Alex  Pettee

Alex Pettee

Manager

Alex Pettee has a decade of combined experience as an asset-based lender and turnaround consultant. Rooted in traditional credit fundamentals, he specializes in evaluating financial statements, modeling cash flow, and providing recommendations to clients in a broad spectrum of industries, including retail, energy, metals, technology, and food products. Alex is also versed in tableau-based analytics and has built data visualizations of logistics networks, inventory composition, and transaction logs that have uncovered insights and driven change.

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
  • Financial Advisor to $3B protein processing company. Developed and implemented multi-phased financial and operational restructuring plan generating $200MM+ of financial performance improvement initiatives, spanning operational and working capital improvements, SG&A expense reductions, capital plan implementation, and liquidity management.

  • Financial Advisor to CRO of 150-unit mall-based fast-casual restaurant chain. Built four-wall analysis, modeled financial and cash flow analysis, and analyzed covenants in various scenarios, helping the company undergo restructuring of its geographic footprint and lease portfolio.

  • Financial Advisor to lender for regional trash hauler in bankruptcy. Performed various financial analyses and enterprise valuation and provided insight assisting in the lender’s negotiations with debtor.

  • Financial Advisor to $100MM IT and managed cloud services provider. Developed assessment of GTM strategy, feasibility of projections, and alternative options, providing framework to monitor and continuously assess operating performance go-forward.

Alex Pettee's Insights & Articles

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CR3 Partners Expands Los Angeles and Houston Offices
News

CR3 Partners Expands Los Angeles and Houston Offices

CR3 Partners is proud to announce the expansion of its rapidly growing Los Angeles office by adding two Senior Associates, Alex Pettee and Ashtynn Baltimore. Along with the additions to the Los Angeles office, CR3 Partners would also like to announce its new Director, Avery Alcorn out of the Houston office.

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Project Work

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Quick Service Franchise Operation

Quick Service Franchise Operation

The company was a $120MM quick service franchise operation that breached its covenant due to declining sales and hired CR3 Partners to assess its business plan.
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Ruby Tuesday

Ruby Tuesday

The company was a $300MM private equity-owned casual dining restaurant that experienced sales declines due to industry trends and the COVID-19 pandemic, forcing the company to file for Chapter 11 bankruptcy to reorganize.
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Heavy Oil Producer

Heavy Oil Producer

The company is a $24MM exploration and extraction company that produces heavy oil. The company filed for bankruptcy to avoid foreclosure by lenders, who petitioned for the appointment of a Chapter 11 Trustee.
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