Jon, Randall, Alex and Nishant discuss what turnaround means today and what they’re seeing in the market right now.
Alex A. Calderone, Managing Director of Calderone Advisory Group
Having spent a significant portion of his career with some of the financial consulting industry’s leading national firms, including KPMG and Conway MacKenzie, Inc., Alex recognized that the middle market business community was significantly underserved due to the often prohibitively expensive pricing offered by the larger financial advisory firms which dominated the space. In founding the firm in 2014, his mission was simple – to assemble a group of talented and credentialed professionals with decades of hands-on experience that could provide cost-effective turnaround and litigation support services to the middle market, thereby filling a void that had previously been left open by its larger competitors.
Alex specializes in working with both healthy and underperforming companies across multiple industries. He has assisted clients with out-of-court restructurings, loan workouts, Ch. 7 and Ch. 11 bankruptcies, and various types of transactions including acquisitions, divestitures, and liquidations. He has significant experience related to business valuation, forensic accounting (including Ponzi scheme disentanglement), and economic damages quantification and is available to provide expert witness testimony in each of these disciplines.
He is a current or past member of numerous advisory boards, task forces and oversight committees, including the Turnaround Management Association’s Education Oversight Committee, the Michigan Association of CPAs’ Fraud and Construction Industry task forces, and the Journal of Corporate Renewal’s Editorial Advisory Board.
Alex was a recipient of the 2016 Top of the Class Award, sponsored by the Detroit Chapter of the Turnaround Management Association. In addition, he is a member of dbusiness Magazine’s 2017 class of Thirty in Their Thirties and most recently was recognized by Oakland County Executive L. Brooks Patterson as a member of Oakland County’s Elite 40 Under 40 class of 2018. He is a frequent speaker and author on topics of corporate revitalization and business insolvency and has been quoted or published in a number of media outlets, including Reuters, The Wall Street Journal, The Las Vegas Review Journal, TheStreet.com, The Journal of Corporate Renewal, ABL Advisor, Crain’s Detroit Business Magazine, and the Detroit News and Free Press.
Alex is a Certified Public Accountant, Certified Turnaround Professional, Certified Fraud Examiner, Chartered Global Management Accountant and Accredited in Business Valuation by the American Institute of Certified Public Accountants. He is also a former Visiting Professor of Accounting at Michigan State University and holds both a Master of Science and a Bachelor of Arts in Accounting with High Honor, from Michigan State University.
Nishant Holani, Co-Founder of Strategic Commercial Capital Partners
Strategic Commercial Capital Partners was formed by motivated and ambitious bankers. Their drive to obtain financing for their clients prompted a company that is now known as SCCP. SCCP goes above and beyond to help their clients get the financing they need.
Strategic Commercial Capital Partners is a nationally recognized financial company serving our clients’ financing needs. SCCP works with clients to properly structure a loan request, which is then submitted to one of our lending relationships. SCCP handles the entire process from origination to loan closing.
Mr. Holani is a cofounder of Strategic Commercial Capital Partners. Mr. Holani holds a B.A. from Wayne State University. His previous experience encompasses the financing of commercial properties including shopping centers, apartment projects and numerous build-to-suit properties for a number of known companies. Over his career, Mr. Holani has developed deep and lasting relationships with a broad array of lenders, including banks, agency lenders, life companies and conduit lenders. Mr. Holani is responsible for day-to-day management of the firm’s relationships with its most active lenders. Also, Mr. Holani specializes in Hotel financing and has an extensive network of partners to fund new and existing hotel projects.
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