Mr. Shapiro joined GlassRatner in 2016 to help found the firm’s Dallas office. He has more than 25 years of strategy, finance and turnaround experience gained from holding corporate management roles and from advising companies in need. Mr. Shapiro’s unique combination of corporate financial management and turnaround skills proves valuable to companies executing a turnaround, developing a plan of reorganization or obtaining capital. Additionally, he is one of the leaders of the firm’s Due Diligence practice with significant transactional experience helping companies diligence, execute and integrate corporate transactions. Mr. Shapiro is well regarded for his ability to realize the financial and operational improvements necessary to enhance stakeholder value.
Mr. Shapiro has functioned in executive leadership, interim management and advisory positions for publicly held, privately owned and equity sponsored entities – both domestic and international — with revenues ranging from $15 million to $15 billion. Industries served include healthcare, retail, distribution, commercial and financial services, metals and manufacturing, consumer products and telecommunications. He has also helped a number of founder-led companies (public and private) through unique, transitional situations.
Mr. Shapiro has restructured and successfully managed companies through a number of transitional, troubled and distressed situations. His methodology melds hands-on strategic planning and implementation with collaborative stakeholder interaction and he is highly skilled at managing, through the cultural changes that affect companies in transition
Mr. Shapiro has advised on corporate acquisitions and sales of entities with values ranging from $10 million to $1 billion in conjunction with stock offerings, private placements and §363 auctions. He has negotiated cash-flow-based and asset-based lines of credit, managed complex debt re-capitalizations, and secured debtor in possession facilities in addition to real estate and equipment financing.
Mr. Shapiro received his B.S. in Accounting from The Ohio State University and began his career with Ernst & Young in New York. He is a Certified Public Accountant.
- CRO
- Fiduciary – Trustee/Receiver
- Turnarounds/Restructurings
- Bankruptcy Proceedings
- Crisis Management
- Interim Management
- Financial Advisor
- Due Diligence
- M&A
- Section 363 Sale
- Accounting
- Chapter 11 Trustee in the WC 6th & Rio Grande bankruptcy (WDTX 23-11040, Bradley), a Nate Paul-owned real estate entity in Austin, TX, subject to allegations of fraud.
- Independent Manager to 777 Partners LLC and its affiliates, a Miami-based alternative investment firm subject to litigation and various allegations of fraud and double-pledging of assets
- Liquidating Trustee in the GGI Holdings/Gold’s Gym bankruptcy (NDTX 20-31318, Hale), a global operator of owned and franchised fitness clubs
- Creditor Trustee in the Neighbors Health bankruptcy (SDTX 18-33836, Isgur), an owner/operator of free-standing emergency centers
- Liquidating Trustee and Financial Advisor to the Chapter 11 Trustee in the Alliance Health bankruptcy (SDTX 17-32186, Isgur), an online pharmaceutical distributor and service provider
- Court-appointed Receiver to Fenton Motors (Collin County TX District 219-00424-2019), a distressed group of auto dealerships
- Court-appointed Receiver to Central Hospital of Bowie (Dallas County TX District 160-20-06291), a rural Texas hospital
- Court-appointed Receiver to T&H International (Harris County, TX District 151-201987251). a distressed general merchandise retailer
- Chief Restructuring Officer to Kalera Inc. (SDTX 23-90290, Lopez), a multi-state vertical farming business
- Chief Restructuring Officer to Bela Flor Nurseries Inc. (NDTX 23-42469, Mullin), a multi-state owner/operator of greenhouse nurseries
- Chief Restructuring Officer and Plan Administrator to Christian Care Centers, Inc. (NDTX 22-80000, Jernigan), a multi-campus CCRC senior living community in the DFW Mulitiplex
- Chief Restructuring Officer to Limetree Bay Refining (SDTX 21-32351, Jones), an oil refinery complex on the island of St. Croix in the US Virgin Islands
- Chief Restructuring Officer in the Fresh Acquisitions LLC and Buffets LLC bankruptcies (NDTX 21-30721, Jernigan), operators of independent buffet-style restaurant brands
- Chief Restructuring Officer to Lockwood International (SDTX 18-30197, Jones), a pipe, valve and fitting distributor to the midstream and downstream energy markets, in bankruptcy
- Chief Restructuring Officer in the Pine Creek Medical Center bankruptcy (NDTX 19-33079, Hale)
- Co-Chief Restructuring Officer in the PBS Brand/Punch Bowl Social bankruptcies (Delaware 20-13157, Stickles), a nationwide chain of entertainment restaurants
- Chief Restructuring Officer to a Tier-1 automotive, aerospace and defense parts manufacturer
- Chief Restructuring Officer to a distressed, multi-location, multi-state group of auto dealerships
- Chief Restructuring Officer for a private-equity sponsored health-care professional service company
- Chief Restructuring Officer for a publicly-held ISO payment processor
- Chief Restructuring Officer for a private-equity owned, distressed international aluminum product manufacturer
- CEO for $200 AUM, highly-levered, private equity-sponsored investor in tax lien assets
- CFO for $5 billion, 2,000 location general merchandise retailer
- CFO for $15 billion distribution company operating in bankruptcy
- Developing and executing plans of reorganization for corporate restructurings
- Leading multiple lender-sponsored section 363 auctions
- Serving in fiduciary roles as court-appointed trustee, receiver and estate representative in a number of special situations and bankruptcy wind-downs
- Executing an Assignment for the Benefit of Creditors for a privately-owned telecommunications company
- Leading due diligence and integration efforts for multi-billion, multi-state operations in various industries
- Refinancing or recapitalizing balance sheets for public and private equity owned businesses
- Managing forensic accounting work for a post-bankruptcy corporate carve-out n Outsourcing non-essential functions in corporate restructurings to improve profitability and cash flow
- Developing and implementing critical cash and working capital forecasting and management efforts necessary for turnaround efforts
- Relocating a corporate headquarters from the West Coast to the East Coast while simultaneously re-staffing all finance, marketing, customer service, human resources and IT personnel
- Driving revenue enhancement and cost containment initiatives by leading strategies in sales force management, pricing, process improvement and vendor outsourcing
- Assessing and strengthening operational areas such as asset acquisition, portfolio allocation, vendor procurement, customer billing, point of sale and risk management
- Supplying financial leadership in the areas of strategic planning, financial planning & analysis, and corporate accounting