Here are some important ones to look for:
-- Certified Turnaround Professional (CTP): A certification from the Turnaround Management Association (TMA) that indicates expertise and commitment to professional standards.
- Experience in Your Industry: Firms that have experience in your specific industry can offer tailored solutions that are more likely to be effective.
- Client References: Ask for client references and case studies to understand the firm’s track record and success rate.
- Professional Associations: Membership in professional associations like the TMA or the American Bankruptcy Institute (ABI) can be a mark of credibility.
Meridian Management Partners
Meridian Management Partners is known for their award-winning consultants and comprehensive services, including corporate restructuring, capital solutions, insolvency support, and strategic consulting. Their focus is on driving change and providing value to clients across all sizes and industries. A client review highlighted, “Meridian’s team navigated us through a complex financial restructuring with ease and professionalism”.
Contact Information:
- Website: Meridian Management Partners
- Address: 39 Newgate Road, Pittsburgh, PA 15202
- LinkedIn: Meridian Management Partners
Table of Services
| Service | Description |
|---|---|
| Corporate Restructuring | Guidance for financially-distressed companies to profitability |
| Capital Solutions | Navigating capital markets and securing necessary funding |
| Insolvency Support | Expertise and management support during insolvency situations |
| Strategic Consulting | Analysis, development, and execution of strategic plans |
| Interim Management | Temporary leadership to drive organizational goals |
Conclusion
Selecting the best turnaround management firm for your business in Kansas involves careful consideration of their experience, range of services, client testimonials, and credentials. Firms like CR3 Partners, Aurora Management Partners, Capitus Group, and Meridian Management Partners have proven track records and offer comprehensive services to help your business navigate through financial challenges. By focusing on the right credentials and strategic approaches, you can find a partner that not only stabilizes your business but also sets it on a path to sustained growth and success.
-For more detailed information on each firm and their services, visit their websites or contact them directly. The right choice could be the key to your business’s successful turnaround.