366. Kyle Sturgeon on turnarounds, bankruptcy, and restructuring

Kyle Sturgeon, an alum of Alvarez & Marsal and McKinsey, is a Managing Partner and Co-Founder of MERU.    He has led complex transformations and restructurings for companies across industries, with a focus in retail and consumer, healthcare, and materials.  Today we discuss what’s involved with guiding a company through bankruptcy or restructuring. To find out more about Kyle’s company visit: wearemeru.com. Key points include: 00:58: The birth of Meru 04:32: Shutting down a $200,000 company 10:22: How to sell off inventory 17:06: How Kyle’s business model works 21:34: A restructuring project 22:47: The Tough Mudder case study 31:52: Orientation towards cash 41:30: The growth of Meru Unleashed is produced by Umbrex, which has a mission of connecting independent management consultants with one another, creating opportunities for members to meet, build relationships, and share lessons learned. Learn more at: www.umbrex.com