A publicly traded mining and natural resources company held a net smelter royalty interest in a producing gold mine located in the western U.S. The mine owner/operator stopped making required royalty payments and disputed whether any royalties were owed. The mine owner/operator subsequently entered insolvency proceedings in Canada and related...
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As MCA Financial Group continues to expand its restructuring and advisory capabilities, the firm is pleased to welcome Spencer M. Ware as Senior Managing Director and head of the Turnaround and Restructuring practice. Spencer will also co-lead MCA's New York office along with Pat Fodale, strengthening the firm's presence in...
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An Assignment for the Benefit of Creditors (ABC) is a cost-effective and timely alternative to bankruptcy and state court receiverships, among others: a debtor-initiated, voluntary transfer of assets to an assignee serving as a fiduciary to help maximize value and achieve the best possible recovery for creditors and shareholders. Despite...
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MCA Financial Group is pleased to welcome Jeff Clasen, CPA, as a Senior Director. Jeff brings extensive experience in financial reporting, forensic accounting, litigation support, restructuring, valuation, and audit, strengthening the firm’s ability to assist clients facing complex financial and operational matters. Jeff joins MCA after more than six years...
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MCA Financial Group is pleased to announce that Steve Bertram, CPA, CFE, has joined the firm as a Senior Director, further strengthening MCA’s dispute advisory, forensic accounting, litigation support, valuation, and restructuring capabilities. Steve brings a strong technical foundation in financial analysis, damages, solvency, lost profits, market analysis, and financial...
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The buyer of what had been an $80 million nationwide e-commerce consumer products business was dealing with a dramatic decrease in sales over the first three years of ownership and wanted to shutter the business. With the company threatening to turn over the keys within weeks, the lender brought in...
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MCA Financial Group is pleased to announce the promotion of Paul Bullington from Senior Associate to Director. Paul has built a strong foundation in financial analysis, underwriting, loan structuring, portfolio management, and strategic problem-solving, supported by hands-on experience across multiple roles in commercial banking. ”Paul has shown the kind of...
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MCA Financial Group is pleased to announce the promotion of Ben Womac from Director to Managing Director. Based in Austin, Ben brings nearly a decade of experience in forensic accounting, business valuation, financial investigations, and economic damages analysis, helping clients and legal teams evaluate complex financial matters with confidence and...
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Following the acquisition of a multi-unit franchise operation of a national fast-food brand, the company was struggling to achieve the operating performance levels to fund its operations and perform on its debt obligations. The challenges included staffing shortages, rising costs, declining revenues, and underperforming locations – most of which were...
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As MCA Financial Group continues to expand its advisory capabilities, the firm is pleased to welcome Patrick “Pat” Fodale as Senior Managing Director and the Service Line Lead for the Office of the CFO. In this role, Pat will help companies address complex financial, operational, and organizational challenges during periods...
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