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Peter Hartheimer is a Vice President with Gavin/Solmonese. He has over fifteen years of experience with mergers and acquisitions of distressed corporations. He has worked in both equity and agent capacities for private equity concerns, law firms, accounting firms, commercial banks, financial advisors, and industry corporations. A sample of his client engagements include capital restructuring, corporate reorganizations, buy and sell side advisory, and assets disposition.
Peter concentrates in middle market distressed transactions and has extensive experience working within the bankruptcy process. Originally, he was a principal and investor for troubled technology acquisitions and later as senior management in the role of the business development officer for a private equity and merchant banking fund. He has participated in over 35 transactions. His knowledge base includes a keen understanding of valuation and asset recovery. He is skilled at the negotiations of complex sales agreements and has implemented numerous plans of reorganization.
Peter has experience in the following industries: healthcare, commercial and general aviation, automotive, avionics, rail, material handling, general manufacturing, pulp and paper, agribusiness, retail, and distribution as well as many others. Some of the companies in which he has been involved include: Agway, Hitachi Seki, Tiger Aircraft, Hempstead Island Medical Center, and Iron Horse Bicycles.
Before entering the financial services industry, Peter spent 12 years working in industrial engineering software application in support of JIT and lean manufacturing. His clients included Ford, Pratt and Whitney, Northrop-Grumman, Ingersoll-Rand, New Holland, Halliburton, Boeing, Deere and Company, Hatteras Yachts, Yale Material Handling, and many others.
Previously he has held senior management positions at several firms, including; president of Generative NC Technologies, General Manager of FMS Software and Division of Finn Power USA, senior vice president of ClearBid Capital, and Principal of General Capital Partners.
Peter earned a Bachelor of Arts from the State University of New York at New Paltz and is a member of the American Bankruptcy Institute. Additionally, he has served in the leadership of the American Bankruptcy Institute healthcare committee.
o: 302.655.8997 ext. 233
Luke Snyder is a director at Gavin/Solmonese. He has extensive experience serving privately-held middle market companies as an outside auditor, financial executive, and most recently as a consultant. He has a broad range of industry experience, having served clients in the aerospace, dairy products, food and beverage, packaging, franchising, real estate, healthcare, and textile industries.
Luke has proven expertise in business analysis and modeling, as well as identifying and implementing improvement opportunities in inventory management and cost reductions. Based upon well-developed cash flow analyses, he has assisted stakeholders to identify strategic alternatives. He has particular experience assisting distressed businesses that are seeking to stabilize and improve cash flow, implement strategic inventory and fixed cost reductions as part of a turnaround plan, during a restructuring, or in preparation for a sale of the business.
Prior to joining Gavin/Solmonese, Luke served as the senior financial executive of a textile manufacturer, as the company’s CFO transitioned into retirement. Shortly thereafter, it experienced unprecedented industry-wide erosion of demand resulting in a crisis situation, during which he actively managed cash flow, while assisting the company’s lenders, advisors, and its investment banking firm to successfully execute a sale of the company assets.
Previously, Luke was an auditor at “Big Four” public accounting firms, most recently with PricewaterhouseCoopers, LLP in its Private Client Service (PCS) practice, where he provided services to middle market manufacturing, service and healthcare clients, ranging from $40 million to more than $500 million in revenue.
Luke Snyder is actively involved in his community, where he recently provided financial expertise to the Churchill Institute on Leadership and Development, during the implementation of a very successful strategic turnaround plan at St. Dominic’s Catholic School (SDS) in Northeast Philadelphia. SDS received national recognition for its turnaround efforts at the 2009 National Catholic Educational Association convention in Anaheim, California. Over a two-year period while Luke served as the financial advisor to SDS, and chair of the finance committee, the school returned to viability and experienced a dramatic reduction in overall subsidy levels.
Luke earned a Bachelor of Science suma cum laude with concentrations in accounting and management information systems from Drexel University. He is a certified public accountant in Pennsylvania (inactive license), and is a member of the American Institute of Certified Public Accountants (AICPA), the Pennsylvania Institute of Certified Public Accountants (PICPA), the Turnaround Management Association (TMA), and the American Bankruptcy Institute (ABI).
o: 302.655.8997 ext. 231
Jeremy VanEtten is a senior consultant at Gavin/Solmonese and part of its Creditor Services Group. Jeremy provides bankruptcy consulting services to liquidating trusts such as claims administration, preparing preference analysis computations, and assisting in the preparation of tax filings. During trust administration, Jeremy interacts with creditors regarding claims and distributions, completes post-confirmation quarterly reports and calculates United States trustee fees.
