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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Tim Skillman is a highly experienced and successful senior executive with valuable management, consulting, and finance expertise. He has 20 years of experience advising public and private companies in change management, strategy development and plan execution. Tim’s demonstrated leadership in accountability, capital structure and financial analysis is highlighted through his commitment to developing and executing profitable growth strategy for his clients.
He is active in the restructuring community having served as a past officer and member of the Board of Directors for the Association of Certified Turnaround Professionals. In addition to being committed to his clients, Tim is committed to his community having served numerous boards including Goodwill of Southern LA County, Minority Business Development Agency of the City of Los Angeles, Barbara Ann Karmanos Cancer Institute, and Michigan Environmental Trust, Ltd.
Representative Experience
- Interim COO of a $30MM Oil & Gas exploration production company completing a turnaround in Chapter 11 bankruptcy.
- President & CEO of private cloud design, engineering, and managed services. Managed all aspects of finance, operations, and service delivery.
- CRO of kitchen appliance company. Managed through a restructuring and sale of the company to a private equity firm.
- CRO of mortgage servicing company based in Pune, India. Implemented structure and oversight to prepare the company for IPO.
- Advisor to $100MM white-label nutritional supplements company. Bridged stabilization of operations, rebalanced inventory, and negotiated trade support for recapitalization.
Tim Skillman's Insights & Articles
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News
CR3 Partners Adds New Partner to Los Angeles Office
CR3 Partners is excited to announce that Winston Mar has joined as a Partner of the firm in our Los Angeles office.
News
CR3 Partners Honored with M&A Advisor Award
CR3 Partners announced that the firm received the Award for "Restructuring of the Year ($10MM to $50MM)" by M&A Advisor in the "Chapter 11 Reorganization Award" category.
Article
The California Energy Industry: Extinction, Restructuring, or Rebirth?
Tim Skillman, a Partner in CR3's Los Angeles office, investigates the future of the California energy industry. Is it doomed to extinction, or can something be done to mitigate its current downward trend?
Article
How Much Capital Do Companies Need for Post-COVID Recovery, and Who Will Provide It?
CR3 Partners' clients and referral sources agree that additional capital will be needed to return operations to the "new normal" after COVID-19. But how much capital will they need, where will it be deployed, and who will provide it?
Video
CR3 Conversations: Oil & Gas During COVID-19
Timothy Skillman, a Partner in our Los Angeles office, talks about the difficulties the Oil & Gas industry is facing during COVID-19 and gives some advice on how to survive in this current climate.
News
CR3 Partners Opens Los Angeles Office and Adds New Partner
CR3 Partners is delighted to announce that Tim Skillman has joined as a Partner of the firm and will be heading the new CR3 Partners Los Angeles office.
Project Work
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Vertically Integrated Cannabis Grower
The company was a vertically integrated cannabis grower, processor, marketer, and retailer who engaged CR3 Partners to assess the company's business and performance improvement plan.
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Heavy Oil Producer
The company is a $24MM exploration and extraction company that produces heavy oil. The company filed for bankruptcy to avoid foreclosure by lenders, who petitioned for the appointment of a Chapter 11 Trustee.
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