Best New York Turnaround Management Firms
Navigating the complexities of financial distress and business restructuring can be daunting. Whether your business is facing operational inefficiencies or severe financial challenges, choosing the right turnaround management firm is crucial. In New York, several firms stand out for their expertise and proven track records. This article delves into the best turnaround management firms in New York, highlighting their services, client reviews, and contact information. Let’s explore what makes these firms exceptional and how they can help your business achieve stability and growth.
Alvarez & Marsal
Overview
Alvarez & Marsal (A&M) is a globally recognized professional services firm specializing in turnaround management, performance improvement, and business advisory services. With a hands-on approach and operational expertise, A&M helps businesses navigate through financial difficulties, ensuring sustainable growth and stability.
-Services
- Turnaround Management: Strategies for stabilizing and improving business operations.
- Performance Improvement: Enhancing operational efficiency and effectiveness.
- Business Advisory: Comprehensive advisory services, including restructuring and merger integration.
- Bankruptcy Advisory: Support through complex bankruptcy processes and strategic restructurings.
Contact Information
- Website: Alvarez & Marsal
- Phone: +1 212-759-4433
- Address: 600 Madison Avenue, New York, NY 10022
- Email: inquiries@alvarezandmarsal.com
Client Reviews
“A&M’s strategic insights and practical solutions were key to our turnaround,” says Michael T., a satisfied client. Another client, Lisa R., mentions, “Their commitment to delivering tangible results is evident in every interaction.”
Table of Services
| Service | Description |
|---|---|
| Turnaround Management | Strategies for stabilizing and improving business operations. |
| Performance Improvement | Enhancing operational efficiency and effectiveness. |
| Business Advisory | Comprehensive advisory services, including restructuring and merger integration. |
| Bankruptcy Advisory | Support through complex bankruptcy processes and strategic restructurings. |
Deloitte
Overview
Deloitte is renowned for its comprehensive approach to turnaround management, offering services that span financial restructuring, operational turnaround, and strategic planning. Their team of experts provides the leadership and expertise needed to revitalize struggling businesses.
Services
- Financial Restructuring: Developing and implementing strategies to restructure financial obligations.
- Operational Turnaround: Improving operational efficiency and effectiveness.
- Strategic Planning: Long-term strategic planning to ensure sustainable growth.
- Creditor Advisory: Advisory services focused on maximizing recoveries during restructuring.
Contact Information
- Website: Deloitte
- Phone: (212) 436-2000
- Address: 30 Rockefeller Plaza, New York, NY 10112
Client Reviews
“Deloitte’s turnaround services were instrumental in revitalizing our business,” states a Yelp review. Another client praises the team’s depth of expertise and comprehensive approach.
Table of Services
| Service | Description |
|---|---|
| Financial Restructuring | Developing and implementing strategies to restructure financial obligations. |
| Operational Turnaround | Improving operational efficiency and effectiveness. |
| Strategic Planning | Long-term strategic planning to ensure sustainable growth. |
| Creditor Advisory | Advisory services focused on maximizing recoveries during restructuring. |
CR3 Partners
Overview
CR3 Partners is a management consulting firm that provides strategic solutions to companies facing financial and operational challenges. Their services range from assessments and performance improvement to bankruptcy advisory and creditor services.
-Services
- Assessments: Providing meaningful and actionable insights.
- Restructuring & Turnaround: Tactical adjustments and strategic planning.
- Interim Management: Executive leadership during critical times.
- Performance Improvement: Identifying and executing improvements for maximum impact.
- Bankruptcy Advisory: Guiding clients through insolvency proceedings.
Contact Information
- Website: CR3 Partners
- Phone: +1 212-930-4800
- Address: 110 E 59th St, New York, NY 10022
Client Reviews
“CR3 has helped us to see a path in a very uncertain time,” a client remarks. Another review highlights the firm’s ability to introduce new ways to interpret and act upon data, fostering recovery and growth.
