HOUSTON--(BUSINESS WIRE)--Drew McManigle, a nationally known and seasoned interim leader and restructuring professional, announced today the launch of MACCO Restructuring Group, LLC (MACCO). Based in Houston, with a national reach, MACCO provides senior interim leadership and financial advisory services to middle-market companies and their management, family offices, private equity investors and other stakeholders when a company or investment is in operational or financial peril. MACCO also provides financial advisory services to lenders and lending syndicates, including fiduciary services such as acting as a receiver, assignee or post chapter 11 plan trustee.
Prior to establishing MACCO, McManigle founded and operated The McManigle Company, a boutique advisory and interim management firm focused on business reorganization in 1993. Most recently, he was a Sr. Managing Director & S.W. Head for a West Coast firm.
In Houston, McManigle is joined by Webb Stickney as Managing Director, who has served as a leader holding titles such as CEO, COO, or CFO for privately owned companies in industries as diverse as food manufacturing, defense contracting and sports franchises. Kathy Mayle, MBA, also joins MACCO as Sr. Financial Analyst with comprehensive analytical and financial skills, including extensive experience in working with clients preparing for chapter 11 bankruptcy.
McManigle stated, “I’m very excited to establish a Houston-based middle-market firm with my colleagues that can leverage both our valued nationwide relationships and our extensive and practical business operating experience to work to save businesses and investments.
“With a nod to my oil and gas industry roots, at MACCO, we’re channeling the late, great oil-well firefighter, Red Adair,” continued McManigle. “Mr. Adair famously said, ‘With bombs and fires, you get only one mistake.’ With our clients who are in trouble or ‘on fire’ we get that!
“The financial advisory and restructuring space is loaded with firms and solo practices. It’s the competence, objectivity, transparency and skills of the individuals who are doing the work on behalf of the client that make the difference. In my experience, most clients don’t want someone making critical command decisions or providing similar advice who’ve never held the chair,” McManigle noted. “Our clients are, by most measures, broke, and we’re there to help, not heap on misery by running up exorbitant fees, providing squishy options or performing unneeded analysis. We’re there to find solutions that put out the fire and protect the stakeholders from getting burned.”
Learn more about MACCO at www.maccorestructuringgroup.com.