Stay Connected

Professionals

Timothy A. Turek

Managing Director

Chicago

Tim Turek has extensive expertise advising organizations, and their constituents, ranging from $10 million to $3 billion in sales.

He has assisted clients through crisis management, turnarounds, workouts, restructurings, acquisitions and divestitures. He has advised on numerous bankruptcy and distressed situations representing constituents on all sides – debtors, secured and unsecured creditors and customers.

Mr. Turek is a Registered CPA, Certified Turnaround Professional and a regular speaker on financial and operational restructuring.

Previous Experience

Mr. Turek has worked with clients in North America, Asia and Europe for more than 20 years. He has negotiated with lenders, raised capital, and resolved governmental and legal disputes, as well as developed and implemented strategic turnaround and restructuring plans, and consulted on domestic and international bankruptcies. Tim has served as Chief Financial Officer, Vice President of Operations, and Corporate Controller and on numerous Boards of Directors. Prior to Conway MacKenzie, Mr. Turek served as a Managing Director at BBK, Ltd where he lead over 100 complex restructuring and crisis management cases over a ten year period.

In an assignment with a $400 million international manufacturer, Tim negotiated multiparty standstill agreements that provided time for an orderly going-concern sale. Later, he led the successful negotiations on the sale and long-term supply agreements involving multiple customers, its debt and equity sponsors and the purchaser.

In another matter, relying on his strong leadership and negotiating skills in a crisis environment, Tim was called on to run an automotive parts manufacturer during a bankruptcy and subsequent wind-down. Within eighteen hours of the lender refusing additional loan advances, he was able to negotiate an agreement between the bank, equity and the customers that restarted production. Holding antecedent debt to a minimum, he managed a labor work stoppage and found additional revenue sources to help defray costs. Under Tim’s leadership, the clients successfully resourced after a seven-month production run, during which throughput was increased by over 200% while costs were kept under budget. Ultimately, the asset sale resulted in full recovery for the secured lender.