BDO Seidman, LLP - Accountants and Consultants

Chicago, IL – BDO Consulting, a division of BDO Seidman, LLP, today announced the formation of BDO Consulting Corporate Advisors, LLC. Building on BDO Consulting’s legacy of services to companies facing the need for restructuring or operational turnaround, the practice will provide strategic and financial consulting services to companies in distress.  BDO Consulting Corporate Advisors, LLC services include interim management, strategic and operational improvement, financial advisory and chief restructuring officer services. Bill Lenhart, the National Director of Business Restructuring Services at BDO Consulting, will lead BDO Consulting Corporate Advisors, LLC. The practice also welcomes Tony Wolf and Bob Starzyk as Managing Directors. The appointments are effective immediately.

“With the creation of BDO Consulting Corporate Advisors, LLC and the appointments of Tony and Bob, we can assist companies in distress or facing business challenges, by identifying strategic alternatives, recommending reorganization strategies and restoring profitability to their operations,” said Bill Lenhart. “BDO Consulting Corporate Advisors, LLC will complement the solid track record the Business Restructuring Services practice has built over the years providing financial advisory, strategy, debt restructuring and forensic and litigation support to distressed companies, trustees, secured creditors and unsecured creditors.”

“BDO Consulting Corporate Advisors, LLC has access to the full range of our expertise including fraud detection and prevention, investigative due diligence, business process improvements and internal controls reviews across a wide range of industries,” said Carl W. Pergola, Executive Director of BDO Consulting. “Given the current economic climate, there will be more opportunities for us to provide hands-on interim management and operational improvement services to help privately-held and publicly traded companies in distressed situations.”

BDO Consulting Corporate Advisors, LLC service offerings include:

* C-level Interim management

* Change management

* Business plan validation

* Chief Restructuring Officer

* Strategic repositioning

* Visibility assessment

* Profit and cash flow improvement

* Stakeholder negotiations

* Refinancing and equity capital procurement

* Board advisory

* Post-restructuring due diligence

Bill Lenhart, 52, has more than 25 years of experience in insolvency, restructuring and financial advisory services for companies in distress with business reorganization or debt restructuring issues. As the National Director of the Business Restructuring Service practice at BDO Consulting, Mr. Lenhart has represented shareholders, debtors, secured lenders, bondholders, official and unofficial creditor and equity committees and their related counsels in complex bankruptcy, insolvency and turnaround cases, from strategy through implementation and project management. He currently serves as a member of the board of directors for the Turnaround Management Association and is a Certified Turnaround Professional and a Certified Insolvency and Restructuring Advisor. Mr. Lenhart, who is based in the New York office of BDO Consulting, received a Bachelor of Science degree in accounting from Villanova University.

Tony Wolf, 54, joins BDO Consulting Corporate Advisors, LLC from Glass & Associates, where he served as a Principal. He has more than 14 years of experience in corporate restructuring and executive management with particular emphasis on: competitive strategy and market expansion, productivity and margin enhancement, operations and performance improvement and creditor negotiations. A Certified Turnaround Professional, his turnaround experience includes serving as a CEO, interim CEO, and interim CFO of various private companies. He has also served as a financial advisor to numerous middle market companies from industries including: aerospace, telecommunications, agriculture, technology, food distribution, medical products, real estate, oil and gas and refining and distribution. Mr. Wolf, who will be based in Dallas, received a Bachelor of Arts degree in history from Harvard College, a Master of Business Administration degree from the University of Chicago and a Masters degree from the University of Southern California and the U.S. Naval War College.

Robert Starzyk, 62, joins BDO Consulting Corporate Advisors, LLC from Morris Anderson & Associates, where he served as Principal. He has more than 25 years of experience in business turnaround and crisis management. He has served in executive levels of management in both privately held and publicly traded companies. A Certified Turnaround Professional, his turnaround experience includes serving as a Chief Operating Officer, Chief Restructuring Officer, Executive Vice President and Vice President of Operations for companies in the manufacturing, distribution, high technology, transportation and service industries. Mr. Starzyk, who will be based in Dallas, received a Bachelor of Science degree in accountancy from the University of Illinois.

About BDO Consulting

BDO Consulting, a division of BDO Seidman, LLP, provides litigation, investigation, restructuring and risk advisory services to major corporations, law firms, insurance companies, financial services entities, and government organizations. Our highly experienced and well-credentialed professionals draw upon a range of industry knowledge and completed consulting engagements throughout the United States and internationally to provide clients with unparalleled service.  BDO Consulting leverages the global industry and accounting knowledge of the BDO International network, providing rapid, strategic advice to assist our clients with dispute resolution, risk management, mergers and acquisitions, financial solvency and regulatory compliance issues.

About BDO Seidman, LLP

BDO Seidman, LLP is a national professional services firm providing assurance, tax, financial advisory and consulting services to a wide range of publicly traded and privately held companies. Guided by core values including, competence, honesty and integrity, professionalism, dedication, responsibility and accountability for almost 100 years, we have provided quality service and leadership through the active involvement of our most experienced and committed professionals.

BDO Seidman, LLP serves clients through 35 offices and more than 300 independent alliance firm locations nationwide. As a Member Firm of BDO International, BDO Seidman, LLP serves multi-national clients by leveraging a global network of resources comprised of 621 Member Firm offices in 110 countries. BDO International is a worldwide network of public accounting firms, called BDO Member Firms, serving international clients. Each BDO Member Firm is an independent legal entity in its own country.

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