Jeremy is a key team member in 15 trust engagements. Most recently, he provided claims analysis and avoidance action support for the Creditors’ Committee in the Frank Parsons case.
Prior to joining Gavin/Solmonese, Jeremy was a director at Comcast-Spectacor where he lead the Philadelphia Soul out of bankruptcy and to a successful return to the AFL. He oversaw all aspects of sales and marketing for the restart of the franchise. Jeremy earned a Bachelor of Science in business administration from Cairn University School of Business and Leadership, and an MBA from Temple University’s Fox School of Business. Jeremy is a member of The American Bankruptcy Institute and The International Women’s Insolvency & Restructuring Confederation of Delaware. He is an adjunct professor of marketing and advertising at Cairn University in Langhorne Pennsylvania.
o: 302.655.8997 ext. 154
Charles F. Lewis is a senior consultant at Gavin/Solmonese He has over 15 years of management experience in various industries. His previous responsibilities have included profit and loss management, strategic planning, and budget/forecast development. Charles's experience extends to the distribution, construction, industrial service and food service, industries.
Charles supports Gavin/Solmonese’s Creditor Services Group in its bankruptcy and insolvency business segment, and provides experience in client research and acquisition as well as support to the various facets of bankruptcy work. Charles also provides financial statement analysis as it relates to the cash flow of various organizations.
Prior to joining Gavin/Solmonese, Charles held various senior financial management positions where he was responsible for the profitability and positive cash flow of entrepreneurial and fast-growing companies. He served as the controller for QSL-Plus/CONAM, Inc., a multi-state, industrial inspection company specializing in nondestructive testing, and more recently, as the controller for Pro-Tech Floors, LLC, a commercial flooring contractor. Charles was also responsible for the operational restructuring of these organizations to meet a high rate of growth as well as evaluating infrastructural and personnel needs, and was responsible for the successful implementation of improved policy and procedures with an emphasis on improving collections and financing ability. Charles's prior bankruptcy and insolvency experience was obtained at Parente Randolph where he was an accounting specialist.
Charles earned a Bachelor of Science in accounting from West Chester University, and previously served in the U.S. Naval Intelligence Service.
o: 302.655.8997 ext. 151
Ted Gavin is a Certified Turnaround Professional and Managing Partner in Gavin/Solmonese’s Wilmington, DE office. He has over 15 years of experience working with distressed companies and their stakeholders in diverse industries including retail, transportation, regulated and non-regulated manufacturing, pharmaceutical and healthcare, professional services construction, and metal-forming, among others. Ted has served leadership roles in engineering, manufacturing, I.T., and regulatory affairs functions. Ted has extensive experience in strategic planning, process re-engineering, and hands-on management in for-profit, non-profit and public sector operations. Ted frequently testifies in support of unsecured creditor issues and to improve unsecured creditor recoveries and his testimony has been accepted as expert before U.S. bankruptcy courts.
Ted specializes in bankruptcy matters and creditor recoveries, having successfully served debtors, creditors and secured lenders in numerous cases and has led turnarounds and creditor committee engagements for companies with multi-site US, Canadian, European, Asian and Middle East operations. Ted is a Lifetime and Century Council Member of the American Bankruptcy Institute (ABI), a member of the Turnaround Management Association, the National Association of Credit Management and is an Associate Member of the Association of Certified Fraud Examiners. Ted has written articles for The Journal of Corporate Renewal, Business Credit Magazine, Credit & Collections Risk and other publications. He is a member of the American Bankruptcy Institute Journal Editorial Board for Unsecured Creditor and Financial Advisor topics and is currently Co-Chair of the American Bankruptcy Institute Financial Advisors’ Committee and previously served as Co-Chair and Education Director of the American Bankruptcy Institute Professional Ethics Committee. In 2009, Ted became Co-Chair of the American Bankruptcy Institute Mid-Atlantic Bankruptcy Workshop and a member of the ABI Mid-Atlantic Development Committee. In May 2011, Ted was appointed to the American Bankruptcy Institute’s National Professional Standards Task Force. Ted lectures frequently on professional ethics and unsecured creditor topics and has created educational sessions for the Delaware Bankruptcy Inns of Court. He is a member of the Board of Directors of the Chamber Orchestra of Philadelphia, Women’s Campaign International and EMILY’s List and has worked extensively in administration of non-profit entities.