Table of Services
| Service | Description |
|---|---|
| Assessments | Providing meaningful and actionable insights. |
| Restructuring & Turnaround | Tactical adjustments and strategic planning. |
| Interim Management | Executive leadership during critical times. |
| Performance Improvement | Identifying and executing improvements for maximum impact. |
| Bankruptcy Advisory | Guiding clients through insolvency proceedings. |
Avant Advisory Group
Overview
Avant Advisory Group specializes in operational turnarounds and financial restructuring. They provide comprehensive services to assist companies, investors, and creditors in dealing with underperforming and insolvent companies, transforming them into value-generating businesses.
Services
- Financial and Operational Advisory: Strategic and operational assessment, financial forensics, and business valuation.
- Crisis Management: Situation assessment, viability and liquidity analysis, and interim management.
- Insolvency and Bankruptcy: Analysis of preferences and fraudulent transfers, securing debtor-in-possession financing, and restructuring plan development.
Contact Information
- Website: Avant Advisory Group
- Phone: 949-417-5708
- Address: 485 Lexington Avenue, New York, NY 10017
Client Reviews
“In a tense turnaround situation, Avant managed to deliver the analysis and recommendations needed without ruffling any feathers,” notes Jonathan A. Victor, Managing Director at Balmoral Advisors.
Table of Services
| Service | Description |
|---|---|
| Financial and Operational Advisory | Strategic and operational assessment, financial forensics, and business valuation. |
| Crisis Management | Situation assessment, viability and liquidity analysis, and interim management. |
| Insolvency and Bankruptcy | Analysis of preferences and fraudulent transfers, securing debtor-in-possession financing, and restructuring plan development. |
Aurora Management Partners
Overview
Aurora Management Partners provides business consulting, investor services, creditor services, and corporate governance advisory. Their pragmatic approach and experienced team offer strategic solutions for complex financial, operational, and strategic issues.
Services
- Turnaround and Restructuring: Strategic planning and operational improvements.
- Interim Management: Providing executive leadership during transitions.
- Creditor Services: Advisory services aimed at optimizing recoveries for creditors.
- Corporate Governance: Enhancing governance practices to ensure compliance and performance.
Contact Information
- Website: Aurora Management Partners
- Phone: +1 704-347-1112
- Address: 420 Lexington Avenue, New York, NY 10170
Client Reviews
“Aurora’s team provided the necessary expertise and leadership during a critical period,” says one client. Another review highlights their ability to address core challenges with maximum beneficial impact.
-Table of Services
| Service | Description |
|---|---|
| Turnaround and Restructuring | Strategic planning and operational improvements. |
| Interim Management | Providing executive leadership during transitions. |
| Creditor Services | Advisory services aimed at optimizing recoveries for creditors. |
| Corporate Governance | Enhancing governance practices to ensure compliance and performance. |
The Keystone Group
Overview
The Keystone Group is a boutique management consulting firm serving mid-market manufacturing and distribution clients. Their results-oriented approach focuses on growth strategy, operational improvement, financial restructuring, and acquisition integration.
Services
- Growth Strategy: Developing plans to drive business growth.
- Operational Improvement: Enhancing efficiency and effectiveness.
- Financial Restructuring: Addressing financial challenges to stabilize and improve business operations.
- Acquisition Integration: Seamlessly integrating acquisitions to maximize value.
Contact Information
- Website: The Keystone Group
- Phone: +1 312-960-5300
- Address: 101 E Erie St, Chicago, IL 60611
Client Reviews
“Keystone’s hands-on leadership and strategic advice were invaluable during our restructuring,” mentions a client. Another review praises their commitment to preserving value and achieving results.
Table of Services
| Service | Description |
|---|---|
| Growth Strategy | Developing plans to drive business growth. |
| Operational Improvement | Enhancing efficiency and effectiveness. |
| Financial Restructuring | Addressing financial challenges to stabilize and improve business operations. |
| Acquisition Integration | Seamlessly integrating acquisitions to maximize value. |
Selecting the right turnaround management firm can make a significant difference in overcoming financial challenges and achieving sustainable growth. The firms listed above offer a range of services tailored to meet the unique needs of businesses in distress. By leveraging their expertise and comprehensive approach, you can navigate through financial turbulence and set your business on a path to recovery and success.
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