Grant Thornton Expands Oil and Gas Restructuring Services

Chicago-based IPA 100 firm Grant Thornton LLP (FY19 net revenue of $1.95 billion) has hired managing directors John Baumgartner and Loretta Cross to expand its oil and gas restructuring services in Houston.

Baumgartner has nearly 20 years of experience providing restructuring and solvency-related services, specializing in financial restructuring, operational turnaround, energy consulting, litigation, valuation, forensic accounting and creditor representations. He has advised trustees and debtors in the energy field, including oil and gas, power and utilities, retail gas marketing, retail power marketing and midstream energy companies.

Cross has more than 40 years of strategic, operational and financial consulting experience. She has served as a business advisor in large energy bankruptcies and restructurings and has provided expert testimony on issues ranging from accounting practices to valuation issues.

“Loretta and John possess tremendous restructuring experience with deep roots in the oil and gas industry,” says Paul Melville, national managing principal of corporate finance and head of the restructuring practice. “Their extensive consulting acumen, along with the restructuring team under their leadership, will allow Grant Thornton to assist its oil and gas clients who are facing stress, distress and litigation – doing so at a time of great strain for oil and gas companies contending with the impact of COVID-19 and an increasing focus on alternative energy.”

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