Boris Steffen is an expert in accounting, corporate finance, valuation, and solvency with multi-industry, multi-company experience assisting clients in managing a wide range of operating, financing, and investing transactions, claims, and litigation. Matters in which he has consulted or testified include antitrust and competition policy, bankruptcy, restructuring and insolvency, contracts, corporate governance, ERISA, going private transactions, intellectual property, international trade and arbitration, mergers and acquisitions, valuation, pricing, costs and profitability, securities, and taxes.
Boris has advised in negotiated as well as hostile transactions and claims valued in excess of $100 billion. Sectors in which he has consulted include the aerospace, aggregates, automotive, beef processing, biotechnology, business services, cable network, chemical, consumer product, construction, defense, document management, electronic imaging, financial services and banking, food and beverage, healthcare, independent power, information technology, insurance, internet, newspaper, magazine, pharmaceutical, oil and gas, printing, pumps and controls, retail, semiconductor, software, steel, telecom, tobacco, electric utility, and water industries. In hearings to review the proposed $13 billion merger of Exelon Corp. and PSEG, Boris testified regarding the merger’s efficiencies, while in FTC v. Staples/Office Depot, he testified as to industry structure, efficiencies, pricing, and profitability. Boris also consulted on damages in the Enron Mega Claims bankruptcy and AMD and Intel antitrust cases, on fair value in the Delaware Chancery court shareholder litigation regarding Xerox’s $6.4 billion acquisition of ACS, and testified regarding merger efficiencies in the Sirius XM Radio Inc. antitrust merger claim in the Southern District of New York.
Boris has held positions in finance, public policy, corporate development, and consulting with Inland Steel Industries, the FTC, Bureau of Competition, U.S. Generating, and LECG. He holds a Master of Management with specializations in accounting and finance from the Kellogg School of Management of Northwestern University, and a Bachelor of Science in Finance and Bachelor of Music in applied music from DePaul University. He is an accredited senior appraiser, certified public accountant, accredited in business valuation, certified distressed business valuation analyst, and member of the AICPA, ABA, ABI, Insol International, AIRA, ASA and American Finance Association.
o: 215.854.6335 (Philadelphia)
o: 302-655-8997 ext. 152 (Wilmington)
Wayne Weitz is a senior financial professional with more than 20 years of experience advising clients and executing transactions as a principal in corporate finance and capital structure optimization, restructuring, mergers and acquisitions, financial management, and bankruptcy. In the corporate sector, Wayne served as director of corporate finance for Equifax Inc. (NYSE: EFX) where he was responsible for capital allocation, strategic planning, and international acquisitions. His responsibilities included valuation of potential acquisitions and investments, as well as deal execution. He developed the first long-range planning model for Equifax, a rolling 10-year analytical framework for optimizing cash flow, investment and dividend policy. Wayne served as chief investment officer and treasurer for Asbury Automotive Group (NYSE: ABG), a $5 billion (revenues) group of more than 100 auto dealerships, where he structured, negotiated, and administered a $1.3 billion comprehensive credit facility and completed acquisitions of dealerships and real estate. As an advisor, Wayne has served as financial advisor to debtors and creditor committees as well as chapter 11 trustee and liquidating trustee. He began his career as an investment banker and has completed more than 85 acquisitions, dispositions, and capital formation transactions. He recently restructured more than $400 million in construction financing for three significant luxury hotel, condominium, and resort developments around the world.
Wayne earned a Bachelor of Arts in economics and politics from Brandeis University and an MBA in finance and accounting from the University of Chicago Booth School of Business. He is a member of the board of directors of the Turnaround Management Association – Philadelphia Chapter and is a member of the leadership for the American Bankruptcy Institute’s Financial Advisor and Investment Banking Committee. He has been nominated to the board of directors of the Peoples Emergency Center Foundation, a Philadelphia-based non-profit organization supporting development of transitional programs and housing for single-parent families in need.
o: 302-655-8997 ext. 234
Sarah Pugh is a senior director at Gavin/Solmonese and part of its Fiduciary Services Group. Ms. Pugh has years of experience as a practicing attorney and provider of fiduciary services in bankruptcies and restructurings. She joined Gavin/Solmonese from Walker Nell Consultants, Inc., where she was a senior consultant, with her practice including bankruptcy consulting services to liquidating trusts, such as claims administration, preparing liquidation analyses, litigating avoidance actions, assisting in the preparation of tax filings, managing the assets of the bankruptcy estate, and preparing filings with the bankruptcy court. She has also prepared pleadings based upon substantial preference analysis computations and claims objections, and has participated in settlement negotiations.
