Bloomfield Hills, MI – May 1, 2017 – Mackinac Partners, a leading financial advisory, turnaround management and restructuring firm, is pleased to announce the addition of highly accomplished financial and restructuring advisor John Bittner to the firm.
Bittner, based in Dallas, joins the firm as Senior Managing Director and will lead Mackinac Partners’ Southwest Restructuring Practice. He has 25 years of experience providing financial advisory, restructuring and turnaround management services to Fortune 500 and mid-sized companies and their stakeholders. Bittner has served as a lead restructuring advisor, interim CEO, CFO , CRO and Senior VP in representing numerous companies, creditor groups and stakeholders facing out-of-court restructurings, Chapter 11 proceedings, disputes, operational improvement projects, and both acquisition and divestiture transactions.
Bittner has led turnaround and business transformation initiatives across a wide range of industries including energy, retail, manufacturing, construction, food and restaurant, distribution, industrial products, agriculture, and consumer products. He has advised numerous companies and stakeholders during out-of-court restructurings and Chapter 11 proceedings, including Enron Corporation, Metals USA, Texas Petrochemicals, Kaiser Gypsum Company, Parallel Energy Trust, Paul Reinhart Inc. and Idearc/Supermedia.
Bittner has also served in numerous interim management roles including Chief Restructuring Officer (CRO) for Deep Marine Technology, a Houston-based oilfield services company; CRO for HRD Corporation, a Houston-based chemical manufacturer; Surviving Officer for Opus West Corporation, a Phoenix-based real estate developer; and receiver for F. Rodgers Corporation, a northern California-based construction company. Bittner also served as an advisor and later as a member of the senior management team of AppleTree Markets, Inc., a mid-sized Houston-based supermarket chain. John was an integral member of the senior management team that helped drive a significant increase in the equity value of the company upon emerging from Chapter 11.
Bittner, a licensed CPA in the state of Texas, also has considerable risk mitigation and litigation support experience and has provided strategic and financial advisory to companies on key valuation issues, forensic accounting matters, and litigation disputes, including InverWorld, Opus West Corporation, and Fleming Companies.
“We are very pleased to welcome John to our senior management team at Mackinac Partners,” Mackinac Partners Co-founder and Managing Partner Jim Weissenborn said. “John has extensive experience in guiding companies through challenging turnaround and restructuring scenarios, including the design and implementation of financial and operational improvements that really drive value in a turnaround.” “John also has considerable industry experience across the oil and gas, chemicals, agriculture and manufacturing sectors, which will bolster the continued growth of our Southwest practice,” Weissenborn added.
Bittner previously served as a senior executive for several leading consulting practices, most recently serving as a Partner in the Business Recovery Services practice of PwC and as a Partner in the Corporate Advisory and Restructuring Services practice of Grant Thornton LLP. He is a Certified Insolvency & Restructuring Advisor (AIRA) and a Certified Turnaround Professional (TMA), in addition to being a CPA in the state of Texas.