Bruce Erickson has 18 years of hands-on experience in asset disposition, workouts, restructuring and liquidation management, with a focus in wind-down management. He has led numerous engagements involving the stabilization and strategic sale of troubled companies and has experience in a broad range of industries, including:

Automotive Shipyard Capital equipment manufacturing Papermaking and converting Real estate Co-gen power production

Wholesale jewelry Metal extrusion and rolled forming Meat processing Textiles High technology

Mr. Erickson has provided crisis management, refinancing, balance sheet restructuring and valuation services to struggling companies both in and out of bankruptcy, assisting both creditors and debtors. Some noteworthy accomplishments include:

• In five years, sold 12 companies/business units as operating entities to nine different strategic buyers, including the turnaround and sale of an operating shipyard out of bankruptcy and the rehabilitation and subsequent sale of a 346-unit low income house project out of bankruptcy
• Assisted management of numerous financially distressed organizations in managing cash flow, vendor and customer relations, optimizing financial performance, and disposing of underperforming assets
• Managed orderly wind-downs and liquidations of numerous companies, including a textile manufacturer, a cheese manufacturer, a specialty chemical manufacturer, an auto parts distributor, a paper mill and converter, an internet service provider, and a computer equipment manufacturer, to name a few

Previously, Mr. Erickson served as vice president and team leader at Fleet Financial Group’s RECOLL Management subsidiary, where he managed the resolution of large diversified portfolios of distressed loans, including asset-based, project-finance, commercial and real estate loans. While at Fleet, he also served as vice president and portfolio manager of an asset-based loan portfolio, which included manufacturers, distributors and service providers.

Mr. Erickson graduated with a bachelor’s degree in economics and an MBA from the University of New Hampshire. He holds the Certified Turnaround Practitioner designation from the Turnaround Management Association.