Mr. Fox has more than 25 years of experience advising companies and other parties-in-interest across industries including aerospace, defense, manufacturing, mining, shipping, gaming, chemicals, retail and staffing.
Mr. Fox specializes in developing operational improvement programs around customer and product profitability, working capital reduction and expense reduction. He assists companies in the review and development of cash flow and liquidity forecasts, strategic and operating plans, capital structure alternatives, and the development, negotiation and implementation of restructuring transactions.
Among his significant engagements, Mr. Fox advised Caesars Entertainment Operating Company in its Chapter 11 restructuring, Momentive Performance Materials in its pre-packaged Chapter 11 restructuring, and a $1 billion steel company in the enhancement of its financial planning and analysis function. He assisted a $700 million aggregates and heavy construction company in the review of its operating plan, a privately held manufacturer of recycled paper products in identifying a series of performance enhancement programs, and a $500 million chemical manufacturer in the integration of two transformative merger transactions.
Mr. Fox also acted as restructuring advisor to Xerium Technologies, Inc. in the restructuring of its $625 million multicurrency credit facilities. The transaction provided full recoveries for creditors and value for existing shareholders. Following consummation of the transaction, he acted as interim Chief Financial Officer.
Additionally, Mr. Fox advised the senior secured note holders of Milacron LLC with respect to the structuring of a debtor-in-possession financing and the purchase of substantially all of the assets of the company through a sale pursuant to Section 363 of the U.S. Bankruptcy Code, a $700 million manufacturer of children’s apparel on the restructuring of $325 million of bank credit facilities, and regularly advises lenders in restructuring negotiations.
Prior to joining A&M, Mr. Fox served as a Managing Director with AlixPartners in New York. Previously, he was a Managing Director at Conway, DelGenio & Gries LLC, a boutique restructuring firm in New York, and a Partner in the restructuring practice at Ernst & Young LLP.
Mr. Fox earned a BBA in accounting from Hofstra University and an MBA in finance from Fordham University. He is a Certified Public Accountant in New York and is a member of the American Institute of Certified Public Accountants, the Turnaround Management Association and the American Bankruptcy Institute. He is an author of The Chief Restructuring Officers’ Guide to Bankruptcy and is a frequent panelist on restructuring topics.
NOTE: Alvarez & Marsal employs CPAs but is not a licensed CPA firm.