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Areas of Expertise

  • Due Diligence
  • Solvency Opinions
  • Financial Advisor
  • Quality of Earnings
  • M&A
  • Bankruptcy Proceedings
  • CRO
  • Turnarounds/Restructurings
  • Borrower & Lender Advisory

Industries

  • Healthcare
  • Real Estate
  • Financial Institution
  • Hotel & Resorts
  • International

Prominent Cases

  • Appointed as Financial Advisor to Ch. 11 Trustee to Hutcheson Medical Center
  • Appointed by the VidSys Board of Directors as Interim CFO
  • Engaged as Financial Advisor to Trustee in Fairfield Residential
  • Advised Arcapita, Inc. on Multiple Resort/Hotel Restructurings
  • Advised Scholle IPN on the sale of their subsidiary Alchemix as Financial Advisor/Sell Side Advisor (M&A)
  • Advised Equity Investor on sale of TaxiCo as Financial Advisor/Sell Side Advisor (M&A)

Experience

  • 10 Years with GlassRatner
  • 13 Years of Relevant Experience

Education

  • Masters of Accountancy, University of Georgia
  • Bachelors of Science – Terry College of Business, University of Georgia

Professional Designations

  • CPA

Marshall Glade, CPA, began his business career with Grant Thornton, a public accounting firm.  His clients were in various industries such as oil and gas, convenience stores, rich media advertising, wireless security, and manufacturing.  As a senior accountant Marshall was involved with planning, implementation, and conclusion of both large and small public and private audits.  He also spent a significant amount of time in the Transaction Support Services division performing in due diligence assignments.

Since joining GlassRatner, Marshall has worked on many engagements including:

  • Hired as financial advisor to the Ch. 11 Trustee in the Hutcheson Medical Center matter in the Northern District of Georgia.  A major part of this role was to manage the billing and collections of over $90 million in accounts receivable for a hospital, medical practices and skilled nursing facility.  Management of this process included working closely with accounts receivable management companies and understanding the various methods used to resolve healthcare billing and collection issues;
  • Retained as financial advisor to the Unsecured Creditor Committee in the Pioneer Hospital bankruptcy. Pioneer is the owner of skilled nursing facilities, hospitals, and therapy service providers throughout the Southeast;
  • Hired as CEO/CRO of Campbellton-Graceville Hospital, a critical access hospital located in Florida. Responsibilities included development of strategies to increase revenues via improved payer mix, discussion with CMS regarding cost report requirements, and frequent updates to the Board of Directors;
  • Successfully sold a plumbing, heating and air conditioning, and lighting company on a sale to a multi-billion dollar conglomerate.
  • Successfully sold a specialty chemical company to a Brazilian entity on behalf of a global packaging company for 6 times EBITDA;
  • Engaged as Interim CFO for an international private equity backed Software Company located in Washington, DC.  Responsibilities included assistance in a reposition/refresh of the core product, development of cash flow projections, execution of cost cutting measures and negotiations with senior lender and major vendors to bring the company to break even, presentations to the Board of Directors, oversight of month-end close process, comparison of budgeted to actual results and development of ad-hoc analysis as requested by the Board of Directors;
  • Hired as financial advisor to the debtor in the Premier Exhibitions, Inc. bankruptcy case.  As part of engagement, sourced debtor in possession financing, developed cash flow projections and led negotiations with creditors committee and equity committee regarding a plan of reorganization.
  • Acted as financial advisor to the unsecured creditors in the Signal International bankruptcy case.  Signal is a ship building and oil rig repair company headquartered in Mobile, AL;
  • Served as Investment Banker and Advisor to 1,100 licensed taxi cab operator located in West Palm Beach, FL. Provided analytical support used in understanding the operators net operating cash flow, deigned and ran analytical models to establish valuation and presented the opportunity to a variety of investors known to have an interest in participating in the sale of the company.  These activities ultimately resulted in a successful sale of the assets;  
  • Aided and advised the debt and equity restructuring of a real estate private equity firm’s land developments in both Italy and the US Virgin Islands – totaling over $200 Million in debt and equity;
  • Financial advisor to an Unsecured Creditor’s Committee and subsequent Liquidating Trust for a multifamily developer with over $6 Billion in debt and 200 properties; 
  • Engaged by multiple lenders and equity investors to perform financial and accounting due diligence procedures.  Ultimately providing a written report and quality of earning analysis.
  • Involved in the debt workout of over 15 real estate developers/builders and approximately $2 Billion of debt.  The builder’s outstanding debt balances range from $25 Million to $650 Million and include single-family, multi-family, condos, commercial and land development;
  • Advised and assisted a $2 Billion bank in the comprehensive review, impairment analysis and development of workout strategies for their commercial real estate portfolio totaling over $700 Million;
  • Performed multiple loan reviews and valuations on behalf of a major SE bank in order to advise on the potential purchase price of a loss-share acquisition;
  • Acted as financial advisor to the trustee of the ownership interest in a 251-key hotel.  In this role, aided in oversight of operations, marketing and ultimate sale of the underlying asset;
  • Hired by a regional bank to act as a disbursing agent for a major condo development in the Southeast;
  • Aided in a forensic accounting assignment for a major not for profit;
  • Financial advisor to the trustee for an electrical contracting company in Florida;
  • Involved with the Chapter 11 bankruptcy filings for a major multi-family operator in the SE with over $500 Million of total debt

In 2017, Marshall received the Commercial Finance Association's (CFA) 40 Under 40 Award for his exemplary work in the Bankruptcy/Restructuring realm. Marshall graduated from the University of Georgia with a Bachelors of Business Administration in Accounting and a Masters of Accountancy.  He is a Certified Public Accountant licensed in the State of Georgia. 

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