Kevin A. Krakora joined Getzler Henrich as managing director. He will be based in Chicago.

“We are excited, confident that Kevin, along with his peers at Getzler Henrich, will continue to offer to large and middle-market companies and their stakeholders the benefit of deep restructuring experience and effective guidance through challenging situations and professionalism,” commented William H. Henrich, co-chairman of the firm.

“Kevin brings over 25 years of experience in corporate turnarounds, strategic consulting, financial and operational restructurings, and debtor bankruptcy situations,” added Co-Chairman Joel Getzler.

Krakora specializes in advising and working with under-performing companies to develop and implement business transformation strategies, operational/financial improvements and turnaround plans, and has worked with financially distressed companies to address liquidity issues, improve working capital, develop cost containment programs, implement process improvements and improve profitability.

He has extensive experience advising both companies and senior lenders in complex debt restructurings, financings and workouts. He has led numerous §363 sales processes in Chapter 11 cases as well as business and assets sales in out-of-court situations. He has advised firms on restructurings, recapitalization and divestitures in various industries, including the aerospace/airline, automotive, consumer products, healthcare, manufacturing, oil & gas, printing and telecommunications, among others.

Krakora has also served as an advisor to the Official Committee of Unsecured Creditors in several high profile bankruptcies, including American Airlines, North American Petroleum Corporation USA, Pappas Telecasting Companies and United Airlines.

Krakora currently serves as chairman of TMA Global and is a frequent speaker on restructurings and distressed M&A.

Founded in 1968, Getzler Henrich & Associates is one of the nation’s oldest firms focused on middle market corporate turnaround and restructuring. It has successfully restructured over a thousand companies in dozens of industries around the world and has been cited fifteen times as one of the country’s top ten firms by Beard publication Turnaround and Workouts.