TURNAROUND & RESTRUCTURING
Expert Turnaround and Restructuring Solutions
Blackmore specializes in turnarounds, transforming distressed businesses with their extensive experience. They lead turnarounds, build stakeholder consensus, and manage expectations effectively. Their results-oriented approach guarantees success by balancing priorities with PE and portfolio companies. Blackmore excels in quick decision-making, preserving value, and collaborating with leadership to enhance financial results and maximize recoveries.
Blackmore excels because we are investors first, with exceptional talent for recruiting. In early, mid, or late-stage turnarounds, we match talent precisely to the business stage and industry. Our vast network, with over 60,000 connections, allows us to quickly bring in the right talent. This includes 27,000 first-degree connections with senior leaders in various industry niches on LinkedIn and over 34,000 followers, giving us almost instant access to millions of leaders. In turnaround situations, speed and the skill of the talent are paramount.
Chief Restructuring Officer (CRO) Role
Blackmore’s experienced CROs work with CEOs and CFOs, handling restructuring while allowing leadership to focus on core business. CROs may take on statutory responsibility, ensuring leadership remains undistracted and engaged with key stakeholders.
Meet Our Leadership Team
Rene de Wit-CEO
René strengthens companies by enhancing performance, managing transformations, and supporting management teams. With expertise in restructuring and M&A, he has led numerous successful turnarounds in automotive, manufacturing, transport, logistics, banking, and technology sectors.
Walt Tarpley-COO
CHADWICK S. PARSON
Chadwick S. Parson is the CEO and President, previously serving on the Board of Directors and as a Managing Director at J.P. Morgan. With a 20-year career in investment banking, he held roles in debt markets and risk management. He is a member of the New York Bar Association and holds degrees from Duke University and Fordham University School of Law.
Michael K. Lorelli
Leading Turnaround and Restructuring Experts
Explore more of our services and offerings below!
Leadership
Leadership in private equity restructuring guides the process, builds consensus, and manages expectations. They work with management to balance priorities, manage liquidity, and execute strategic decisions effectively.
Analysis
Analysis in private equity restructuring involves evaluating financial data, identifying risks and opportunities, and developing strategic solutions to preserve and enhance enterprise value.
Financial Remodeling
Financial remodeling in private equity restructuring involves redesigning a company's financial structure to improve liquidity, optimize performance, and maximize stakeholder value.
Corporate Finance
Corporate finance in private equity restructuring focuses on managing capital structure, funding strategies, and financial planning to stabilize and enhance the company's value.
Debt Restructuring
Debt restructuring in private equity involves renegotiating terms with creditors to reduce financial burden and improve the company's financial health during a turnaround.
Legal Partners
Legal partners play a crucial role in private equity restructuring by navigating regulatory requirements and managing legal aspects to facilitate a smooth turnaround process.
- Strong brand value (BMP)
- Experienced executive team with diverse backgrounds and proven track records
- Comprehensive program execution capability (beyond IBR and governance limitations)
- Emphasis on quality assurance throughout the program
- Willingness to take on statutory responsibilities if necessary
- All-in-one service provider with a wide range of skills
- Senior executive level engagement, no traditional consulting team approach
- Strategic repositioning programs in collaboration with BMP partner firms
- Focus on execution rather than solely on reportin
Turnaround and restructuring officers typically focus on industries facing financial distress or operational challenges that require significant intervention to stabilize and recover. These industries often include:
Retail: Many retail businesses face challenges due to changes in consumer behavior, competition from online retailers, or poor financial management.
Service Industries: Restructuring in service industries involves enhancing service delivery and adopting digital solutions to stay competitive.
Food & Beverage: In the food & beverage industry, restructuring aims to optimize costs, innovate products, and expand market reach.
Higher Education: Restructuring in higher education focuses on financial reorganization and operational efficiency to address declining enrollment and rising costs.
Hospitality: Hotels, restaurants, and other hospitality businesses can struggle during economic downturns or due to mismanagement issues.
Manufacturing: Industries such as automotive, heavy machinery, and other manufacturing sectors can face difficulties due to supply chain disruptions, technological changes, or economic downturns.
Healthcare: Hospitals, clinics, and healthcare organizations may require restructuring due to regulatory changes, financial mismanagement, or declining revenues.
Energy: Companies involved in oil and gas, renewable energy, and utilities may require restructuring due to fluctuating commodity prices, regulatory changes, or operational inefficiencies.
Financial Services: Banks, insurance companies, and other financial institutions may need restructuring due to economic crises, regulatory issues, or internal management problems.
Technology: Even though technology is often seen as a growth sector, startups and tech firms can face challenges related to rapid expansion, changing market dynamics, or product obsolescence. To learn more about the Industry of Technology, check out the following case study titled: Insights and Investment Opportunities in Automation & Use of AI – 3rd Quarter 2024
Automotive: The Automotive Industry often faces challenges due to fluctuating market demands, increased competition, supply chain disruptions, and financial management issues. To learn more about the Automotive Aftermarket Industry check out the following case study titled: Insights and Investment Opportunities in the U.S. Automotive Aftermarket – 2nd Quarter 2024
Business Process Outsourcing: The BPO industry often faces challenges related to shifting client demands, increasing automation, and cost pressures, requiring strategic restructuring to remain competitive and efficient. To learn more about the BPO Industry, check out the following case study titled: Business Process Outsourcing Industry Research
Clients we serve
- privately held/family owned, private equity,
not-for-profit, multinational subsidiary
Key Capabilities
Financial Restructuring
- Interim CRO & CFO
- Cash & working capital management
- Financial forecasting
- Refinancing
- Assignments for the benefit of creditors/receiverships
- Forensic accounting
- Bank/supplier/customer negotiations
Operations & Process Improvement
- Shop floor operations & processes
- Supply chain design & management
- Inventory control & scheduling
- Product costing & estimating
- Process improvement & Kaizen events
Transformational Restructuring
- Consolidation & relocation
- Asset dispositions
- Postmerger integration
- Strategic planning
Transaction Assistance
- Buy- & sell-side due diligence
- Valuation services
- Section 363
transaction assistance