Financial Consulting Services - Workouts and Distressed Assets
Managing businesses and/or assets that are in distress is not the same as managing those that are performing. Different skills sets are needed. As such, your management team that may have been built to grow your business may not be in the best position to manage that division, subsidiary or project that is currently not performing.
The Wheatfield Group can offer a broad range of services including a review, assessment and valuation of the asset/business or assuming management of the problem business or project. The Wheatfield Group can also assist you with developing new operating plans and approaches and/or disposition strategies for the distressed business.
The Wheatfield Group has considerable experience with real estate and business workouts, turnarounds and restructuring's. We understand the tough decisions and trade-offs that sometimes need to be made. This is typically not easy or fun and some "feathers will need to be ruffled". We know how to navigate through the various issues, including dealing with vendors, employees and customers during the process. The Wheatfield Group can assume complete management control over the distressed company or non performing asset or businesses or can provide our clients with detailed plans and recommendations on what to do and when to do it. We can assist with lender or borrower renegotiations and debt restructuring for a distressed loan. Our approach will be to first try to find a "win-win" solution, if possible. Our firmly held belief is that a negotiated settlement is almost always preferable to a legal process. We can be very creative in this area, and have been successful in finding relatively simple answers in situations where the parties on either side of the table are too wrapped up in the process and the past to find the solution.
Types of Projects
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Chicago, Illinois
Las Vegas, Nevada
Richmond, Virginia
Hartford, Connecticut