Areas of Expertise
- Turnarounds/Restructurings
- Bankruptcy Proceedings
- Crisis Management
- Interim Management
- Financial Advisor
- Due Diligence
- Section 363 Sale
- Accounting
Industries
- Energy/Oil & Gas
- Metals
- Manufacturing
- Logistics/Distribution
- Transportation
- Restaurants
- Retail
Prominent Cases
- Chief Restructuring Officer for Impel Pharmaceuticals
- Financial advisor to the secured lender in BJ Services
- Financial advisor to the secured lender in Goodrich Petroleum
- Interim Financial Officer for Hancock Fabrics
Designations
- CTP
- CPA (inactive)
Education
- Master of Business Administration, Rice University, Jesse H. Jones Graduate School of Management
- Bachelor of Science in Accounting, Louisiana State University
Experience
- 29 Years of Relevant Experience
Biography
As an advisor, Mr. Smith works on both company and lender-side assignments, bringing an informed point of view to each. He has a demonstrated history of helping clients address key financial issues in areas including, but not limited to, financial reporting, financial and operational restructuring, due diligence, short- and long-term financial forecasting, capital structures and covenant development and project management.
Mr. Smith has been retained as Chief Financial Officer or Chief Restructuring Officer on multiple occasions and has been a crucial member of numerous CRO execution teams during in- and out-of-court proceedings. He has significant experience leading negotiations with lenders, overseeing effective operational and reporting integrations, securing constituent agreement on plans for reorganization and managing complex dispositions of assets in and out of Chapter 11.
Highlights of Mr. Smith's advisory assignments include the following:
- CRO for $100 million pharmaceutical concern during a Chapter 11 process resulting in a successful 363 sale and plan confirmation.
- Financial advisor to the secured lender for a $1 billion OFS cementing and fracturing concern during a Chapter 11 process.
- CFO of a professional services company, where he performed diligence and negotiated the terms of multiple acquisitions and oversaw the operational integration.
- Interim CFO of a trucking company as part of a private equity acquisition during which he established financial reporting procedures and oversaw the implementation of a new financial reporting and truck management system.
- CRO for a $300 million valve and pipe distributor during out-of-court negotiations with senior lender.
- Member of CRO team that advised a $700 million family-owned agribusiness during an out-of-court restructuring that involved operational improvements, the sale of certain assets, and the refinance of debt, resulting in 100% recovery for lenders and no equity dilution.
- Member of CRO team that managed a chain of 68 fast casual restaurants through a Chapter 11 procedure, including negotiating the successful sale of the operations.
- Member of CRO team that advised a $300 million fertilizer manufacturer during a Chapter 11 sale process.
- Interim Financial Officer for a $300 million retail company during Chapter 11, where he advised during the closure of unprofitable locations and assisted the company confirm a plan that resulted in a 100% recovery for unsecured creditors.
- Advisor to a distressed $200 million OCTG value added pipe distributor through a successful out-of-court restructuring resulting in asset sales, cost reductions and the refinance of the resulting profitable company with a new lender.
- Advisor to a $200 million publicly traded EPC firm during a successful out-of-court restructuring resulting in no equity dilution.
- Advised the senior lenders for an onshore E&P concern during a Chapter 11 process which resulted in a recapitalization through which the senior lenders achieved a paydown and the balance returned to a performing status.
- Financial advisor to a $300 million OFS company during a Chapter15 process.
- Advised a group in the successful acquisition of a $1 billion mining company operating in Chapter 11.
- Advisor to a $2 billion metals processing company during Chapter 11, where he advised the company regarding operational improvements, asset divestitures and ultimately the formulation of the plan of reorganization, which provided for a potential recovery to equity holders.
Prior to joining B. Riley Advisory Services, Brandon was a Senior Managing Director at Teneo. Previously, he was a
Managing Director at Ernst & Young and a Partner with CR3 Partners.
Mr. Smith received his B.S. in accounting from Louisiana State University and his MBA from Rice University. He started his career with Arthur Andersen in New Orleans. He is a Certified Turnaround Professional and Certified Public Accountant (inactive).
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.