Turnaround Companies Recommended for our Clients
If you are on this web page, we may have recommended that you interview several turnaround companies and engage one of them. Experts from the turnaround companies will be able to help you fix and rebuild your firm and preserve the value of your securities.
On this web page, we give you some guidelines for selecting the best from several turnaround companies. In addition, we recommend two firms that we trust … but you are free to find any turnaround company that make sense for you.
What You Should Look for in a Turnaround Firm
- Turnaround experience with many companies
- Industry experience
- Reasonable fees (expect $200 to $300 an hour)
- Fees quoted as not to exceed or a fixed cost
- Hands-on leader versus a coach (does the restructuring company’s style match your needs?)
- Recommendation from a trusted source. (This is important … make sure to get recommendations of several restructuring companies)
We have a couple of restructuring companies that we recommend to our clients. Both of these firms work nationally and internationally.
Turnaround Central is a solid restructuring company that is known for its “how-to” manual, The Insider Secrets to Saving your Business: The Step-by-Step Turnaround Guide. This is a top-notch firm that has experience is many industries and regions. Turnaround Central is a direct affiliate of Greenhouse.
American Management Advisors is another quality firm that you should consider. This firm has over 20 years experience saving and rebuilding distressed firms. AMA’s headquarters is in Houston with a satellite office in Atlanta. We recommend AMA highly as well.
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