Sarah is the Plan Administrator for Montgomery Wards, LLC, the largest retail bankruptcy liquidation in U.S. history. Most recently she advised Creditors’ Committee in Frank Parsons case, resolving nearly $8 million in avoidance actions without litigation and potential 50-60% recovery to unsecured creditors. Her leadership in PPI Holdings resulted in approval of a liquidation plan in an administratively insolvent case. She has led teams advising trustees of nearly 20 trust engagements representing over $500 million in claims.
Sarah earned a Bachelor of Science in accounting from Pennsylvania State University with a minor in business law, and a Doctor of Jurisprudence degree cum laude from Syracuse University College of Law. She was an active member of the Syracuse Law review and was the treasurer of the Tax Society. Sarah currently serves on the board of directors of International Women’s Insolvency & Restructuring Confederation - Delaware and Women’s Campaign International. She is a member of the American Bankruptcy Institute, the American Bar Association, and the Delaware Inns of Court. Sarah is the chair of ABA’s Working Group on Rule 2014 Disclosures. She published, with Jeff Sklarz, “The Connections Conundrum: Compliance with Rule 2014 and a Call for Clarity and Guidance” in the ABA Business Bankruptcy Newsletter. After the U.S. Supreme Court’s landmark decision in the Anna Nicole Smith case, Sarah’s article discussing the impact of the Stern decision appeared in the same publication. Sarah was recently named as one of Turnarounds & Workouts' People to Watch in 2012 – Business Professionals Making Their Mark.
Joe Solmonese is a managing director and founding partner of Gavin/Solmonese and leads the firm’s Washington, D.C. office. Joe leads the firm’s Corporate Strategy, Public Affairs and Policy practice, where he advises corporations on organizational effectiveness strategies and policy development and implementation across a diverse spectrum of topics. Joe also brings his significant experience to advising both political campaigns and corporate brand campaigns.
Prior to forming Gavin/Solmonese, Joe served for seven years as the president of the Human Rights Campaign(HRC), the nation's largest gay, lesbian, bisexual and transgender advocacy organization. Under Joe's leadership, HRC was instrumental in passing landmark legislation such as the Matthew Shepard and James Byrd, Jr. Hate Crimes Prevention Act as well as the repeal of "Don't Ask, Don't Tell." HRC, under Joe's leadership, also played a key role in winning full marriage equality in eight states plus the District of Columbia. Prior to joining the Human Rights Campaign, Joe spent nearly 13 years at EMILY'S List, one of the nation's largest political action committees, devoted to electing women to higher office. During his final two years there, Joe served as the organization's CEO.
Gary Adelson is a managing director of Gavin/Solmonese in the Los Angeles office. He has over 25 years experience in all areas of the media, entertainment, and sports and gaming businesses. He has held roles as Chairman, CEO, and Managing Director at entertainment and media companies, venture capital firms, and investment banks, and has experience in a range of media verticals such as new media technologies, broadcast, distribution, syndication, production, cable, telecommunications, and online gaming, among others. Gary's experience includes analyzing and implementing strategic and operational change, including re-strategizing and refining and implementing new business strategies and redeployment of capital to changing industry conditions. He has extensive experience in financing and refinancing of businesses, leading them to eventual sale or mergers, and implementing of new strategies including refinement of sales and business development strategies.
Prior to joining Gavin/Solmonese, Gary was a managing director of the Media, Sports, and Entertainment (MSE) Group at Houlihan Lokey, the largest middle market investment bank in America where the MSE Group advised on such transactions as the acquisition of MGM by Sony, Comcast, and various private equity groups, NBC’s acquisition of Vivendi Universal, as well as the sale of Media Defender.
