Matt is a Senior Managing Director with 25 years of experience providing financial and operational advisory services to distressed organizations. Matt joined Mackinac Partners (acquired by Accordion in 2021) in 2002 and focuses his work on corporate restructurings and mergers and acquisitions, leveraging complex financial and operational analytics to improve distressed businesses. Matt is a past recipient of the M&A Advisor’s 40 Under 40 Recognition Award, and has received numerous awards from leading industry organizations.
Matt typically represents underperforming companies, including those in Chapter 11 or out-of-court restructurings, but also has experience across the capital structure including lenders and buyers.
Matt has experience serving in C-Level roles at companies undergoing significant change. Matt served as Chief Transformation Officer of B2B mass communications company, with CEO and CFO as direct reports where he negotiated restructuring which included lender and investor participation and reorganized executive team to facilitate stability, turnaround and growth.
He also served as CEO (6 mo) and CFO (12 mo) of a B2B electronic device repair and refurbishment company. As CFO, Matt led the Finance, HR, IT and Legal functions during the company’s repositioning away from mobile products subsequent to the loss of a material customer. In addition to dramatically improving EBITDA, Matt helped settle over $20 million in legacy liabilities and create a culture of discipline and accountability.
Matt operated as CFO of a managed services and hosting company, where he customary distressed treasury functions while also negotiating a forbearance agreement and designing / executing a plan eliminating 20% from operating expenses.
Additionally, Matt was the de facto CFO of multi-level marketing jewelry company. Here, he led the executive team and operations while advising the Board in its evaluation of strategic options, concluding with a successful transfer of the business to the secured lender.
Matt also recently advised an independent sponsor on four acquisitions – an oilfield services device manufacturer, a direct mail home improvement business, a leading provider of mass communication services, and a horizontally integrated B2C timeshare services business. In addition to buy-side diligence, Matt was then responsible for development and implementation of a strategic value creation plan to grow EBITDA and professionalize the businesses. Matt serves on the Board of Directors for two of these companies.
Matt represented a leading global, non-distressed timeshare company in the acquisition and integration of multiple distressed competitors with total transaction values of greater than $450 million. His sell side M&A experience includes several §363 sales and out of court divestiture transactions.
Previously, Matt served as an independent consultant emphasizing corporate restructuring and was a management consultant for PricewaterhouseCoopers.
Matt earned his B.A. in accounting from Michigan State University and his M.B.A. from the Eli Broad Graduate School of Management at Michigan State University. He is a former Board member and Vice President of the Turnaround Management Association, Member of the American Bankruptcy Institute (ABI). Matt is a Certified Insolvency and Restructuring Advisor (CIRA) and Certified Turnaround Professional (CTP).
"There are no secrets to success. It is the result of preparation, hard work and learning from failure." - Colin Powell