Robert Tormey, CPA, CTP, CIRA

Director, Restructuring & Interim Management

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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. In addition, he served was at Arthur Andersen & Co.

Industry Experience:

Manufacturing
Aerospace
Consumer Goods
Hospitality
Travel & Leisure
Education
Agriculture
Retail Cosmetics

EDUCATION & MILITARY EXPERIENCE:

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)

PROFESSIONAL ORGANIZATIONS, BOARDS & ASSOCIATIONS:

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Recent Engagements Include:

BH Cosmetics – Chief Financial Officer
- Managed BH Cosmetics LLC, a portfolio company of Mid Ocean Partners, through Chapter 11 process including sale of Assets to European Acquiror.
Bruce Elieff – Financial Advisor to Committee of Unsecured Creditors
- Advisor to Counsel involving liquidation of multiple real estate assets and resolution of complex claims.
Santier – Interim Chief Financial Officer.
- Negotiated consolidation of facilities with landlord reducing facilities costs $350K/year.
- Outsourced production functions at savings of $1M/year.
- Implemented changes in benefit programs, vacation and sick pay policies reducing costs $200K/year.
- Established 13-week cash flow disciplines, working capital initiatives and annual budgeting disciplines.
- Restructuring resulted in successful sale of Santier by Equity Sponsor – The Courtney Group.
Financial Advisor – Vintage Capital
- Advised PCA Aerospace through $2MM recapitalization by Equity Sponsor and Senior Lender‍
- ATS Systems – Management assessment of Bushing Manufacturer resulting in replacement of Chief Financial Officer and operating recommendations. Changes allowed for successful sale of Company.

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