Doug  Flannery

Doug Flannery

Senior Director

With 20 years of experience working to stabilize companies during periods of change and uncertainty, Doug Flannery specializes in corporate turnaround, restructuring, performance improvement and strategy. Doug has extensive global experience and has successfully operated companies in numerous countries with diverse cultures and legal systems across a wide spectrum of industries. 

Doug has developed and executed strategies to drive companies through significant change. He can quickly analyze complex situations and triage into manageable projects to rapidly deliver value. Doug leverages his experience to identify root causes of under-performance and implement solutions. His hands-on approach and collaboration with management have consistently transferred these capabilities to clients to sustain results. Previously, Doug was a director for a series of turnaround and insolvency firms, both domestic and international, and a strategy consultant for a E&Y in Asia.

Representative Experience 
  • Interim CFO of a $130MM food and beverage distributor. Provided cash-flow management, long-term financial projections, and enhanced analytics.

  • Interim CEO of a $120MM coal services company. Stabilized operations during a successful orderly sale process.

  • CRO for a $525MM aluminum manufacturer and distributor. Reduced daily break-even from sales of 280 to 160 tons of product.

  • CRO for a $400MM South American nickel mine. Successfully transitioned mine to care & maintenance in a depressed market preparing for sale process.

  • Financial advisor for a $25MM multi-location medical services provider. Stabilized cash flow completed Chapter 11 reorganization with new equity capital.

Doug Flannery's Insights & Articles

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CR3 Partners Honored with Two Turnaround Atlas Awards at 2019 Global M&A Network Annual Gala
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CR3 Partners Honored with Two Turnaround Atlas Awards at 2019 Global M&A Network Annual Gala

CR3 Partners is pleased to announce that the firm was awarded two Turnaround Atlas Awards on May 20, 2019 at the Global M&A Network Annual Gala.

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CR3 Partners Advises NEOPS Alongside SSG Capital on Sale of Debt
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CR3 Partners Advises NEOPS Alongside SSG Capital on Sale of Debt

SSG Capital Advisors, LLC (SSG) acted as the investment banker to New England Orthotic & Prosthetic Systems, LLC and its affiliates in the sale of all of its outstanding senior debt to AHM Healthcare Strategies (AHM), an affiliate of Eschen Prosthetic and Orthotic Laboratories, Inc. (Eschen).

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Project Work

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Electronics Wholesaler & Retailer

Electronics Wholesaler & Retailer

The wholesaler and online retailer offered general hobby products to 1,500+ independent retailers and direct to consumers internationally. The financial strain came from multiple angles and CR3 was engaged as CRO to revitalize the restructuring.
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New England Orthotic & Prosthetic Systems

New England Orthotic & Prosthetic Systems

The client was a private equity-sponsored provider of durable medical equipment and related services. Faced with revenue declines and liquidity impairment, the company engaged CR3 Partners to perform an assessment of operations.
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