Kipp Fagerstrom Email & Phone Number

Atlanta, Georgia, United States

Led a team of financial professionals specializing in interim leadership, performance improvement, turnaround execution, strategic financial planning, and M&A advisory services.Core Competencies• Business Turnarounds: Expertise in revitalizing underperforming businesses to restore profitability and growth.• Restructuring & Performance Improvement: Skilled in streamlining operations to enhance efficiency and financial health.• Crisis Management: Proven ability to stabilize organizations during periods of significant challenge or uncertainty.• Strategic Growth Planning: Developing and executing forward-thinking strategies to drive sustainable growth.• Mergers & Acquisitions: Comprehensive experience in due diligence, deal structuring, integration, and value creation.• Competitive Strategy: Crafting actionable business strategies to strengthen market positioning and drive results.• Financial Reporting & Controls: Ensuring transparency, compliance, and accuracy in financial management and reporting.• Banking, Private Equity, & Board Relations: Building and managing strategic partnerships with financial institutions, investors, and boards of directors.• Corporate Finance & Treasury Management: Proficient in optimizing capital structure, liquidity, and risk management.• Operational P&L & Balance Sheet Oversight: Strong track record of managing profitability and financial stability across diverse industries.

Atlanta, Georgia, United States

Atlanta, Georgia, United States

Effective June 1, 2022, BKD and DHG merged to create FORVIS LLP

Atlanta, Georgia, United States

Engagements included:A $1.3B retailer• Strategic Analysis: Directed revenue enhancement and cost-saving analyses across three operating divisions and 250+ retail locations.• Wind-Down Leadership: Oversaw the closure of all retail locations and distribution centers, ensuring efficient transitions.• Financial Operations Management: Handled cash management, budgeting, and month-end reporting for the business.• Reporting & Modeling: Developed a weekly financial model and reporting package to enhance visibility and decision-making.• Collateral Recovery: Transitioned the company’s workers' compensation plan to a third party, unlocking an immediate $2M return of collateral to the estate.$1.5B Retailer• Business Plan Assessment: Led the evaluation of the company's strategic plan for its bank group, providing actionable insights.• Operational Improvements: Designed alternative working capital and cost-reduction strategies to stabilize operations.• Negotiation Support: Assisted in structuring the long-term plan and securing interim financing through negotiations.$100M Pharmaceutical Company• Department Revamp: Conducted a comprehensive assessment of the accounting department, streamlining team responsibilities and processes.• Process Improvement: Directed the first successful month-end financial close in over a year by optimizing workflows.• Vendor Management: Strengthened vendor relationships and implemented EDI portal access, significantly improving working capital.• Financial Planning: Developed a robust weekly cash flow forecasting model and a 5-year strategic business plan.• Credit & Financing: Negotiated loan forbearance with secured lenders and established new credit arrangements with existing vendors.

Atlanta, Georgia, United States

Engagements included: •$250M Senior Assisted Living Provider• Operational Efficiency: Led a comprehensive review of operations to identify and implement strategies for improving efficiency, enhancing revenue, and reducing costs.• Strategic Transaction: Played a key role in negotiating the sale of go-forward operations to a private equity ownership group.• Wind-Down Management: Oversaw the orderly closure of non-core operations under the supervision of bankruptcy courts, ensuring compliance and stakeholder alignment.$160M Construction Company (Oil & Gas Services)• Financial Planning: Directed the creation of weekly cash forecasts and long-term business plans to stabilize operations.• Cost Optimization: Conducted in-depth analysis and implemented cost-cutting measures to maximize liquidity and cash flow.• Stakeholder Negotiations: Collaborated with creditors and stakeholders, successfully negotiating multiple forbearance agreements with secured lenders.$200M General Commercial Construction Contractor• Process Improvement: Reviewed and refined the bidding process, conducted lost bid analyses, and explored opportunities to enhance bid success through increased bonding capacity.• Financial Analysis: Assessed the company’s revenue and cost structures, identifying opportunities for cost reduction and operational improvement.• Strategic Planning: Developed a robust weekly cash flow forecasting model and a long-term business plan to guide future growth.• Debt Restructuring: Assisted in negotiating a forbearance agreement with secured lenders, ensuring continued operational stability.

