Akash currently serves on the Executive Committee of the Turnaround Management Association’s (TMA) Chicago/Midwest Chapter as the Vice President of Programs after previously serving as a co-chair of the Entertainment and NextGen committees for 5 years. He received the Emerging Leader Award in 2022 and the Certified Turnaround Professional of the Year Award in 2023 from the TMA. Additionally, Akash is a recipient of the M&A Advisors’ Section 363 Sale of the Year Award in 2023.
Representative Experience
- CRO of Allied Healthcare Products, Inc., where he led the successful operational turnaround and the transaction process of a going-concern bankruptcy 363 sale. Negotiated with the local union to rehire employees, secure a new lender, avoid FDA shutdowns, improve revenue per head by 200%, distribute 40% to unsecured creditors, and sell the company at four times liquidation value.
- Financial advisor who led the operational wind-down and revenue cycle management of a publicly traded healthcare company. Managed over 80 employees, led 2 divestitures of medical facilities netting $16MM, and improved cashflows by over 50%. Successfully led the legal discovery process of the client’s D&O lawsuit that settled for $15MM.
- Deputy CRO of a $750MM frozen food delivery company, leading the turnaround and sale of the business. Secured $65MM in rescue capital, redesigned the supply chain processes to improve case pick-rate by 250% and increase fulfillment rate by 30%, and redistributed inventory, improving weekly sales by $350K and freeing up $5MM in cash.
- Financial advisor to a Fortune 100 client, where he managed numerous successful workout negotiations within an agricultural debt portfolio recovering over $30MM of impairment loss.
- Financial advisor of a $550MM private restaurant chain, improving EBITDA and restructuring leases with poor performing locations.