Areas of Expertise

  • Chief Restructuring Officer
  • Crisis Management 
  • Distressed Supply Chain Risk Mitigation    
  • Financial Analysis and Planning, Including Cash Flow & Business Plan Forecasting 
  • Sale Transactions Inside & Outside of Insolvency Proceedings
  • Turnarounds and Restructuring


  • Automotive and Heavy Manufacturing
  • International 

Prominent Cases

  • Chief Restructuring Officer, Gill Industries
  • Financial Advisor to the Takata Corporation OEM Group 


  • MBA University of Michigan


  • 4 Years with Firm
  • 28 Years of Relevant Experience


Alicia Masse is a Senior Managing Director in the Detroit office. Prior to joining B. Riley Advisory Services (formerly GlassRatner) in 2020, Alicia was a Managing Director and Founder of Alderney Advisors ("Alderney"), a business advisory firm providing financial and strategic solutions for stakeholders in high-risk, high-stakes challenging situations, primarily in the automotive industry.

Having led over 100 distressed engagements, Ms. Masse has a proven track record for leadership in global, multi-cultural, diverse environments creating opportunities for stakeholders to achieve optimal solutions to difficult and complex situations. While Ms. Masse's focus has been on restructuring in the automotive sector, she also has experience in the following industries: Logistics - Trucking; Commercial Vehicles and financing companies.

Prior to founding Alderney, Ms. Masse served as the Midwest Restructuring Leader and Global Automotive Supplier Risk Network Leader for EY. She created a robust global restructuring network of EY practitioners allowing response to global clients with global supply risk issues within 24 hours of engagement, spanning the US, China, Europe and Canada.

Her early career began in audit at Arthur Andersen, with significant experience at Ford Motor Company Finance and BBK, a boutique restructuring firm serving the automotive industry.

She serves on two non-profit boards in Detroit - Belle Isle Conservancy, Detroit Institute of Arts Auxiliary Board and the Friends of Asian Arts and Culture. Alicia received the Top U.S.A Women Dealmakers Award from the Global M&A Network in 2021 and was recognized as one of the Top Women in Asset Based Lending by the ABL Journal in 2022. She was also appointed to the Board of Directors of Haynes International, Inc., a leading developer, manufacturer and marketer of technologically advanced high-performance alloys in 2023.

Ms. Masse graduated from the University of Michigan, where she earned an MBA in finance and strategy.

B. Riley Advisory Services works with lenders, law firms, private equity sponsors and companies of all types. Our Advisory Services are a unique mix of Valuation and Appraisal Services including asset-based lending (ABL) Valuations; Restructuring and Turnaround Management; Forensic Accounting and Litigation Support; Operations Management; Compliance, Risk & Resilience Services; and Transaction Support Services including Due Diligence and Quality of Earnings Reviews. B. Riley Advisory Services is the trade name for GlassRatner Advisory & Capital Group, LLC, Great American Group Advisory & Valuation Services, LLC, Great American Group Machinery & Equipment, LLC, and Great American Group Intellectual Property Advisors, LLC.