David  Tiffany

David Tiffany

Partner

David Tiffany is a corporate finance and accounting professional offering over 20 years of leadership experience. David’s work has been instrumental in achieving significant cost reductions, revenue improvements, and profitability increases through complex restructurings, capital market transactions, crisis management, and day-to-day operations management initiatives. He is a problem solver who develops effective strategies for improving operations and increasing profits while ensuring compliance with regulatory requirements.

David has extensive experience in risk management, financial reporting, and turnaround management consulting. He has assisted companies with tasks such as cash management, securing of financing, assessing business plans, merger and acquisitions activities, and financial modeling in multiple industries.

David previously served as a Managing Director at the turnaround group GlassRatner as well as at Deloitte (Deloitte CRG) where he led engagement teams and managed daily client interactions and negotiations with stakeholders (lenders, vendors, and private equity firms). He is a member of Turnaround Management Association.

Representative Experience 
  • Interim CFO to a $100MM private equity owned designer and builder of self-storage facilities. Successfully managed the transition from retiring CFO to newly hired CFO and entire accounting and finance team while implementing several improved reporting metrics.
  • Chief Restructuring Officer of defense contract manufacturer during the bankruptcy process and ultimate 363 sale. Negotiated with customers and equity sponsors. Oversaw sale of assets.
  • Interim CFO to a $100MM specialty construction subcontractor who fabricates and install building enclosure systems. Successfully sold the assets to a new ownership group while preserving substantially all project activity, related trade debt and employment positions.
  • Chief Restructuring Advisor of a behavioral health operator for substance abuse recovery.  Managed operations and ultimate sale and wind down of the operations.
  • Financial advisor to a large multi-location fast casual restaurant chain.  Assisted the company and attorneys throughout the bankruptcy process, lease renegotiations, operational / footprint rationalization and ultimate plan of reorganization.

David Tiffany's Insights & Articles

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Restaurant Turnaround Strategies and Activities to Consider
Article

Restaurant Turnaround Strategies and Activities to Consider

Restructuring professionals wear many hats while executing a turnaround. They need to be skilled in finance, marketing, operations, human resources, and other areas. A strong turnaround professional is not only competent in these areas, but also knows when to leverage others.

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CROs Adapt to Limits on On-Site Presence
Article

CROs Adapt to Limits on On-Site Presence

Partner, David Tiffany walks us through how CROs adapt to limits on on-site presence in the most recent installment of the Turnaround Management Association's Journal of Corporate Renewal.

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Rent Relief Strategies
Article

Rent Relief Strategies

As companies continue to navigate the impacts of COVID-19, tenants are considering options for rent relief as liquidity and working capital have decreased. Tenants should be proactive and reach out to landlords and other creditors while considering options for rent relief.

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CR3 Partners Adds Two Partners
News

CR3 Partners Adds Two Partners

CR3 Partners is pleased to announce that Sean Cunningham has joined as a Partner of the firm and will be based in its New York office. David Tiffany has been elevated to Partner of the firm in the Los Angeles office.

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Project Work

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Compact Appliance Distributor

Compact Appliance Distributor

The company was a $50MM designer and seller of compact appliances including beverage and wine coolers, ice makers, and other products through e-commerce retailers and direct-to-consumer sales.
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Ruby Tuesday

Ruby Tuesday

The company was a $300MM private equity-owned casual dining restaurant that experienced sales declines due to industry trends and the COVID-19 pandemic, forcing the company to file for Chapter 11 bankruptcy to reorganize.
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Integrated Construction

Integrated Construction

The company is a $100MM designer, manufacturer, and installer of glass and metal enclosures for mid-rise and high-rise buildings with a strong sale backlog. Engineering, financial systems, and field management infrastructures were unable to keep pace with the growth.
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