Mr. Omohundro has worked with clients across various industries including energy, construction, mining, manufacturing, chemicals, imaging/film, food processing, and municipalities. Mr. Omohundro’s most recent experience includes serving as advisor to Layne Christensen, an $800 million revenue per year water management, heavy construction, mining services, and drilling corporation, through an out-of-court restructuring. He led a team that drove over $35 million in liquidity improvements, assisted in refinancing into a $135 million Asset Based Loan, identified and achieved over $20 million in annualized cost reduction initiatives, and overhauled near-term and long-term business planning and cash forecasting processes.
Other select examples of Mr. Omohundro’s prior experience include serving as advisor to the Committee of Unsecured Creditors for Eastman Kodak Company; evaluating asset sales/dispositions, IP monetization strategies and employee compensation programs; settlement of foreign pension obligations, financial performance, and bankruptcy emergence business plans; and ongoing operational matters.
Mr. Omohundro served as Interim Treasurer and restructuring advisor to Tronox, Inc., a $1.5 billion revenue per year international commodity/specialty chemical producer in Chapter 11 bankruptcy, managing the company’s short and long term liquidity position and forecast, administering bankruptcy claims and contract analyses, and supporting a §363 sale process, $425 million DIP refinancing process and ultimately the Plan of Reorganization process.
He also served as Interim Treasurer for Valerus Compression Services, a $500 million per year oilfield services company, achieving over $20 million in working capital reductions, building detailed 13-week cash forecasting and performance metrics, consolidating treasury functions for its six domestic and international segments, and applying significant process reform for supply chain, project management, and FP&A functions.
In addition, he served as advisor to the secured lender of a private-label peanut butter manufacturer interrupted by a salmonella recall, developing cash forecasting processes, inventory monetization strategies, multi-party settlement proposals between key customers and suppliers, and analyzing the Company’s plans to resume operations.
Prior to joining A&M, Mr. Omohundro spent three years with a publicly traded healthcare company, SecureCARE Technologies, Inc. in Austin, Texas, where he was the company’s Controller. Mr. Omohundro was also previously employed by Ernst & Young and Apache Corporation.
Mr. Omohundro received a master's degree in professional accounting and bachelor's degree in business administration from the University of Texas at Austin. He is a Certified Public Accountant (CPA), Chartered Financial Analyst (CFA), Certified Insolvency & Restructuring Advisor (CIRA), and Certified Fraud Examiner (CFE).
NOTE: Alvarez & Marsal employs CPAs but is not a licensed CPA firm.