Gary earned a Bachelor of Arts from University of California, Los Angeles. He has served on boards of several charitable organizations including the Pediatric Aids Foundation, Cedar Sinai Sports Spectacular, and was Director of Israel’s 50th Anniversary Celebration. He was chairman of UCLA’s Venture Capital Board, and a board member of the recently formed New Media Board.
o: 610.660.0060 ext. 225
Tom Hays is a Founding Principal of NHB Advisors, Inc., a Gavin/Solmonese company. During his tenure, he has provided leadership as interim chief executive officer, chairman or advisor to the Board in a wide variety of companies both private and public. He is an honorary inductee in the Turnaround Management, Restructuring and Distressed Investing Industry Hall of Fame. He has extensive experience in manufacturing, distribution, operations, accounting, restructuring, refinancing, and litigation. His litigation and expert witness work includes The Penn Central Boston Perishable Litigation and as the trustees expert in the Merry-Go-Round vs. Ernst and Young litigation. Tom is principal in charge of Gavin/Solmonese’s Auto Dealer Group.
Tom is actively involved in improving the turnaround process. He was chairman of the Turnaround Management Association (TMA), an international organization of over 8,000 professionals. He was also chairman of the Association of Certified Turnaround Professionals as well as its Standards Committee for several years.
Tom was an early supporter of professionalism for turnaround managers and holds the distinction of becoming one of the first Certified Turnaround Professionals (CTP) in the country. He conducted CTP management and accounting review courses, including sessions at Northeastern University. He was instrumental in the development of a training course for loan officers and has conducted courses on dealing with troubled loans.
Tom is currently the chairman of the American Red Cross, Southeastern Pennsylvania Chapter, which has over 3,000 volunteers. He is also involved in numerous other professional and community organizations such as the American Bankruptcy Institute, the Association for Corporate Growth and the Rotary Club of Philadelphia-Paul Harris Fellow. He is co-founder of the Men’s Garden Club of Philadelphia; a founding member of The Greenbrier Sporting Club; and a member of Overbrook Golf Club.
Tom earned his Bachelor of Science in accounting from the University of Minnesota and went on to complete his MBA course work. He is a certified public accountant in Minnesota and Pennsylvania (inactive licenses) and is a member of the American Institute of Certified Public Accountants (AICPA), AICPA’s Consulting Division, and the Pennsylvania Institute of CPAs.
Ross Waetzman is a director of Gavin/Solmonese. He has over ten years of professional service experience advising corporations as well as their lenders and equity owners, on matters of financial and strategic significance. Ross has extensive experience in corporate finance. He has advised companies in a wide range of M&A advisory engagements, including public and private equity transactions, cross-border transactions, privatizations, and distressed sales. In addition, Ross has provided fairness opinions, valuations, and financial damage calculations in litigation. He is also experienced in obtaining debt financing on behalf of his clients to meet a variety of needs.
Ross is a seasoned advisor to companies facing challenging market conditions. He has advised corporate management on turnaround initiatives including project rationalization, strategic sourcing, large-scale staff reductions, and post-merger integration.
He has also advised creditors of distressed companies. In this capacity, Ross’s experience includes advising on out-of-court restructurings, lending strategies, acquisitions through Section 363 sales, as well as providing due diligence services.
Ross’s experience spans numerous industries, including building products, consumer electronics, equipment distribution and leasing, financial services, healthcare, higher education, media, natural resources, professional services, metallurgy, and telecommunications.
Before joining Gavin/Solmonese, Ross was a vice president at Barrier Advisors in Dallas, where he provided restructuring and M&A advisory services. His past work experience also includes working in Credit Suisse First Boston’s Investment Banking Department (M&A and debt financing assignments), with A.T. Kearney (strategy and operations projects), and with Ernst & Young’s Corporate Finance Group (M&A and financial restructuring assignments).
Ross earned a Bachelor of Science in finance from Drexel University. He was also a merit scholar at the University of Rochester’s William E. Simon Graduate School of Business Administration, where he obtained an MBA with concentrations in finance and competitive strategy. Ross is designated as a Certified Insolvency and Restructuring Advisor (CIRA).
Jon Jensen is a Managing Director with NHB Advisors, Inc., formerly the Managing Director of Listen Group Partners, LLC. Jon has over 35 years of business expertise and knowledge with emphasis on turnaround of under-performing companies, mergers, acquisitions and divestitures, and debt acquisition and restructuring. His executive-level experience include serving as the Chief Executive Officer, Chief Operating Officer or Chief Financial Officer for numerous public and private entities involved in distribution and manufacture of high technology, internet, electronic, glass, engineered design, fabricated metal and pharmaceutical industries that vary in revenue size from $5million to $500 million.
