Byron Clark’s experience spans all aspects of the restructuring communities. He has held senior management positions with major retail firms and consumer products companies. Byron has been engaged by manufacturers, distributors, retailers, lenders and other interested parties in a variety of distressed and on-going business situations.
Byron offers expertise in all areas of restructuring, including reorganization planning, workouts, wind-downs, insolvency and liquidation analysis, inventory valuation, direct planning and management of asset recovery and strategic sales, as well as other operations and support functions.
Byron founded ARG in 1994. Having been a retailer and worked in consumer product companies first, he has strong sales and marketing slills as well and the operational experience needed when it comes to the restructuring of a company and valuing assets. He is dedicated to putting cost-effective programs together that help companies manage change.
Byron, as part of ARG, has been the CRO of distressed companies and has been involved in many distressed situations throughout United States. His expertise in consumer products includes but is not limited to home furnishings, clothing, flooring, sporting goods, fine jewellery, electronics, appliances, lumber, sea food and more.. As a consultant Byron has assisted debtors, lenders, and credit committees in putting together and implementing plans of reorganization, refinancing of debt and exit strategies that maximize the position of all stake holders.
Byron attended Louisiana State University and was a Vice President of the Dallas Chapter of the Turnaround Management Association and is a member of the ACG, ABI, CFA and AIRA. He is a speaker and has been on educational panels nationally and regionally discussing all aspects of restructuring.
Bob Morris is one of the principals ARG Recovery, leads the ARG Appraisal Group and as such has responsibility for overseeing final product output and conclusions of all inventory evaluations of ARG as well as working in all areas of the firm.
His experience has encompassed ownership and management in all areas in consulting in retailing, manufacturing, distribution and finance. Bob was raised in the retail business and built an M&A firm that specialized in transactions between consumer product companies and performing Business Enterprise Valuations in conjunction with the M&A activity and for litigation support and tax purposes. He started and operated free standing liquidation divisions of existing companies and successfully liquidated hundreds of businesses over the past 20 years from single to multiple operating units and consulted on the breakup of businesses generating as much as half a billion dollars in revenue annually.
Bob’s focus as the Principal of the Appraisal Group at ARG has led to many speaking engagements on a national basis as well as offering guidance on value decisions to major Private Equity Groups.
He has an Bachelor’s Degree from Howard Payne University with concentrations in economics and finance and has taken many hours of additional studies in finance and lending. Bob is a member of the Association of Insolvency and Restructuring Advisors and is certified holding the CIRA designation. He has been board certified by the International and Texas Associations of Business Broker and is been a member of the Institute of Business Appraisers and a candidate member of the American Society of Appraisers. He has worked with state and national retail associations in presentations on both going concern and liquidation values. He has served on the board of the Texas Retailers Association and has written numerous monographs on business appraisal practices and theory.
Due to the nature of the businesses with which he has dealt, he has served in virtually all of the senior executive positions in business including executive, finance, operations, purchasing, sales, marketing and promotion. It is this rounded viewpoint that he brings to the business realizing that it takes the universal perspective to adequately insure that all decisions are realistic and achievable.
Chris Welsh is the Managing Partner of ARG Restructuring. Chris’ responsibilities include turnaround management, restructuring services, strategic cash flow, liquidation strategies, and financing/debt placement services. Chris is also responsible for viability analysis projects whether it be for cash distressed or cash flow feasibility.
Chris’ areas of expertise include manufacturing, financial services, oil and gas, retail, and distribution/transportation industries. His specialty is developing strategic cash flow plans that specifically align borrower and lender interests in order to maximize all stake holder values. Examples of this expertise include asset securitization evaluations based on static pool analysis, working capital conversion, collateral dilution, liquidation, sales channel, and four wall analyses.
Prior to joining ARG, Chris operated DBR Consultancy, which provided recovery and examination services. Chris is a twenty year veteran of commercial and asset based lending. He worked for Bank One in Ohio, and in Texas, The CIT Group, Sterling Bank, PCB, and Regions Financial. Chris is also active in the Commercial Finance Association, and currently serves as president of the Southwest Region. Mr. Welsh received his BS in Finance from the Fisher College of Business at The Ohio State University.
Laura began her career in the financial services industry working for a large multinational firm, preparing financial statements and regulatory reporting, She then moved into budgeting, analysis, and financial management. As the controller for a large Dallas law firm for a number of years, she coordinated and oversaw all financial aspects of the firm. Areas of responsibility have included financial reporting and analysis, financial modeling and forecasting, profitability analysis, accounting management and controls, cash management and banking relations, financial management system evaluations and conversions, and tax reporting.
Laura brings the CPA “critique” to all products of ARG and is in charge of quality control and scheduling of valuation exercises as well as serving as the primary report editor for financial analysis.
Laura earned her BBA from Southern Methodist University and is a Texas CPA. As Operations Manager for ARG, she consults on financial accounting matters, runs operations of the Company and is involved in substantially all aspects of the day-to-day operations and projects at ARG.