Atlanta, Georgia, United States

Engagements included:$50M Manufacturer and Global Distributor of Water and Waste Filtration Systems• Chief Financial Officer: Provided strategic financial oversight, leadership, and vision to support the Board of Directors in decision-making and long-term planning.$50M Wireless Services Company• Strategic Planning: Managed the creation of a 5-year business plan and offering memorandum, securing $6M in senior debt and $3M in mezzanine debt.$150M Cabinet Manufacturing Company• Interim CFO Leadership:• Directed the development of a weekly cash flow forecasting model and a comprehensive 5-year business plan.• Partnered in restructuring negotiations for existing senior and mezzanine debt.Led the selection and implementation of a new accounting system to streamline operations.• Reduced annual insurance costs by $100K through negotiations and competitive bidding.$150M Web Content Provider• Financial Reporting: Prepared annual U.S. GAAP financial statements, 10-K filings, and earnings press releases to ensure compliance and transparency.$250M Steel Processing Company• Interim CFO Leadership: Managed the orderly wind-down of operations and the liquidation of all assets outside of bankruptcy, preserving value for stakeholders.

Atlanta, Georgia, United States

Engagements included:$30M Lawn and Garden Distributor• Asset Liquidation: Oversaw the orderly liquidation of all company assets under Chapter 11 bankruptcy proceedings.• Financial Oversight: Developed and monitored weekly cash flow forecasts, authored monthly court reports, and streamlined regional and district management processes.• Strategic Planning: Assisted in negotiating and structuring the company’s long-term strategic plan and addressing interim financing needs.$25M Private Equity-Backed Restoration & Industrial Dry Cleaning Business• Interim CFO Leadership: Negotiated the sale of the business to the management team in collaboration with the bank and private equity group.• Financial Strategy: Directed the development of a weekly cash flow model and a long-term business plan to enhance financial stability.• Working Capital Optimization: Partnered with the accounting team to expedite accounts receivable collections, minimizing revolver borrowings.• Operational Realignment: Secured stakeholder consensus to realign operations for optimal performance and spearheaded the creation of a 5-year strategic plan.$80M Private Equity-Backed Real Estate General Contractor• Debt Restructuring: Collaborated in the successful restructuring of $65M in senior and mezzanine debt.• Strategic Planning: Led the development of a weekly cash flow forecasting model and a comprehensive 5-year business plan.$100M Private Equity-Backed Rail Car Manufacturer• Asset Liquidation: Managed the out-of-court liquidation of all company assets to maximize stakeholder value.• Financial Leadership: Monitored weekly cash flow forecasts and collaborated on the negotiation and structuring of the Plan of Reorganization and DIP financing terms.

Atlanta, Georgia, United States

Engagements included:$10B Grocery Store Chain• Strategic Reorganization: Directed the development and execution of a strategy to restructure the company around its “core footprint” of stores, including right-sizing G&A to align with the reduced footprint.• Financial Oversight: Managed the corporate accounting department, treasury, and business planning functions.• Cost Reduction: Led contract assumption and renegotiation efforts for the IT department, achieving a $30M reduction in contract cure costs.$250M Home Healthcare Provider• Interim CFO Leadership: Retained to guide the financial and operational turnaround of the business.• Profitability Reversal: Increased EBITDA from a $20M deficit to a $20M surplus within 12 months.• Cash Management & Planning: Managed daily cash flow activities and oversaw the development of a comprehensive business plan.• Bankruptcy Sale Execution: Led the preparation and execution of a Section 363 bankruptcy sale, including creditor communications and engagement with potential private equity buyers.$900M Post-Acute Healthcare Provider• Strategic Planning: Developed a weekly cash flow forecasting model and a 5-year business plan.• Operational Analysis: Directed a comprehensive analysis of revenue enhancement and cost-saving opportunities for the company’s ongoing operations.• Financial Consolidation: Streamlined cash management and forecasting functions and developed a KPI dashboard with a weekly financial and operational reporting package.• Board Engagement: Authored and presented a detailed report outlining key initiatives and an actionable roadmap to the Board of Directors.

Bba, Accounting

Activities and Societies: Theta ChiTheta Chi Fraternity

Mba, Finance

MBA - Finance