Industry expert William Snyder and 16 partners from Deloitte CRG, Chrysalis, Winter Harbor and BDO have launched CR3 Partners, a national turnaround and performance improvement firm.
CR3 offers 40 experienced professionals based out of offices in New York; Boston; Charlotte, NC; Chicago; Dallas; Houston and Irvine, CA. The new firm includes the entire team of East Coast-based Chrysalis Management, led by founder Cynthia Romano.
In its first 90 days, CR3 Partners has already been engaged by more than a dozen clients in a variety of industries including light manufacturing, oil and gas, agriculture, building products, architecture and construction, restaurants, consumer products, apparel and nonprofits. The current client roster also includes six bankruptcies.
“I am delighted that the band is back together, so to speak,” Snyder said . “Since so many of us have worked well together in the past, the integration has been remarkably seamless, and we’ve been able to direct our attention immediately to client engagements. With leadership from the ‘Big 4’ and key boutiques alike, our new organization can be responsive to urgent situations and creative in our solutions without being hamstrung by complex regulatory structures and without costly overhead.”
All of CR3’s partners have significant track records in building firms, and many have already worked together at the predecessor practices at Corporate Revitalization Partners, CRG Partners, Chrysalis Management and Deloitte.
Snyder and several CR3 partners founded Corporate Revitalization Partners in 2001 and in 2007 merged with The Recovery Group (TRG) to form CRG Partners. In 2012, CRG Partners was acquired by Deloitte. The third iteration of the “CR brand” CR3, capitalizes on a unique opportunity to leverage this seasoned team of previous CR partners, turnaround professionals and interim managers in the development of new markets.