Dennis  Gerrard

Dennis Gerrard’s background spans over 30 years in senior leadership positions including 21 years in turnaround management and financial restructuring. He has served as CRO, CEO, COO and as a board member for companies across various industries.  Dennis has considerable experience in restructuring businesses to operate in cash-constrained environments, reducing manufacturing overhead and SG&A.

Prior to his turnaround management career, Dennis spent over 11 years as a CEO or COO and held board positions with companies in consumer products and plastics businesses. He has successfully led or participated in the sale of 15 companies during his restructuring career, including Section 363 bankruptcy proceedings and Article 9 transactions, in addition to the refinancing of many businesses.

Representative Experience 
  • CRO of Express Grain Terminals, a $165MM family-owned grain elevator and crushing operator trading in corn and soybeans; recipient of the “Mid-Size Company Turnaround/Transaction” Award from the 2023 TMA Turnaround and Transaction of the Year Awards.
  • CRO of a multi-division provider of custom parts for the OEM segment and proprietary products for retail distribution.
  • Interim COO of multi-division branded manufacturer of electronic products for auto enthusiasts’ market.
  • CRO of a $100MM clothing supplier with four major design houses with operations in the U.S. and Central America.
  • Financial Advisor to a manufacturer and services provider for railroads and industrial facilities builders.
  • CRO of a multi-division producer of precision machined parts for automotive and aerospace industries. 

Dennis Gerrard's Insights & Articles

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Navigating a First-Of-Its-Kind Bankruptcy Case
Article

Navigating a First-Of-Its-Kind Bankruptcy Case

On September 15, 2021, a grain elevator operator and processor of soybeans submitted an out-of-compliance borrowing base certificate to its secured lender. What followed was a novel bankruptcy case marked by massive complexity and a near-impossible positive outcome.

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How Much Capital Do Companies Need for Post-COVID Recovery, and Who Will Provide It?
Article

How Much Capital Do Companies Need for Post-COVID Recovery, and Who Will Provide It?

CR3 Partners' clients and referral sources agree that additional capital will be needed to return operations to the "new normal" after COVID-19. But how much capital will they need, where will it be deployed, and who will provide it?

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Project Work

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Textile Recycling Company

Textile Recycling Company

CR3 was engaged as the CRO to a multi-facility international recycling company that was experiencing declining profitability due to increases in freight costs and a poor product mix from a new key supplier.
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Express Grain Terminals

Express Grain Terminals

Express Grain Terminal was a $165MM family-owned grain elevator and crushing operator trading in corn and soybeans and bean byproducts that filed for Chapter 11 bankruptcy protection after the secured lender moved to dismiss management and appoint a receiver.
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Electrical Connectors

Electrical Connectors

The company was a private equity-backed international manufacturer of electrical connectors and capacitors supplying a range of end markets including automotive, commercial and industrial, vending, and HVAC.
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