J. GREGG PRITCHARD
has 25 years of experience managing restructurings and all aspects of the bankruptcy process for companies, creditors, lenders, prospective buyers, and other stakeholders. He has served as interim CEO for several companies, focusing on their turnaround efforts and has been appointed a Trustee in numerous bankruptcy cases. Gregg also has experience in M&A, founded and operated a healthcare company and served in senior positions in energy and real estate companies. Gregg currently serves as the Northeast Leader, Restructuring-Advisory at KPMG. He is based in New York City.
Professional and Industry Experience
- Managed turnaround efforts of a publicly traded wholesaler of business supplies with approximately $1 billion in revenues. In this capacity, Gregg negotiated the sale of a Canadian subsidiary, obtained the settlement with the receiver of an Australian subsidiary, evaluated and pursued payments during the preference period and evaluated and pursued D&O claims and other avoidance actions.
- Served as advisor to Suntron Corp., during the Minor Planet, Inc. bankruptcy. In his role, Gregg served as co-chairman for Suntron on the Unsecured Creditors Committee. He used his negotiating skills to assist in the Chapter 11 confirmation and obtained 75 percent of equity for unsecured creditors. Subsequent to the bankruptcy, Gregg remained on the board of the new publicly traded entity and served on its compensation and audit committees.
- Co-signed confirmed Chapter 11 Plan of Reorganization for Heartland Automotive Holding Inc. with The Blackstone Group L.P.
- Assisted in the creation of a liquidating trust for Amresco, a publicly traded specialty finance company with almost $500 million in revenues. During this process, Gregg negotiated proceeds from a disputed note receivable, maximized returns to creditors of over $115 million, assessed the tax implications involved in dissolving several Canadian subsidiaries, negotiated with the IRS, and assisted in the dissolution of over 65 subsidiaries.
- Acted on behalf of a lender during the bankruptcy of Adelphia Business Solutions. Specifically, Gregg advised the lender during negotiation for a Debtor-in Possession loan and monitored compliance with loan covenants.
- Represented a prospective buyer for the American Pad & Paper Company during its bankruptcy. Gregg provided due diligence concerning the company's accounting and financial records and prepared an analysis of product lines and their revenues.
- Represented AMRE, a home improvement company during its liquidation. In this process, Gregg recovered millions in insurance/worker comp fees, led a team that processed claims for approximately 5,500 creditors, negotiated $173 million in claims for $10.8 million, recovered $1 million in preferential payments and negotiated and settled an HRSI claim and closed out a $300 million loan portfolio.
- Advised numerous financial institutions and private equity firms, and collaborating with law firms in a variety of bankruptcy and restructuring related matters.
- American Bankruptcy Institute, member
- Turnaround Management Association, member
Education, Licenses & Certifications
- BS, Abilene Christian University