310.809.5064 info@traversellc.com

ALBERT ALTRO

Managing Director, Corporate Restructuring & Transaction Services

Phone

310.809.5064

Mr. Altro brings over 25 years of experience in corporate restructuring, public accounting and executive management, and consulting, primarily in a leadership role. His experience spans a variety of industries and organizations, servicing primarily middle market privately held corporations, as well as debtors-in-possession, secured and unsecured creditors, private equity groups, and strategic buyers.

Prior to forming Traverse, Albert worked at KPMG in both the auditing group and the strategic consulting practice; he also was a Director at PricewaterhouseCoopers in the Transaction Services Group and also worked as a corporate restructuring advisor at Zolfo Cooper.

  • Industry Expertise

    • Manufacturing
    • Retail
    • Distribution
    • Food Processing
    • Healthcare
    • Energy
    • Construction
    • Media & Entertainment
    • Municipalities
    • Non-profits
  • Education & Military Experience

    • BA Accounting – Long Beach State
    • US Army Active Duty – 2nd Ranger Battalion
    • US Army Reserves – Command Sergeant Major
  • Certifications & Licenses

    • Certified Public Accountant (CPA)
    • Certified Insolvency Restructuring Advisor (CIRA)
  • Professional Organizations, Boards & Associations

    • Board of Directors (The Corporate Presence)
    • American Institute of Certified Public Accountants (AICPA)
    • Turnaround Management Association (TMA)
    • Association of Insolvency and Restructuring Advisors (AIRA)

Recent Engagements Include:

  • Chief Financial Officer of a 120 store retail apparel chain.
  • Chief Restructuring Officer of a middle market wholesaler of off price branded products.
  • Served as Chief Restructuring Officer for a middle market retailer in its chapter 11 proceedings and as Interim Chief Operating Officer during the transition to new management team.
  • As CFO and General Manager grew sales from $60 million to $160 million and EBITDA from $6 million to $20 million during a three year period for a mid-sized manufacturer.
  • Engaged as Chief Restructuring Officer of a 60 store apparel retailer in the Southeastern U.S.
  • Advised the leadership team of the Roman Catholic Archdiocese of Los Angeles on financial and operational issues in support of its potential insolvency related to clergy sexual abuse.
  • Served as part of the Interim Senior Management Team for NRG while leading all aspects the Chapter 11 filing and post-Chapter 11 reporting activities. Oversaw the operations of West Coast Power unlocking $200 million in liquidity. Resolved disputes regarding various power projects with 1st and 2nd lien lenders built consensus and negotiated settlement agreements.
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JOHN SHARPE

Managing Director, Corporate Restructuring

John Sharpe has more than 23 years of professional experience and has represented debtors and creditors in large, complicated bankruptcy cases for decades. Currently he is servings a Manager Director for Traverse LLC, and leads the charge for key clients undergoing corporate restructuring.

Prior to Traverse, John specialized in corporate restructuring in Zolfo Cooper’s Corporate Advisory and Restructuring Department. Prior to joining Zolfo Cooper, John served as Vice President and Corporate Controller for Sleepmaster ($400 million in revenues) and as Vice President, Corporate Controller and Chief Accounting Officer for Graff Pay-Per-View ($150 million in revenues). He began his professional career in public accounting.

  • Industry Expertise

    • Manufacturing
    • Retail
    • Healthcare
    • Energy
    • Construction
    • Automotive
    • Financial Services
    • Media & Entertainment
  • Education

    • BA Accounting – North Carolina State University
  • Certifications & Licenses

    • Certified Public Accountant (CPA)
    • Certified Insolvency Restructuring Advisor (CIRA)

Recent Engagements Include:

  • Concluded an 18 month assignment as Chief Financial Officer for LepMed. Served as CFO, and was responsible for establishment of robust financial reporting and performance management metrics for LepMed’s private equity ownership. Reorganized and reprioritized the activities of the Company’s finance and accounting functions to improve efficiency and effectiveness resulted in improved pricing and operating results, enhancing the successful sale of the private equity firm’s interests in late 2012.
  • Advised LandAmerica Financial Group, a real estate transaction service provider with multi-national operations throughout North America, South America, Europe, and Asia. Led the day-to-day activities of the company’s Chapter 11 reorganization.
  • Member of the team that advised The Industrial Company (TIC), a $2 billion privately held general industrial construction company, during its out-of-court restructuring.
  • Led and managed the restructuring activities of the $4 billion automotive supplier, Collins & Aikman.
  • Evaluated the financial and operational viability of a stand-alone plan for reorganization for the Unsecured Creditors committee and Mirant Americas Generation.
  • Served as part of the Interim Senior Management Team for NRG while leading all aspects the Chapter 11 filing and post-Chapter 11 reporting activities. Oversaw the dispute resolution team, developed strategies, built consensus and negotiated settlement agreements totaling approximately $300 million.
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KIERAN MCGARRELL

Director, Transaction Services and Corporate Restructuring

Kieran McGarrell has more than 17 years of experience as a senior executive and consultant in a wide range of financial and operational roles. He brings extensive knowledge in all aspects of Finance, Accounting, Corporate Restructuring and Financial Due Diligence. He has worked with start-ups, high-growth private companies and multinational corporations, and has significant international experience having worked in the UK and managed U.S.-based entities responsible for significant overseas operations.

