Alex Pettee

Prior to joining CR3, Alex was Vice President of Credit Risk at JPMorgan Chase, where he was responsible for all aspects of a portfolio of ABL client relationships, including credit analysis, financial modeling, and approval of credit requests. He structured and negotiated credit agreements, amendments, and waivers while assessing internal risks, operational performance, collateral trends, and covenant compliance. Alex started his career specializing in ABL collateral, executing on-site audits to assess value of the collateral base and integrity of records, financial condition, outstanding loans, and collateral risk and exposure. Alex is a member of the Turnaround Management Association (TMA).

Representative Experience

• Advisor to a private equity-sponsored silicon wafer manufacturer. Initially engaged to assess sale vs. wind-down scenarios, then led the finance function through a successful M&A process, managing due diligence and supporting negotiations for an asset sale that generated returns significantly higher than projected and secured a $1.5B investment commitment from the buyer.
• Advisor to $100MM private equity-owned frozen fruit processor. Developed a 13-week cash flow forecast and restructuring plan, implemented operational improvements to address margin erosion, and negotiated a credit amendment with lenders to stabilize the business amid a debt default.
• Advisor and interim management to $1B recreational vehicle (RV) dealership network. Supported management team in developing and implementing a turnaround plan, engaged and completed various M&A divestitures, and developed and implemented cash management processes.
• Advisor to CRO of privately-held milling and packing operation in default on $70MM of debt. Developed and implemented cash management processes, implemented a reduction in force to right-size payroll, developed a restructuring plan, and managed a sale process that facilitated a successful exit for the lender through a third-party note purchase.
• Advisor to lenders of a public wine producer with a large brand portfolio, multiple vineyards, and a bottling plant. Assessed company business plans, conducted continued asset valuations, and advised lender group up to and through chapter 11 process.