Robert Annas is a Managing Director at GlassRatner with more than 25 years of experience improving the strategic, financial, and operational performance of middle-market and multinational businesses across eight sectors — healthcare and life sciences; manufacturing; consumer products, retail and distribution; business services; technology; industrial services; media and entertainment; and public infrastructure. He has been involved in more than 30 situations representing over $20 billion of financial, operational, and capital restructurings, and has held senior operating roles as Chief Restructuring Officer, President/COO, and CFO, alongside company-side, sponsor-side, and lender-side advisory mandates.
Mr. Annas recently served as Interim Business Transformation Officer at a global business services company providing travel visas to business and leisure travelers and business immigration services worldwide, reporting directly to the CEO. He has led initiatives across M&A, go-to-market strategy, marketing, and technology enablement.
Mr. Annas has also served as a director or board advisor throughout his career. He is a founding board member of an acute-care inpatient telemedicine platform he helped carve out and begin to scale and has served as an advisor and board member of a hospitalist management company operating across 17 states, an enterprise HR software provider, an outdoor consumer products manufacturer, and a construction services firm. In those seats, he has driven strategic initiatives, led CEO-level strategic reviews, and worked on the governance side of sale processes and recapitalizations.
Mr. Annas spent over 15 years as a Managing Director at middle-market advisory and principal investing firms, supporting dozens of companies representing over $15 billion of enterprise value. Before that, he was a partner in a $109 million Atlanta-based private equity fund and a Managing Director and Senior Portfolio Manager at a $5 billion investment management firm overseeing 14 companies and more than $1 billion of invested capital. He began his restructuring advisory career in the corporate finance practice of a Big Four firm and served as Corporate Controller and VP of Finance of a $350 million integrated steel producer through its reorganization.
Mr. Annas holds a B.S. in Business Administration and a Master of Accountancy from the University of North Carolina at Chapel Hill and a Project Management Certification from Cornell University. He is a Certified Insolvency and Restructuring Advisor (CIRA) and a member of the Association of Insolvency and Restructuring Advisors and the Turnaround Management Association. He is a co-author of three issued patents on “Systems and Methods of Automating Processes for Remote Work
- CRO Services Fiduciary, ABC & Receiverships
- Financial Restructuring Turnaround & Interim Management
- Operational Improvement
- Financial Due Diligence
- Mergers/Acquisitions, Divestitures/Carve-Outs
- Interim Management Fractional Leadership
- Helped carve out an early-stage acute-care telemedicine business and served in various senior management roles as well as a board member — assisting in developing plans to scale revenue and drive organizational development; co-author of three issued patents
- $10 million EBITDA improvement at a sponsor-backed molded plastics manufacturer through pricing, cost rationalization, and working capital discipline
- $56 million of senior debt restructured at a retail life-sciences manufacturer, followed by a Chapter 11 asset sale
- Part of the restructuring team at a national staffing provider with roughly 200 offices following an 88% EBITDA decline — EBITDA up 100%+ and revenue went up 23% in two years, ultimately sold to private equity
- $50 million-plus of revenue and $40 million-plus of contribution-margin opportunity identified over three years at a Southeast academic medical center, serving in the office of the CRO
- Served as CRO and led Section 363 sales of four divisions of a multi-division office-products manufacturer, totaling $80 million
- Restructuring and debt-to-equity conversion at a $180 million direct-marketing company on behalf of $115 million of senior secured noteholders
- Led PMO in review of the ten-year capital plan and integrated liquidity model for a bi-state transportation and commerce agency serving seven cities and 200-plus municipalities against more than $15 billion of debt