Atlanta-based Aprio (FY18 net revenue of $96.1 million) has launched a new service line to help businesses that are facing a loss of revenue due to the COVID-19 crisis.
The firm has hired Greg Rayburn to lead restructuring and turnaround services, which help businesses and lenders increase efficiency and create liquidity to cope with reduced cash flow.
“As we see the number of distressed bonds continue to increase to the highest levels since 2009, it’s now more important than ever that we provide our clients and other stakeholders with the services, advice and strategies they need to save jobs and stabilize their businesses,” says MP and CEO Richard Kopelman. “Greg is an experienced restructuring executive, and his joining the firm represents our commitment to providing clients the best resources to build a solid future.”
Rayburn brings to Aprio over 35 years of experience partnering with troubled businesses to create and maximize value for their stakeholders. During his career Rayburn has served as chief revenue officer, CEO or board member of high-profile companies that include Hostess brands, WorldCom (now Verizon Communications), Magna Entertainment Corp., A&P and Sunterra Corporation. In 2010, Rayburn founded a private restructuring advisory services firm, Kobi Partners.