Jonathan Wernick is a Managing Director in GlassRatner’s California practice. He brings more than 20 years of strategic financial and operational experience servicing clients with forensic investigations, creditor negotiations, asset sales, litigation support, solvency analysis, financial restructuring, capital sourcing, and operational improvement.
Prior to joining the firm in 2020, Mr. Wernick worked for 12 years in financial advisory firms that focused on restructuring and insolvency. Previous to that, he served as an interim CFO/Controller for public and private companies on behalf of ownership or equity sponsors. Jonathan has also held management roles at a large national food retailer, an international software company and a global food service provider. Jonathan started his career as a CPA with a big four accounting firm where he focused on middle market companies in the distribution, manufacturing, healthcare and retail sectors.
Mr. Wernick holds a Master of Business Administration degree from the University of Southern California, a Bachelor of Science degree from Yeshiva University and a certificate in the culinary arts from the New School of Social Research. He is a California and New York Certified Public Accountant (inactive) and a member of the American Institute of Certified Public Accountants (AICPA), the California Society of Certified Public Accountants, the Association for Capital Growth and the Turnaround Management Association. Jonathan is also a group leader for Provisors, a 6,000+ cross-referral network of trusted advisors.
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- Assignments for the Benefit of Creditors
- Bankruptcy Proceedings
- Borrower & Lender Advisory
- Cash Flow Projections
- CRO
- Due Diligence
- Fiduciary Services
- Financial Advisor
- Interim Management
- Section 363 Sale
- Turnarounds / Restructurings
- Assignee to a 250-location specialty book and gift store chain. The secured lender paid back approximately 75% of the loan.
- Assignee to a consumer products/ augmented reality company. Preserved enterprise value and sold to a competitor.
- Assignee to a sale of retail music chain. Sold over $5M of inventory previously deemed unsaleable.
- Assignee to a furniture manufacturer. Wound down business in a short period of time. Secured lender paid in full.
- Assignee to a furniture rent to own enterprise. Negotiated complicated agreement amongst secured creditors, preserved enterprise value and facilitated asset sale of business.
- CFO for a publicly traded restaurant chain during its initial phase of going public.
- CFO of a rapid growth footwear and accessory company that eventually was bought by private equity.
- CFO for an equity sponsored health and by beauty aid company.
- CRO for a privately-held manufacturer. Ensured adequate working capital to continue operations and restructured debt.
- CRO for a family-owned aerospace contractor. Preserved the value of real estate and ensured financial strength through sales process by investment bankers.
- CRO for an ESOP owned building contractor. Facilitated transition from bank’s special assets group back to normal bank line oversight.
- Financial Advisor to a major branded manufacturer of vitamins and supplements. Supported M&A process for investment bankers.
- American Institute of Certified Public Accountants (AICPA)
- California Society of Certified Public Accountants (CalCPA)
- The Association for Capital Growth (ACG)
- Turnaround Management Association (TMA)
- Jonathan is certified in the culinary arts from the New School of Social Research