Jon Jensen has led in the turnaround of both stand-alone companies and business units of major private and public corporations. Those turnarounds include: a NASDAQ manufacturer of ethical pharmaceuticals; a primary manufacturing facility and the Brazilian subsidiary of a NYSE assembler of engineered water-treatment products; and a manufacturer of metal lockers and shelving. Jon also has extensive experience in the negotiation, financing and management of acquisitions, divestitures, mergers and joint ventures. Those transactions include: negotiation and sale of Hong Kong and Malaysian software distribution subsidiaries, and a hard drive assembly subsidiary of a NYSE computer hardware distributor; negotiation and financing of the management buy out of a privately held manufacturer of glass measurement instruments; establishment of multi-site repair facilities for a privately owned, international manufacturer of custom designed power generation equipment; and the formation of a joint venture between a glass and pharmaceutical manufacturer.
Jon Jensen is a Certified Turnaround Professional (CTP), and a member of the Turnaround Management Association and American Bankruptcy Institute. Mr. Jensen has also been Certified as a Management Accountant (CMA). He has a cum laude BS in Management and Economics from Long Island University and has completed post graduate work in Finance and Accounting at the Stern Graduate School of Business of New York University.
o: 610.660.0060 ext. 223
Harvey Nachman is a founding Principal of NHB Advisors, Inc. Since the forming of the firm, he has assumed management roles for numerous privately held and publicly traded companies experiencing under-performance and crisis type situations. He specializes in asset maximization and possesses an ability to understand the underlying issues involved in corporate personnel management. Mr. Nachman has had extensive experience in the refinancing and restructuring of existing debt.
Mr. Nachman began his career as an entrepreneur and owner of a textile and apparel- manufacturing firm. His 20 years of experience in this labor-intensive industry has made him very knowledgeable and capable in diagnosing financial management matters as well as those matters concerning production, planning and control issues.
After Mr. Nachman sold the business, he recognized the need for specialized experience in the expanding turnaround industry. He became a Co-Founder and principal of the PBR Group, a management-consulting firm devoted to crisis management, business turnarounds and hands-on guidance where bankruptcy is required. He later formed The Nachman Group, Inc. to focus on turnaround opportunities in retail, manufacturing and distribution environments.
As a full time professional in the turnaround management industry, Mr. Nachman’s experiences have been exceedingly diverse. These include assignments in a variety of industries including Technology, all types of manufacturing, healthcare, food, tobacco and horticultural distribution and many service related companies. An additionally major accomplishment was the settlement of an intellectual property rights claim for a public company. The firm thereafter completed an orderly liquidation without the need for a formal bankruptcy filing, sold the rights to a private investor and the reconfigured company is currently listed and publicly traded.
Mr. Nachman was an early proponent of certification for turnaround professionals and became one of the first Certified Turnaround Professionals (CTP) in the country. He is very active in the turnaround industry and has served as President of the Delaware Valley Chapter of the nationally recognized Turnaround Management Association (TMA). He is also a member of the Association of Certified Turnaround Professionals (ACTP).
He participates actively in the community as a member of the Philadelphia Overall Economic Development Commission and served on the board of the Council for Industry and Employment in Philadelphia. He is currently a visiting instructor at the Wharton School.
Mr. Nachman received a degree in Economics from the University of Pennsylvania, where he pursued a double major in accounting and industrial management at the Wharton School. His graduate work at the Wharton School focused on real estate investment analysis. Mr. Nachman possesse¬s a real estate sales license in Pennsylvania. He has attended the Institute of Management Consulting and is a Certified Management Consultant (CMC).
o: 302.655.8997 ext. 227
Judy Sacher is Vice President of Operations of Gavin/Solmonese. She has over 27 years of management and accounting experience a wide array of industries. Her responsibilities have included financial planning and analysis, consolidated financial reporting, establishment and monitoring of internal controls and accounting policies and procedures, management information reporting, reorganization and staffing of large or newly created organizations and financial systems strategy and implementation.
