David Johnson

Turnaround Specialist

David-Johnson

David Johnson is a founding partner of ACM Partners, a boutique financial advisory firm specializing in performance improvement, restructuring and turnaround services. Since 2010 ACM Partners, under David’s guidance, has worked to redefine the caliber and versatility of advisors serving the lower middle market.

In his over 15 years as a change agent, David has served as an advisor, board member, interim manager, investor and operator at organizations ranging in size from pre-revenue startups to Fortune 500 organizations.

SELECT INTERIM EXPERIENCE

Company Stage Focus: Private Equity Backed, Turnaround/Distressed, Private, Bankruptcy

Chief Restructuring Officer, $40M Industrial Recycling Company

Implemented weekly cash reporting and drove reorganization of accounting department. Spearheaded closure of three non-core plants resulted in a 16% improvement in operating income. Final restructuring plan forecast a 200% increase in enterprise value.

Chief Restructuring Officer, $20M Home Remodeling Company

Oversaw outreach to prospective capital providers, and negotiated with multiple prospective acquisition partners. Managed negotiation with trade creditors, and successfully negotiated multi-year payment on trade credit of over $2M.

Interim VP Finance, $150MM Marketing Services Company

Oversaw cash management and led the negotiation of settlements with trade creditors, successfully negotiating the settlement of $7.5 million in trade payables at a 32% recovery rate (resulting in savings of $5 million for client)

Financial Advisor, $20MM Toy Company

Laid out strategy for a restructuring, including the settlement of $3 million in payables to overseas suppliers at a discount and a distressed refinancing / sale process.

Financial Advisor, $350MM Staffing Company

Coordinated sell-side due diligence between investment banking team, interim management team and other advisors.

ACCOMPLISHMENTS

• Led Restructuring of a $40 million Industrial Recycling Company
• Oversaw distressed sale process of a $20 million Home Remodeling Company
• Financial advisor on the distressed sale process of a $350 million staffing company
• Financial advisor in the turnaround of an $85 million restaurant company
• Financial advisor in the restructuring of a $60 million stationery goods company

BOARD EXPERIENCE

• Led Restructuring of a $40 million Industrial Recycling Company
• Childserv, $11MM nonprofit organization focused on serving children and families in the Chicagoland area
• Movere, boutique advisory firm focused on helping small and mid-sized companies achieve profitable growth
• Gateway Foundation, $80MM nonprofit organization focused on providing alcohol and substance treatment

CREDENTIALS/EDUCATION

• Master of Business Administration (Accounting & Finance), University of Chicago Graduate School of Business
• BA of Arts, History, Fairleigh Dickinson University

Years Executive Experience: (15)
# Interim Roles: (6)
# Board Roles: (3)
Company Size: ($100k-$1B)

SPECIALTIES:
• Turnaround – Crisis Management
• Turnaround – Distress
• Corporate Finance
• Performance Improvement
• Restructuring
• Strategic Planning
• Transaction Support / Due Diligence
• Turnaround Management
• Expert Witness
• Litigation Support
• Planning/Modeling/Execution
• Systems Integration & Infrastructure
• Sales Forecasting

INDUSTRY EXPERIENCE
• Automotive
• Food and Beverage
• Restaurant
• Hotel / Timeshare
• Energy
• Business Services
• Consumer Products