B. Riley Financial expanded its restructuring division with the addition of three new senior executives, as John Sordillo, Jeffrey Truitt and Tim Hannon joined B. Riley Advisory Services, bringing decades of experience and expertise in complex financial management and restructuring advisory.
“We continue to enhance our business restructuring services with some of the best talent available in the market as demand for our middle-market advisory services continues to grow,” Ian Ratner, co-CEO of B. Riley Advisory Services, said. “Corporates, private equity firms, portfolio companies and lenders each have their own unique challenges, and we believe B. Riley has assembled a best-in-class team to help guide our clients through their most mission critical initiatives in the year ahead and beyond. We are thrilled to welcome John, Jeffrey and Tim to our growing team.”
Based in New York, Sordillo joined as a senior managing director and has more than 30 years of accounting, finance, turnaround and restructuring experience, including as interim officer and chief restructuring officer in distressed situations and as a principal investor in turnaround situations. He serves as an advisor to companies, lenders, PE funds and other institutional investors in restructuring, corporate finance and litigation situations across a variety of industries, including real estate, oil and gas, energy, manufacturing, telecommunications, gaming, healthcare and retail. Prior to B. Riley, he served in several senior restructuring advisory roles with multiple firms, including Broadview Business Advisors, CBIZ, Loughlin Management Partners, Deloitte, Ernst & Young and AlixPartners.
Truitt joined as a senior managing director and will lead the firm’s restructuring practice in Los Angeles. He has more than 30 years of experience as a restructuring and turnaround professional, serving as a trusted advisor to companies, secured creditors, ad hoc bondholder groups, official committees and other interested parties in connection with out-of-court financial restructurings, operational turnarounds and/or Chapter 11 reorganizations. Truitt has held various interim C-level management positions, including as CEO, CFO and CRO, and has served as court-appointed examiner in Chapter 11 cases.
Prior to joining B. Riley, Truitt was a senior managing director at FTI Consulting and previously held various senior positions in the corporate restructuring practices of XRoads Solutions Group, Mesirow Financial Consulting, KPMG and Arthur Andersen. He holds several professional designations, including CTP, CIRA and CDBV.
Hannon joined as a managing director in Atlanta and hasmore than 30 years of experience in executive financial management and financial advisory services. He has served as CFO and corporate controller for companies ranging in size from $50 million to $1 billion. Most recently, Hannon was CFO for a $900 million fresh food CPG company. He began his career with Arthur Andersen in New York and has worked in the turnaround and transaction advisory practices at Zolfo Cooper and KPMG. He is a CPA in New York and has CMA and CIRA designations.
