News & Events

  • Event Spotlight
    CR3 Partners is proud to serve as a corporate sponsor of Bankrupt Talent on November 14, 2018 at Le Poisson Rouge in New York City. This musical event, now in its 10th year, features rock-and-roll performances by members of the restructuring and insolvency community, including our own partner, Barak Tulin. Proceeds from all ticket sales and donations benefit the Make a Film Foundation, which grants film wishes to children with serious or life-threatening medical conditions and teams them with noted actors, directors and writers to create short film legacies. Tickets can be purchased in advance here or at the door. For more information, LIKE and visit the Bankrupt Talent Facebook page....
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  • CR3 Partners Expands Chicago Team
    CR3 Partners Expands Chicago Team CR3 Partners is pleased to announce that Tim Shanahan has joined the CR3 Partners team and will be based in its Chicago office. Tim’s background includes significant leadership and operating experience. He began his career in engineering and program management for a major automotive OEM, progressing to executive leadership as Vice President of Strategy and Business Development for a major branded consumer products company, followed by over 15 years of successful crisis management and corporate growth consulting. Most recently, Tim served as interim CFO of an international consumer products company with over $250 million in revenue, working alongside a CR3 engagement team to provide financial leadership during a critical bankruptcy period. “We’re excited to have Tim on the team,” said partner Tom O’Donoghue, who served as Chief Restructuring Officer of the consumer products company. “His financial management and executive leadership skills add to the depth of CR3’s expertise and allow us to better serve clients across the Midwest.” Tom added that the expansion of the Chicago team is significant because, “in addition to Chicago being a great central location, it allows us to reach more clients quickly and also provides us the opportunity to connect with middle-market capital funding sources who work closely with our...
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  • Cynthia Romano speaks on Bankruptcy and Turnaround Financing
    In a recent interview, Cynthia Romano, Partner, shared insight into Bankruptcy and Turnaround Financing. She shares “Bankruptcy protection is one tool available for use when restructuring a company. There are benefits to restructuring and reorganizing out of court but a Chapter 11 filing (typically used to reorganize a company or sell its assets as a going concern) provides a company runway to operate and reorganize or sell, freed (albeit temporarily) from the constraints of prior claims.” Read the entire post here>...
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  • CR3 Partners Advises NEOPS Alongside SSG Capital on Sale of Debt
    SSG Capital Advisors, LLC (SSG) acted as the investment banker to New England Orthotic & Prosthetic Systems, LLC and its affiliates in the sale of all of its outstanding senior debt to AHM Healthcare Strategies (AHM), an affiliate of Eschen Prosthetic and Orthotic Laboratories, Inc. (Eschen). The debt sale closed in July 2017. Tom S. O’Donoghue, Jr. and Doug Flannery of CR3 Partners, LLC, were the financial advisors to New England Orthotic & Prosthetic Services, LLC during the transaction. Read full article on the transaction here:  ...
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  • CR3 Partners Honored with Turnaround Award at 12th Annual Gala by M&A Advisor at 2018 Distressed Investing Summit
    CR3 Partners Honored with Turnaround Award at 12th Annual Gala by M&A Advisor at 2018 Distressed Investing Summit National turnaround firm takes home award for work on Chapter 11 Reorganization of ValuePart DALLAS, TX (March 14, 2018) — CR3 Partners, a Dallas-based national turnaround and performance improvement firm, today announced that the firm was awarded a 2018 Turnaround Award for “Ch 11 Reorganization of the Year for ($25-100MM)” by M&A Advisor in the “Chapter 11 Reorganization Award” category. CR3 Partners was one of four firms to receive recognition for their work on ValuePart, alongside FocalPoint Partners, Gardere Wynne Sewell LLP and Kane Russell Coleman & Logan PC, and will be honored at the 12th Annual Turnaround Awards Gala on March 20, 2018 in Palm Beach, FL. Shortly after a difficult refinancing in the summer of 2016 and a revaluation of its inventory, CR3 served as the Chief Restructuring Officer of ValuePart, Inc – a family-owned distributor of high-quality, competitively-priced, replacement parts for off-highway earthmoving equipment. CR3 implemented a cost reduction strategy by closing two unprofitable distribution centers and exiting a nonstrategic line of business. Successfully operating in Chapter 11 with only the use of cash collateral, ValuePart’s professionals worked to...
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  • William Snyder is Quoted in Houston Chronicle
    “Offshore operations are just a disaster and healthcare bankruptcies are about to come on hard and strong,” says William Snyder, a bankruptcy expert at CR3 Partners. “There is total confusion and uncertainty in healthcare about what is going to happen next with the federal government. We are just seeing the fallout from that now.” Read complete article here>...
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  • Cynthia Romano Speaks to the Exit Planning Exchange New York Chapter
    Cynthia Romano will be speaking to the New York Chapter of the Exit Planning Exchange (XPX) on the topic of operational efficiencie...
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  • Act Like A Startup to Activate a Turnaround
    An Article co-authored by Tracy Streckenbach and Tom S. O'Donoghue, Jr. Originally published in the American Bankruptcy Institute Labor & Employment Committee June 2017 Newsletter...
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  • Cynthia Romano will be participating in a Massachusetts Small Business Administration roundtable discussion
    Roundtable discussion on Banking and SBA/small business lending and industry trends....
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  • Debtwire Podcast: Listen to William Snyder, Gene Baldwin and Cynthia Romano recent Debtwire podcast
    William Snyder, Gene Baldwin and Cynthia Romano of CR3 Partners recently joined Debtwire legal analyst Richard Goldman to discuss restaurant and healthcare restructurings as well as PE investment opportunities. Take a listen to this podcast as they discuss current issues and trends. Listen here...
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