Collins Barrow launches restructuring and recovery services practice
TORONTO, July 10, 2013 /CNW/ - Collins Barrow Toronto is advancing its suite of specialty service offerings to provide a one-stop shop for financial advisory solutions. Two new partners recently joined the firm, bringing with them extensive expertise in corporate restructuring, recovery and insolvency.
Bryan Tannenbaum and Daniel Weisz have joined Collins Barrow Toronto to launch a new restructuring and recovery services practice. This group assists companies at crucial points in their lifecycles, bringing unbiased perspectives and insights that help stabilize operations and optimize benefits to stakeholders.
Drawing on their experience from both mid-market and national firms, Tannenbaum and Weisz's practice develops and implements strategies to assist when performance issues or liquidity concerns threaten. They work with lenders, creditors, debtors and other stakeholders to identify and evaluate available options, offering creative solutions and helping lenders maximize their recoveries where appropriate.
"The harsh reality of our economy is that a growing number of businesses are facing performance and cash flow issues," says Harry Blum, Managing Partner of Collins Barrow Toronto. "To respond to the needs of the market, Collins Barrow Toronto is growing again. Today our team is equipped to effect a turnaround, reorganization, divestiture or, if necessary, realization of company assets."
With three decades of experience, Tannenbaum is one of Canada's leading restructuring professionals and a trustee in bankruptcy. He provides leadership, effective strategies and resolutions in corporate reorganizations, business investigations, receivership assignments, bankruptcies, liquidations and shareholder disputes.
"The extensive range of specialty services Collins Barrow has in place is a clear indication of strong corporate leadership and innovation," says Tannenbaum. "It enables us to draw from in-house expertise, for example in valuations and transaction services, to enable development of tailored and multi-faceted solutions that will enhance value and minimize loss exposure."
Also a trustee in bankruptcy, Weisz has over 28 years of experience working with companies in diverse industries. He has led numerous assignments including receiverships, bankruptcies, formal restructurings and business investigations. Weisz has authored articles and presented on a variety of insolvency issues.
"First and foremost, Collins Barrow Toronto is unwavering in its dedication to the middle market," says Tannenbaum. "This was a factor that played heavily into our decision to join, as Danny [Weisz] and I are committed to providing client-focused service."
"I'm extremely proud to welcome Bryan [Tannenbaum] and Danny [Weisz] to the team," says Blum. "Service excellence and top talent have always been key priorities at Collins Barrow Toronto. We recognize the importance of bringing high-demand service lines under one roof so that we continue to earn our place as our clients' most trusted advisors."
Now open for business, the restructuring and recovery practice at Collins Barrow Toronto helps companies respond swiftly to economic challenges by taking a targeted approach with decisive action on improvements, simplification strategies or divestments.
This restructuring and recovery services expertise will be shared across Collins Barrow's national network of 22 member firms. As an independent member of Baker Tilly International, Collins Barrow also connects with over 130 countries around the world to share and exchange regional insights.
SOURCE Collins Barrow National Cooperative Incorporated
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