Mr. Teets has over 15 years of experience assisting companies address complex financial and operational challenges from both an advisory and interim management basis. His primary areas of expertise include liquidity management, financial planning and analysis, cost reduction/ working capital analysis, business plan review and development, and asset divestitures. His engagements have spanned across multiple industries including oil & gas, financial services, manufacturing and health & fitness. Notable clients include Key Energy Services, Southcross Energy, Lehman Brothers Holdings Inc., Fedders Corp. and Crunch Fitness.
Most recently, Mr. Teets served as a financial advisor in the oil and gas space, working closely with management teams and private equity sponsors to successfully reorganize through fully consensual, pre-packaged bankruptcy proceedings. In this capacity, Mr. Teets oversaw the liquidity management functions of both a mid-stream natural gas distribution company, as well as an oilfield service provider. As part of his cash management responsibilities, Mr. Teets focused on thirteen-week cash forecasting, business plan assessments and working capital management.Previously, Mr. Teets served as co-treasurer of the Lehman Brothers estate, where he developed the 5-year wind-down plan for Lehman’s executive management team and board of directors. This effort facilitated the repayment of over $70 billion in net recoveries to various classes of creditors during his tenure. Mr. Teets has also worked closely with several senior management teams to more effectively manage liquidity and reduce costs by focusing on capital structure, staffing & payroll, vendor management, as well as organizational structure. At Crunch Fitness, he spearheaded a customer profitability analysis that became the basis for the company’s revenue enhancement strategy. At Fedders, he built the thirteen-week cash flow model and oversaw the liquidation of the company’s excess inventory in an effort to maximize creditor recoveries.
Prior to joining A&M, Mr. Teets spent 3 years at Kemper Insurance Companies, a $3 billion property and casualty insurer, where he played an integral role in the development and implementation of a state-sponsored run-off plan during the insolvency restructuring phase of the company. Prior to that, he worked as an operations analyst at BWAY Corp. a $500 million public container manufacturer based out of Chicago, responsible for the cost-benefit analysis related to the consolidation, and subsequent closing, of select manufacturing facilities.
Mr. Teets received his Bachelor of Arts degrees in political science and economics from the University of Michigan, Ann Arbor and a Master of Business Administration, with concentrations in finance and strategy, from the Kellogg School of Management at Northwestern University.