Ed Sanz

Mr. Sanz is a senior finance and restructuring professional with over thirty years of experience as a CFO, interim manager, and financial consultant to business owners, boards of directors and senior management in the U.S. and abroad. He has provided services including interim crisis management, board of director advisory services, financing/refinancing services, company assessments, and operational/profitability improvement. He also has extensive experience in both out-of-court and state and bankruptcy court proceedings, serving in court-appointed roles including Chief Restructuring Officer, Financial Advisor, Receiver, Trustee, and Expert Witness.

Mr. Sanz has collaborated successfully with both debtors and creditors in a variety of industries, including manufacturing, distribution, restaurant, retail, food services, higher education, printing, media, energy, construction, nonprofit, service, agriculture, healthcare, telecom, real estate, pharmaceutical, transportation, software/technology, professional services and aviation.

Mr. Sanz began his career as a commercial lender with a large regional bank after completing its formal credit training program. As a consultant at a Big Four accounting firm, he performed detailed valuations of public and private companies in connection with mergers/acquisitions, recapitalizations, litigation support, and tax cases. He then led the analysis for a regional telecom's CFO of the company's Latin American cellular investments with combined revenues of $350 million in five countries. He was the expatriate CFO of an international textile manufacturer in Mexico and was the CFO of a private equity-owned manufacturer of specialty yarns. He was also a project manager leading cross-functional teams on post-merger integration projects for a major money center bank. Mr. Sanz has worked in the turnaround and restructuring industry since 2005 with three middle-market advisory firms before joining B. Riley in 2023, most recently with ABTV where he was the Managing Partner.

Select assignments and experience include:

• Financial Advisor for a $45 million (revenue) multi-location textile manufacturer, leading a successful refinancing and coordinating a strategic sale with management.
• CRO of a 96-year-old chemical manufacturer transitioning to a brand management/licensor strategy while winding down and managing legacy liabilities.
• CRO of a 180-year-old private college, leading the school through a severe cash and leadership crisis and resulting in a highly successful turnaround that put the college on sounder footing.
• CRO and Receiver for a $35 million (revenue) multi-location drug treatment and rehabilitation operation. Managed the company through stabilization and ultimately a liquidation.
• Financial Advisor for a $600 million (revenue) multi-location textile manufacturer, leading a successful out-of-court liquidation process that resulted in full recovery for the secured lender and significant recovery for unsecured creditors.
• CRO for an $80 million biorefinery project in Chapter 11, resulting in an orderly wind down and sale.
• Receiver for a pre-cast concrete contractor in Georgia that was ultimately liquidated in a wind down.
• Post-confirmation Trustee for a Creditors Trust created under the confirmation plan for a large packaging manufacturer that emerged from Chapter 11.
• CFO of a $50 million (revenue) NC-based, multi-location textile manufacturing company, including coordination of a project to move significant production to a start-up Mexican facility.
• Financial Advisor to a 192-year-old private college experiencing significant losses and financial instability. Performed a comprehensive assessment of the college's finances and existing initiatives and identified additional opportunities for improvement.
• Financial Advisor to an operator of twenty-five casual dining steakhouse restaurants in four states. Provided recommendations for improvements in cash flows, operations, and financial reporting.
• Estate Executive and advisor for a rural hospital that was sold through a Chapter 11 process to a large regional healthcare company.
• Expatriate CFO of an international $90 million (revenue) joint-venture textile manufacturer, representing a $130 million greenfield investment, which included administering and navigating a complex $74 million international credit facility through the Mexican peso crisis.
• Expert Witness in a Chapter 11 bankruptcy case in the Western District of North Carolina regarding the setting of an interest rate on the impaired secured claim of a senior secured lender.

Mr. Sanz graduated from the University of Virginia with a Bachelor of Science in Commerce and received his Master's in Business Administration with honors from Emory University. He holds Certified Turnaround Professional (CTP) and Chartered Financial Analyst (CFA) designations.

Mr. Sanz has authored articles for industry journals and chapters of the Turnaround Management Association's Body of Knowledge. He has also spoken on various topics, including distressed healthcare, employment issues in Chapter 11, the hospitality industry, distressed higher education, distressed non-profits and supply chain challenges. He currently serves on the Board of the Carolinas Chapter of the Turnaround Management Association (TMA) where he was also a past President. He also served on the Board of Trustees of TMA Global, where he chaired the Certification Oversight Committee which oversees the administration of the Certified Turnaround Professional (CTP) designation. He is a member of the TMA, American Bankruptcy Institute, Secured Finance Network, CFA Institute, CFA North Carolina Society, and Association for Corporate Growth.