With more than 15 years of restructuring experience, Mr. Grady's primary areas of concentration are developing, implementing and leading strategic financial and operational turnaround plans, and developing and analyzing operating budgets and financial projections. He assists clients in industries such as mining, retail, construction, manufacturing and real estate.
Recently, Mr. Grady served as Deputy CFO of Longview Power/Mepco LLC, a 695-megawatt coal-fired power plant and four million tons per year coal producer. He led the development and implementation of the company’s weekly cash flow forecast and business plan as it reorganized via Chapter 11. He also facilitated the overhaul and restructuring of the company’s policies and procedures in the accounting department of its coal mining subsidiary.
Mr. Grady served as a financial advisor to Clipper Windpower, a wind turbine and servicing company with 700 commissioned and operating wind turbines across 26 wind farms, assisting the parent company in reviewing strategic alternatives. He worked with management to develop a transformative business model, including a new go-to market strategy, and a right-sized manufacturing footprint including an assessment of resource requirements, which led to the development of an alternative wind down strategy.
Mr. Grady served as a Liquidating Trustee of a landfill operation outside of Selma, AL which he operated for over six months and monetized the landfill, doubling the initial value offered.
Mr. Grady served as a financial advisor to the Unsecured Creditors Committee in the Chapter 11 filing of Capmark Financial Group, Inc. (CFGI). His duties included advising on the sales of CFGI’s assets, monitoring CFGI’s dealings with the Federal Deposit Insurance Corporation (FDIC) and its ILC, reviewing compensation plans, analyzing liquidity forecasts and cost reduction plans, and advising on the bankruptcy plan.
Mr. Grady served as CRO of Bruno’s Supermarkets, LLC and led the company through Chapter 11 bankruptcy. He spearheaded initiatives to maintain sales amidst declining market share, while reducing operating expenses, corporate overhead and closing unprofitable stores.
Mr. Grady earned a bachelor’s degree in accountancy from the University of Illinois. He is a Certified Public Accountant and is a veteran of the United States Navy.
NOTE: Alvarez & Marsal employs CPAs but is not a licensed CPA firm.