Prior to joining Traverse in 2007, Kieran served served for 12 years as Vice President and Finance Director at Smiths Group plc. During this time, Kieran championed Business Process Re-engineering, Lean manufacturing and system implementations, he led operations and administrative functions across multiple businesses.

  • Industry Expertise

    • Business Services
    • Consumer Products
    • Distribution
    • Entertainment
    • Financial Services
    • Technology
    • Manufacturing
    • Media
    • Retail
  • Education

    • BS, Industrial Business Systems & Accounting
      De Montfort University, Leicester, England
  • Certifications & Licenses

    • Associate, Chartered Institute of Management Accountants (CIMA), England
  • Professional Organizations, Boards & Associations

    • Certified Insolvency and Restructuring Advisor (CIRA)
    • Association of Insolvency and Restructuring Advisors (AIRA)
    • Chartered Institute of Management Accountants (ACMA) and (CGMA), England
    • Turnaround Management Association

Recent Engagements Include:

  • Provided Transaction Support, Financial Due Diligence and post-acquisition support on over 20 transactions for investment clients in manufacturing, entertainment and software industries.
  • Receivership of Arizona Structure Technologies, managing business as going concern during successful sale to JV Driver. Retained by JV driver to continue managing the business post acquisition.
  • Served as a Corporate Restructuring Advisor at American Laser Skincare (annual revenue $165m). Advised the company through Chapter 11 reorganization.
  • Acted as Turnaround Advisor and Interim CFO for The Corporate Presence. Completed a successful out-of-court workout including the negotiation and restructuring of existing bank debt. Established a new line of credit and implemented significant operation and administrative cost reductions, ending the cash burn rate.
  • Served as Turnaround Advisor to Goglanian Bakeries. Led operational restructuring, advised on organic growth initiatives and provided acquisition due diligence/post-acquisition integration support.
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ROBERT TORMEY, CPA, CTP

Director, Restructuring & Interim Management

Mr. Tormey brings over 30 years of knowledge and experience leading, managing and consulting to a variety of organizations to the Traverse team. He is an experienced Chief Financial Officer and Financial Advisor who has supported numerous private equity sponsors and Lender Groups, in both Chief Financial Officer and Financial Advisory roles. Bob has managed both development stage and growth companies, supporting operational turnarounds, financial recapitalizations, leveraged buyouts and acquisitions integration efforts.

Prior to joining the executive roster at Traverse LLC, Bob was a partner with financial advisory firm, Tatum Partners for over 10 years he also held managing director positions at Carl Marks Advisors and Crossroads. In addition, Mr. Tormey has held numerous CFO positions as well as serving at Arthur Andersen & Co.

  • Industry Expertise

    • Manufacturing
    • Aerospace
    • Consumer Goods
    • Hospitality
    • Travel & Leisure
    • Education
    • Agriculture
  • Education

    • BA, English Literature, Loyola Marymount University
    • MBA, Cornell University
  • Certifications & Licenses

    • Certified Public Accountant (CPA)
    • Certified Turn Around Professional (CTP)
    • Certified Insolvency Restructuring Advisor (CIRA)

Recent Engagements Include:

  • Advisor to Weil Gotshal, counsel to syndicate of first lien and mezzanine lenders, which included Providence Equity, Golden Gate Capital, Apollo Management and others, with respect to credit facilities of $250MM and interim $40MM Credit Facility. Advised on institution’s administrative capability to respond to imposition of Heightened Cash Monitoring 2 by Department of Education, responses to probationary notices from ACCSC, settlement with Texas Workforce Commission and miscellaneous plaintiff’s actions.
  • Served as Advisor to COBE CHEMICAL (Debtor) in Chapter 11, 363 Sale. Managed operations and customer fulfillment, working capital, reporting to lenders and sale of company achieving full recovery for secured lender, Comerica Bank
  • Acted as Advisor to owners and interim management of CORNERSTONE STAFFING in litigation against incumbent management for alleged fraud.
  • Served as Advisor to Debtor (THE MODERN HONOLULU HOTEL) in Chapter 11 with respect to financial and operational improvements necessary to confirm feasibility plan to exit Chapter 11.
  • Assumed the role of Interim Chief Financial Officer for of RIVER RANCH FRESH FOODS, LLC. Supported negotiations to restructure credit facilities resulting in $6 Million equity infusion, $1.2 Million deferral of interest obligations, $17MM conversion of junior debt obligations, reduction in principal amortization by $2.0 Million per year. Also identified and concluded major tax refund opportunities resulting in refunds of $2.2 Million.
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KITTY CHENG