Judy supports Gavin/Solmonese with a broad range of internal management experience from management services to consulting services. She oversees internal matters while also providing accounting and bankruptcy expertise as a case-team member. She has experience with nuances of bankruptcy case administration in multiple bankruptcy venues nationwide as well as providing financial support for client engagements, including the firm’s role as Plan Administrator for the Montgomery Ward, the largest retail bankruptcy liquidation in US history.
Prior to joining Gavin/Solmonese, Judy managed the largest women’s healthcare practice in the Philadelphia Main Line area with 40,000 patients where she supervised extensive staff recruitment and training; handled cost control, budgeting income and expense projection and reporting, accounts receivable, accounts payable and payroll management. Judy’s organizational talents including creation of policy and procedural documentation; creation of employee benefits plans; healthcare program management including cost containment without compromise of coverage in the face of rising healthcare premiums. In her supervisory roles, Judy has led process and practice re-engineering projects, has designed and implemented installed accounting procedures and controls leading to increased profitability; has improved cash flow through reduction of outstanding accounts receivable through enhanced collections and has led systems implementation projects from justification through to completion.
o: 302.655.8997 ext. 153
Stan Mastil is a Director at Gavin/Solmonese with over 15 years of experience working with distressed companies and bankruptcy professionals. Stan is a Certified Public Accountant in Pennsylvania and is Certified in Financial Forensics. Stan has significant experience in bankruptcy matters with respect to Chapter 11 reorganizations and Chapters 11 and 7 liquidations and has represented unsecured creditor committees, Chapters 11 and 7 Trustees, Debtors (pre and post filing), Liquidating Trustees, and Court Appointed Examiners. He has a broad range of industry experience, having served clients in the banking, construction, entertainment venues, food and beverage, health care, retail, and manufacturing. He has also testified in the U.S. Bankruptcy Court for the District of Delaware and the Eastern District of Pennsylvania.
Prior to joining Gavin/Solmonese, Stan worked with two regional CPA firms, as well as a consulting practice which was acquired by one of these firms. He has provided traditional taxation and accounting services to a variety of clients, as well as working with bankruptcies.
Stan received a Bachelor of Science in Finance with a concentration in Accounting from the Pennsylvania State University. He is a member of the American Institute of Certified Public Accountants (AICPA), the Pennsylvania Institute of Certified Public Accountants (PICPA) and the Turnaround Management Association (TMA).
Tim Skillman is a Director with Gavin/Solmonese. With over 25 years of experience in working with financially and operationally challenged companies, Tim has specialized in developing and implementing viable performance improvement strategies for manufacturing, distribution and service companies. His areas of expertise include: process improvement, cash flow improvement; organizational design and employee productivity within the company. Tim is also adept at managing relationships with key external constituents during the transition.
Tim has advised companies, creditors and other stakeholders in numerous successful turnarounds in the U.S., Canada and Europe. Some of his notable past engagements include serving as advisor to American Home Mortgage Servicing, AmCan Technologies, Big Boy Restaurants, McClain Industries, Inc., and The XLO Group of Companies, Inc. In these cases, Tim has developed and implemented successful cost reduction, productivity improvement and recapitalization plans. Tim has advised the agent of the bank group in Building Materials Holding Corporation, Galleria USA, Inc., Atchinson Casting Corporation, Schwinn Bicycle Company, Delphi Corporation, and Channel Master, LLC. Recently, Tim has advised the Unsecured Creditors Committee in the bankruptcies of Flying J, Inc., and Reynen and Bardis Homes, Inc.
Tim has held several key management positions in his turnaround consulting career including Chief Executive Officer of Ditech.com, Chief Operating Officer of Mortgage Corporation of America, and Chief Restructuring Officer of Performance Transportation Services.Tim’s prior experience includes 13 years as a commercial banker, including 3 years as a work out banker and 4 years as a banker to the energy industry. Tim’s clients were primarily mid-continent and west coast exploration and production companies.
Tim is a Certified Turnaround Professional and is a member of the Board of Advisors of The Receivables Exchange, the Board of Members of Global Energy Innovations and the Board of Advisors of the Minority Business Development Center of the City of Los Angeles. He is a past member of the Board of Directors of the Association of Certified Turnaround Professionals, and past Chairman and President of the Michigan Environmental Trust, Ltd. Tim earned a Bachelor’s degree in Geography and a Master’s degree in Corporate Finance and Marketing from the University of Michigan.