Subsidiary of Global Branded Spirits
$150MM U.S. subsidiary of global branded spirits distribution and manufacturing company that was experiencing declining liquidity and increasing inventory balances.
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Cody Clarke is an experienced financial professional in various industries, including manufacturing, healthcare, consumer products, and food and beverage. Cody’s experiences include interim management roles as well as serving as an advisor to companies. He has led numerous projects involving the financial and operation stabilization of the companies, the placement of both debt and equity, and successful experience surrounding merger and acquisition activities.
Cody serves as an Entertainment Committee Member for the Turnaround Management Association (TMA) and is active in the Chicago acting community as well as the Young Professional Network of Chicago.
Representative Experience
- Interim CFO of a $200MM steel tank manufacturer. Reorganized financial team, created 3-FS and 13-week cash flow forecasts to support operations, revamped the procurement process to include hedging opportunities, and managed inventory effectively. Recipient of the M&A Advisor’s Deal of the Year Award.
- Financial advisor to a $1B medical supply distributor. Led the team to address the tightening liquidity profile as well as aid in the efforts to successfully refinance from a traditional bank lender with a private credit lender. Identified ~$20MM of annual cost savings.
- Member of an Interim CFO and financial advisor team for a $1B public motor home and RV national dealership chain. Helped to develop a 3-year plan and implement the selling of underperforming assets.
- Reorganized and filed Chapter 11 bankruptcy for a $75MM west coast casual restaurant chain.
- Member of a team associated with a $500MM medical lab in Receivership. The engagement team replaced senior management for a medical diagnostic lab (molecular, clinical, anatomic pathology). Stabilized operation, implemented compliance program, and developed strategic alternatives amidst a highly publicized owner dispute and investigation of pre-receivership conduct.
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