Mackinac Partners Welcomes Senior Restructuring Executives Michael Nowlan and Craig Boucher

BLOOMFIELD HILLS, Mich.--()--Mackinac Partners, a leading financial advisory and turnaround management and restructuring firm, is pleased to announce the addition of highly accomplished turnaround, restructuring and M&A executives Michael Nowlan and Craig Boucher to the firm.

Michael Nowlan, based in Boston, has over 25 years of strategic, financial, turnaround management and restructuring advisory experience and joins the firm as Senior Managing Director. Nowlan has served as a Senior Managing Director and Senior VP for leading turnaround advisory firms. He has held numerous C-level interim management roles providing exceptional strategic, financial and operational guidance, and has been instrumental in the revitalization of many companies, particularly in the retail industry.

Nowlan has provided strategic and financial advisory in many complex client restructurings for both debtor and creditor stakeholders that include Budget Rental Car, Sunterra Corporation, MCI/WorldCom, A&P and Malden Mills Industries. Nowlan led the strategic and business plan development for a $700M regional grocery chain that influenced the client to divest in a series of transactions that optimized equity to shareholders and served as restructuring lead for a contemporary women’s clothing retailer with 173 stores and online commerce. In this role, Nowlan guided the company through Chapter 11 bankruptcy and a plan of reorganization which won the “Chapter 11 Reorganization of the Year (Under $500 million)” Turnaround award from the M&A Advisor.

Craig Boucher, based in Washington, DC, has more than 20 years of financial restructuring, strategic advisory, M&A, and operational turnaround experience. He joins the firm as Managing Director. Boucher has served as Managing Director and VP for several leading advisory firms, most recently as a member of Deloitte’s Corporate Recovery Group and the firm’s Transactions and Business Analytics LLP. He has also held C-level executive, interim management and lead restructuring advisor roles for many companies involved in complex situations that include rapid growth, underperformance, out-of-court restructurings and Chapter 11 proceedings.

As a lead restructuring advisor to Brookstone, the nationwide specialty retailer and multifaceted Direct-Marketing business, Boucher guided the company through its Chapter 11 filing, restructuring and a plan of reorganization which resulted in a closed auction sale of $173M in equity, an 18% increase over the top stalking horse bid, and a sale at 17 times trailing twelve month EBITDA. Boucher has also helped drive value through restructuring for numerous retailers, including serving as Interim CFO at Fredericks of Hollywood during its in-court restructuring, and Interim CFO of the San Francisco Music Box Company and The Museum Company during their Chapter 11 proceedings, resulting in a going concern sale of one retailer and an asset sale of the other, generating a significant return for unsecured creditors.

“We are extremely pleased to welcome Mike and Craig to Mackinac Partners,” Mackinac Partners Co-founder and Managing Partner Jim Weissenborn said. “They are both highly skilled and experienced restructuring executives who have served in many C-level roles, worked both the debt and equity sides of complex turnarounds, and have helped a lot of companies improve their capital structures, increase efficiencies and drive value for stakeholders.”

“Mike and Craig bring valuable industry expertise to our restructuring advisory practice, particularly across the retail industry segments. They also provide additional expertise and depth to our rapidly growing restaurant restructuring practice led by Nishant Machado,” said Keith Maib, Senior Managing Director. “We look forward to leveraging these synergies for our clients.”

About Mackinac Partners:

Mackinac Partners is a leading financial advisory and turnaround management and restructuring firm that helps clients address and resolve financial and operational crises and pursue new growth opportunities. Mackinac Partners helps clients improve capital structures and financial performance, improve operations, achieve new growth and increase stakeholder value through an array of strategic, restructuring, M&A and financial advisory services including:

  • Turnaround Management & Financial Restructuring
  • CRO and Interim Management
  • Strategic, Operational and M&A Services
  • Specialty Real Estate Services
  • Business Intelligence, Corporate Security and Cyber Security

For additional information, please visit us at Or if you have a specific situation or inquiry you would like to discuss, please contact us at (248) 258-6900 or email us at:


Mackinac Partners
Stephen L. Weissenborn, 248-258-6900

Release Summary

Mackinac Partners is very pleased to announce the addition of highly accomplished turnaround, restructuring and M&A executives Michael Nowlan and Craig Boucher to the firm.


Mackinac Partners
Stephen L. Weissenborn, 248-258-6900