News
Keith M. Northern to Lead Qorval Lender Services - Northeast
September 8, 2011
Former workout/special assets officer and turnaround consultant Keith M. Northern has joined Qorval as a Managing Director.
Operating out of Philadelphia, he will provide turnaround services to lenders and debtors in
Qorval's new Lender Services Practice. Keith along with our team of professionals will offer assistance in restructuring, refinancing, problem assessment and resolution as well as receivership and liquidating trustee oversight.
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Bill McBride joins Qorval's Advisory Board
August 1, 2011
Founding & Managing Partner Jim Malone said, "Bill will be taking an active role in Qorval's practice. With his depth of experience in corporate counseling and strategic planning, as well as mergers and acquisitions, and corporate finance and banking, we will call upon his expertise on a regular basis."
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Qorval Opens Tampa Office
Creditor Recovery Services Joins Practice
February 23, 2011
We are pleased to announce that former Bridge Associates CRS experts, Mark Stickel, Michael Newsom and Paul Keipper have joined Qorval. They, along with Qorval Director, Mark Karrenbauer, will operate out of the new Tampa office, and provide the following primary services: all elements of post-confirmation trusts emerging from Chapter 11 debtors, liquidations for the benefit of creditors in out-of-court proceedings, and assignments for Creditors' Committees prior to the confirmation of debtors, and plans for reorganization.
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Carl Young named Chairman of Advisory Board
January 13, 2011
An experienced and versatile corporate renewal and creditor recovery services executive, Carl Young, has been named Chairman of Qorval LLC's Advisory Board.
Mr. Young has more than 20 years of experience in managing business turnarounds in industries ranging from high tech to garment, and energy to filtration products. Most recently, he served as Chairman and CEO of Bridge, LLC, a turnaround and restructuring firm.
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Qorval Advisory Board member and political ad guru featured in Time Magazine
October 12, 2010
Fred N. Davis III, a founding member of Qorval's Advisory Board, is the subject of a major feature story in a recent issue of Time Magazine. The article (see link below) by Michael Scherer - The GOP's Hottest Mad Man - is a four-page profile and analysis of Davis's status as "the go-to Republican adman."
Qorval's founding Managing Partner, James R. Malone, merits a "mention" in the article; his picture (second from left, middle row) is behind the five-column photo of Davis and opens the published article as well as tops the website version.
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Qorval Announces Two Senior Level Appointments
September 20, 2010
Naples, FL- Qorval, a business advisory firm that provides financial restructuring and management services across a broad array of industries, has today named two new directors according to James R. Malone, the firm's founding managing partner.
Joining the company's advisory corps are Michael T. Cantwell and John M. (Jack) Ryan.
A seasoned financial executive with more than three decades of experience, Michael T. Cantwell has been directly involved in more than $5 billion worth of financing/refinancing transactions ranging in size from $1 million to $425 million. His chief financial officer and principal leadership positions are in sectors ranging from consumer products to high tech telecommunications.
Cantwell began his business career with Chrysler Corporation and he has served in significant management positions with a variety of companies including the Bendix Corporation, Exide Battery, Outboard Marine, and the Interlochen Group.
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Qorval Restructures Franchise Network
April 20, 2010
A franchise operation with ambitious ideas for growth and a track record to match would appear to be an unlikely candidate for Qorval's services. But despite favorable publicity in magazines such as Fortune and Entrepreneur, this particular Company was spending money at a rate that concerned its major investors due to slower revenue growth in this economic environment as well as significant monthly cash burn.
Qorval's Director John Pryor, whose extensive background includes CEO management experience combined with franchise management operations experience, identified over $6 million in cost savings during a five-month engagement. As a result of Qorval's leadership, findings and recommendations, the Company's founder will return as CEO to implement Qorval's revitalization plan.
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James R. Malone Announces Successful Closing of $2.4B Bond Sale
April 8, 2010
Citizens Property Insurance Corporation - the largest writer of property insurance in Florida with just over one million policies and the third largest underwriter of property insurance in the nation - has closed on a $2.4B bond sale, enabling the State of Florida to enter the 2010 hurricane season in the strongest shape and firmest financial footing in its history. Qorval's James R. Malone, Chairman of the Board of Citizens said, "This is truly a great day for all Floridians. The success of Citizens Property Insurance Corporation in closing this bond sale is indicative that capital markets are coming back, and of Citizens' ability to access capital at extremely favorable rates. Particularly for the average Floridian, this is a tremendous achievement."
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Qorval Restructures ADS Logistics
February 1, 2010
ADS Logistics, a leading service provider of logistics solutions to the metals industry, has successfully emerged from bankruptcy through a pre-packaged sale transaction to its lenders. Qorval Managing Partner Tim May led efforts to close the transaction in less than 60 days after ADS filed for bankruptcy protection. The restructuring process has allowed ADS to shed unprofitable locations and right-size the business for future growth. May, who served as the Chief Restructuring Officer, interim Chief Executive Officer and Chief Operating Officer for ADS throughout the restructuring process said, "The historic downturn in the automotive industry presented a broad set of challenges for the ADS business model. We were excited to provide the support that allowed ADS to restructure its business and create a foundation for future growth and prosperity. The speed and efficiency of the turnaround is a true testament to the ADS employees and its advisors."