Turnarounds Require Patience, Partnership, and Professional Expertise
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Turnarounds Require Patience, Partnership, and Professional Expertise
By Lee Diercks, CTP, Founding Partner & Patrick Diercks, Partner, Clear Thinking Group
So many times, turnaround professionals are engaged in situations involving companies that have little or no liquidity or that appear to lack access to capital. Frankly, businesses that lack liquidity are one of the main reasons the turnaround industry exists. As such, it is imperative that...
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Patrick Diercks is a partner at Clear Thinking Group. He has more than 14 years of experience assisting companies in extremely difficult financial situations within the consumer product manufacturing, distribution, and retail industries. He is a CIRA and his areas of expertise include cash flow and liquidity management, loan workouts, preparation of business plans, collateral monitoring, and Chapter 11 bankruptcy. Diercks has also taken on senior leadership roles as necessary to guide clients through difficult situations.
Lee Diercks, CTP, is a founding partner of Clear Thinking Group. He has more than 40 years of direct management and leadership experience in the consumer product and retail industries. For the last 20 years, he has worked in the corporate renewal and turnaround industry with companies in consumer product manufacturing, distribution, wholesale, and retail. He has taken on executive interim management roles and has provided immediate leadership and direction to businesses facing severe financial distress and bankruptcy.
