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Rob is a turnaround professional assisting both underperforming and distressed companies in growing revenues, increasing EBITDA and decreasing working capital. Some of his recent assignments includes:- Advising an E&P company in a debt restructuring in the wake of falling oil prices.- Turnaround advisor to a multi-national construction equipment manufacturer who purchased a company in China which proved to be in a liquidity crisis beyond the buyer's expectations. Arrested the cash burn and enabled the acquisition to live on it's own cash flow.- Operations and Sales advisor to Tully's Coffee Shops and conducted a unique auction resulting in a 363 sale that generated sales proceeds in excess of the unsecured claims. Received the TMA Small Transaction of the Year Award for 2014. - Financial and operational improvement advisor to Viking Range Corporation, a manufacturer of high end, consumer kitchen brands. Assisted the leadership team in doubling EBITDA performance and restructuring their balance sheet.- Interim CEO/CRO for Bionol Clearfield LLC, a 110 mgpy ethanol producer located in Pennsylvania. Managing company through a debt restructuring. - CRO/President of Southwest Nut Company, the largest processor of pecans in the USA. Led company through the height of the busy season and arranged sale which netted secured lender 100% and equity a partial return.- Served as Chapter 11 Trustee for E3 Biofuels Mead, LLC, a 24 mgpy ethanol producer in Mead, NE with $50 million debt.-Operated a chain of 135 convenience stores with $60 million in secured debt, where he filed for Chapter 11 proceedings and successfully sold operations through a 363 auction.- CRO/COO of a $100 million manufacturer of store fixtures, where he restructured operations and cut $12MM in expenses.- Interim CFO/chief restructuring officer (CRO) of a $105 million consumer products company.- Responsible party for a chain of pharmacies operating in the Southwest where he led them through a bankruptcy and sale process.- Chapter 11 Trustee for an email marketing company where he filled the chief executive role and ran through company through a bankruptcy 363 sale.Rob has worked in key roles in manufacturing, product development, accounting & finance and sales. He has experience in aerospace & defense, consumer products, retail, restaurants, food, and agriculture industries.Specialties: Certified Turnaround Professional, Turnaround Management AssociationCertified Manufacturing Engineer, Society of Manufacturing Engineers
Cr3 Partners, Llc
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PartnerCr3 Partners, Llc Aug 2016 - PresentSeveral of my colleagues and I have formed a new firm focusing on debtor restructuring and interim management in 2016. CR3 Partners, LLC is a national turnaround and performance improvement firm with offices in New York, Boston, Charlotte, Chicago, Dallas, Houston and Irvine. We assist, guide and collaborate with management teams facing any sort of transition, stress or distress. Whether outlining strategies to accelerate growth, improving an operating inefficiency, solving a working capital shortfall, providing urgent crisis management, or guiding a company through a bankruptcy, our seasoned team of executives will quickly assess, stabilize and implement the best options for each situation. Our team is relied upon by middle market companies nationwide who seek senior-level counsel, be it in an advisory or in a more structured interim management or CxO role. At CR3, we help our clients effect real change.• We plan. If you don’t know where you are going, you will never get there.• We implement. A plan without execution is a hopeful wish.• We drive change. We lead as advisor, interim manager or executive coach.• We achieve results. Whatever it takes, we get it done.
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Principal, Deloitte CrgDeloitte Apr 2012 - May 2016Worldwide, OoDeloitte Corporate Restructuring Group (Deloitte CRG) specialized in providing in-depth business and financial advisory services to companies, their creditors, their equity holders, the legal community, bank syndicates and other interested parties in both in-court and out-of-court reorganizations.In May 2016, I moved on from Deloitte as they de-emphasized the CRO and Interim Management restructuring markets. -
Managing PartnerCrg Partners Mar 2001 - Apr 2012Founding partner of this turnaround management firmFirm founded in 2001 as Corporate Revitalization Partners or CRPMerged with TRG in 2007 to become CRG Partners Group LLC
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PartnerFour Corners Capital Partners Mar 1999 - Mar 2001Operating partner services to private equity firms needing improvements at their portfolio companies
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Senior Vice PresidentGeorge Group Dec 1989 - Mar 1999UsLed operations and sales groups within GG providing revenue and earnings enhancement and working capital reduction through the implementation of Lean Enterprise methods and tools.Company grew from 10 to 120 employees during this period. -
DirectorInternational Technegroup Inc. (Iti) Oct 1986 - Dec 1989Led business unit focused on providing product data exchange solutions to large corporations including Caterpillar, Ford and GE
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CaptainUs Air Force Oct 1982 - Oct 1986Randolph Afb, Tx, UsManufacturing Technology DivisionIntegrated Computer Aided Manufacturing (ICAM) Program OfficeComputer Integrated Manufacturing (CIM) Program OfficeAF Wright Aeronautical LaboratoriesWright Patterson AFB, OH
Rob Carringer Skills
Rob Carringer Education Details
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Penn State UniversityIndustrial Engineering -
Penn State UniversityIndustrial Engineering
Frequently Asked Questions about Rob Carringer
What company does Rob Carringer work for?
Rob Carringer works for Cr3 Partners, Llc
What is Rob Carringer's role at the current company?
Rob Carringer's current role is Partner at CR3 Partners, LLC.
What is Rob Carringer's email address?
Rob Carringer's email address is ro****@****ers.com
What is Rob Carringer's direct phone number?
Rob Carringer's direct phone number is +121237*****
What schools did Rob Carringer attend?
Rob Carringer attended Penn State University, Penn State University.
What skills is Rob Carringer known for?
Rob Carringer has skills like Restructuring, Mergers And Acquisitions, Turn Around Management, Due Diligence, Leadership, Strategy, Finance, Management Consulting, Process Improvement, Management, Private Equity, Financial Modeling.
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