Keith A. Maib
Senior Managing Director
Keith co-leads Mackinac Partners’ Financial Restructuring, Transaction Advisory and Private Equity practice areas and plays a key role in the delivery of our service offerings across these areas including M&A/transaction services, Sell-side advisory, interim management, PE portfolio optimization, and PE subsidiary company performance improvement and restructuring. In this role, Keith has worked with key partners that include Z-Capital, Marblegate, American Capital, Fortress, Apollo, and Wells Fargo in portfolio company restructuring projects, M&A and subsidiary sales, acquisition due diligence, PE portfolio and held company performance improvement, and post-acquisition and capital advisory services.
Keith has over 25 years of diversified business experience including serving as a partner in two international accounting firms. He has extensive experience in leading companies through periods of pervasive change and turmoil and is nationally recognized as a leading turnaround executive. Keith’s industry experience includes insurance (both P&C and Life), telecommunications, hospitality, retail, real estate, technology and manufacturing.
Keith recently served as the Chief Restructuring Officer for American iconic gun manufacturer and supplier Colt Defense. Keith helped guide the company through a Chapter 11 filing and plan of re-organization which resulted in Colt’s successful emergence with significantly restructured and reduced debt ($200M), improved capital structure, including $50M in new capital, and an enhanced liquidity profile.
The restructuring team and company were awarded the 2016 Turnaround of the Year Atlas Award, Upper Mid Markets from the Global M&A Network. For his role as Chief Restructuring Officer, Keith was named Turnaround Consultant of the Year, Middle Markets.
Keith recently served as the Chief Restructuring Officer of global hog producer AgFeed Industries, Inc. and its US operating subsidiary, AgFeed USA LLC where, working closely with company Directors and BDO, he successfully guided the company through Chapter 11 US bankruptcy court and a facilitated the §363 sale of AgFeed’s North American assets to Tri Oak Foods and Murphy-Brown. The transaction delivered a 25% premium to value over the stock, and provided the capital and liquidity to then market and sell the distressed Chineese operations to eventual buyer Ningbo Tech-Bank Co Ltd in what is believed to be the first ever acquisition by a Chinese company of the Chinese operations of US Chapter 11 debtor.
Mackinac Partners and Keith Maib were recognized with several key awards related to the AgFeed restructuring and transactions including 2014 Transaction of the Year by the Turnaround Management Association; International M&A Deal of the Year, Agriculture Deal of the Year and §363 Sale of the Year by the M&A Advisor; as well as receiving a 2014 Champions Award from the Association for Corporate Growth. For the complete business case, please visit: http://www.mackinacpartners.com/case-studies/agfeed-industries-inc/. Keith, a Senior Managing Director for Mackinac Partners who helped direct the transaction, was also named as one of the “Top 100 Global Restructuring and Turnaround Professionals for 2014” by the Global M&A Network, an organization of financial leaders across the M&A, turnaround and alternative investor communities.
Keith also previously served as the interim Chief Executive Officer and Interim Chief Financial Officer for PlayPower Holdings, Inc., the world’s largest, fully integrated manufacturer of commercial playground equipment and floating dock systems. Keith was instrumental in leading the Company’s successful turnaround and restructuring of $300 million of debt and $45 million of new capital. Mackinac Partners was awarded M&A Advisor’s Industrial Manufacturing/ Distribution Deal of the Year and The Global M&A Network’s Turnaround of the Year Middle Market for its roles serving PlayPower.
Keith previously served as the Interim Chief Operating and Marketing Officer for Sunterra Corporation (hospitality, vacation ownership development and marketing), Interim Chief Financial Officer of Norwood Promotional Products (consumer and promotional products), Chief Executive Officer of Worldnet Communications, Inc. (telecommunications) Chief Executive Officer of Penncorp Financial Group, Inc. (financial services and insurance), Chief Financial Officer of Acordia, Inc. (financial services and insurance brokerage) and Chief Operating Officer of Borland International, Inc. (technology and software development).
Keith graduated from the University of Kansas in 1981 with a Bachelor’s degree in business administration and an emphasis in accounting.View Other Professionals