Director, Taxation

Kitty Cheng brings over 22 years of tax consulting experience to Traverse LLC. She specialized in tax issues related to mergers & acquisitions, reorganization and restructuring, as well as issues unique to debtors, creditors and equity holders in bankruptcy proceedings. Focusing on taxation, mergers and acquisitions, her clientele includes both private equity firms and strategic buyers who look to expand market presence.

Prior to joining the team at Traverse, Kitty served as Tax Director at PricewaterhouseCoopers for over twelve years in the Mergers & Acquisition Group. She later became a Tax Partner at Grobstein Horwath.

  • Industry Expertise

    • High tech
    • Entertainment
    • Manufacturing
    • Retail
    • Food processing
    • Healthcare
  • Education

    • BA, Accounting – University of Washington
    • Masters, Business Taxation – USC
  • Certifications & Licenses

    • Certified Public Accountant (CPA)
  • Professional Organizations, Boards & Associations

Recent Engagements Include:

  • Served as Tax Advisor for Goglanian Bakeries Inc. Prepared 338(h)10 analysis and cross border restructuring.
  • Engaged as Tax Advisor to The Corporate Presence. Resolved international and domestic tax disputes arising out of the company’s out of court restructuring.
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JERRY DECICCIO, CPA

 Director, Interim Management & Transaction Services

Mr. DeCiccio is an experienced finance professional with more than 30 years of professional experience that includes serving in management roles in industry and the Big 4. Jerry’s focus at Traverse has been on interim financial management roles and transaction support. Jerry recently finished a 9 month assignment assisting the finance group at Hyundai Merchant Marine of America.

Prior to joining Traverse, Jerry had 25 years of experience working in publicly traded companies including President at Cerebain Biotech Corp. (OTCBB) pre-revenue, CFO/COO at Intech Electromechanical (NASDAQ) $250 million, CFO/COO at GTC Telecom (AMEX) $50 million, and CFO at Incomnet Communications (NASDAQ) $175 million. Mr. DeCiccio also served as CFO/COO at BrandFX, Controller at Parker Hannifin Corp. (NYSE), Waste Management Inc. (NYSE), Newport Corp. (NASDAQ), and Ritz Interactive (prepped for and prepared S1). Acted as advisor in establishing accounting practices for complicated accounts payable system.

  • Industry Expertise

    • Aerospace & Defense
    • Manufacturing
    • Retail
    • Healthcare
    • Biotech & Pharma
  • Education

    • BS, Accounting, Loma Linda University
    • MBA, Finance and Systems Technology, University of Southern California
  • Certifications & Licenses

    • Certified Public Accountant (CPA)
    • APICS

Recent Engagements Include:

  • CFO/COO – Brand FX, implemented new company-wide MRP system, reconfigured one plant to triple the manufacturing capacity and increase revenue from $75 million to $140 million, found errors in Workers’ Compensation resulting in savings of over $800 million.
  • CFO/COO – Intech Corp., implemented new company-wide MRP system, increased revenues over 400% from $62 million to $250 million, increased working capital over 300%, and obtained over $4 million in tax credits.
  • Over the past four years, have been responsible for audit readiness and preparation of initial public offering filings (Form S-1) for eight companies, as well as Form 10-Q and 10-K filings.
  • Responsible for the bankruptcy filings and compliance at two companies
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Mindy Goth

Manager

Mindy Goth brings over 10 years of professional experience to Traverse LLC. Through the course of her career, Mindy has developed significant experience in implementing and enhancing accounting and information systems for manufacturing companies. Her experience has provided her with the insight and expertise to support companies in their efforts to improve efficiency and increase productivity.

Prior to joining the team at Traverse, Mindy’s professional experience includes accounting and Information & Technology positions with Textron, Inc. and CGI Technologies and Solutions Inc. were she managed system implementation and other financial and operational reporting enhancement projects.

  • Industry Expertise

    • High tech
    • Entertainment
    • Manufacturing
    • Retail
    • Food processing
    • Healthcare
  • Professional Organizations, Boards & Associations

Recent Engagements Include:

  • Served as Advisor for Healthcare related industry.
  • Acted as Controller for mid-level company in e-commerce industry which engagement included establishing accounting procedures, reporting and cash management.
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