BERT WEIL, CTP, CPA

As a crisis management and turnaround professional for more than a decade, Bert’s particular expertise is Crisis & Turnaround Management, Banking & Finance, and Strategic Planning.

Bert has a BS in Accounting and an MBA from the Stern School at NYU. He is a licensed Certified Turnaround Professional (CTP) and a CPA. His career has spanned 29+ years of turnaround and crisis management consulting, banking and senior management positions in industry. He has assisted numerous large and small, public and private companies both pre and post bankruptcy, to identify management problems, restructure and/or re-organize business operations, improve profitability and cash flow, renegotiate senior lender agreements and upgrade financial administration productivity.

Bert has a proven track record of working with stakeholders to define problems and develop and implement action plans for a wide range of industries. Some of Bert’s 50+ assignments include:

$180 million Apparel Design and Import Company: Responsible for leading an early intervention corporate assessment project. He helped the Company renegotiate its $60+ million multi-bank long- and short-term bank debt and worked with the Company to identify and implement productivity improvements to realize profitability objectives. Such changes included: a substantial sell-off of stale inventory, and a related real estate consolidation, the consolidation and restructuring of an excessive number of “divisions”, centralization of certain design and import functions, and improvement of financial administration productivity.

$30 million Contract Cosmetic Product Fabricating and Packaging Company: Originally retained by the equity investor to lead a viability assessment of this under-performing/working capital deficient company. After the assessment, Bert was appointed interim CEO and executed a successful turnaround. The existing equity holder and a new investor re-capitalized the company based on improved performance resulting from the structural reorganization and cost saving steps implemented.

$15 million OEM Manufacturing Company: Originally retained by the Company to complete a viability assessment of this under-performing company. At the completion of the project, the Board of Directors elected to file for bankruptcy under Chapter 11. Bert was appointed CEO as of the date of the filing. As CEO, he supervised the Company’s on-going operations, managed administration of the bankruptcy process, including court approved sale of the viable business units, and administered the shut-down and liquidation of non-viable business operations.

$42 million Mall Based Retail Store Company: Retained by the sub-debt lender to review the Company’s viability after the Company’s initial consultants recommended liquidation. After review and analysis, the team recommended that the Company could be successfully reorganized. Bert was appointed interim CFO to help organize and guide the Company’s organization and operations restructuring process. He worked closely with a newly appointed interim CEO to return the Company to profitability and prepare the Company for a successful sale to a strategic buyer.

Bert’s diverse experience includes working with a variety of branded- and contract-manufacturers and importers, wholesalers and retailers, distribution and service companies in a wide variety of industries including:

Bert has assisted his clients in working with SBIC lenders, and equity investors as well as the following financial institutions, to mention a few: