- Sheryl Hilash AVP Corporate Banking
Concentra Financial Services Association
Kirchner Transition Management enables companies to fill an immediate gap in their management team.
Each of our senior executives has extensive experience in C-level positions. They are able to rapidly enter and lead an organization or division while helping recruit permanent management, or run the company while a sale process is undertaken. We offer our senior executives to assist our clients with tailored solutions to meet their unique situations.
Workouts & Turnarounds
Kirchner Transition Management is highly experienced in all aspects of recovering and creating value for distressed companies.
We distinguish a “workout” from a “turnaround” as follows:
- Vincenzo La Ruffa, Susquehanna International Group, LLP
A workout typically entails a shorter duration engagement (four to six months) that is focused on addressing the most acute problems with the goal of preparing the company for an exit immediately upon the conclusion of the workout.
A turnaround is a more significant engagement in duration (6 to 24 months, or more) that involves significant efforts to address both short term and strategic issues with the end goal of putting the company back on its feet. This typically includes recruiting permanent management team members where applicable and building value with the goal of an exit that is at least 24 to 36 months away.
For our clients, we apply a copyrighted proprietary protocol called ‘TurnaroundWorks’.