Michael J. Talarico is a Managing Director in the FTI Corporate Finance practice and is based in Pittsburgh. For the past 12 years, Mr. Talarico has provided financial advisory services to various parties in connection with distressed and underperforming companies. These parties include debtors, creditor committees and lenders. Services he has provided include business plan review and development; cost structure analysis; analysis of restructuring strategies; bankruptcy and contingency planning; short-term liquidity forecasting; liquidation analysis; business valuations; preference and fraudulent conveyance analyses and investigative accounting.
Mr. Talarico joined FTI Consulting in September 2002 and since that time has worked as financial advisor to Wheeling-Pittsburgh Steel and Tower Automotive in their Chapter 11 proceedings. Mr. Talarico has provided assistance to Wheeling-Pittsburgh Steel in analyzing strategic alternatives and developing a reorganization plan, which was approved by the bankruptcy court and allowed the company to exit from Chapter 11 in 2003. Mr. Talarico is currently assisting Tower Automotive in many aspects of their Chapter 11 reorganization, including facility optimization analyses, review and reconciliation of reclamation claims, analysis of executory contract and leases, and provision of general bankruptcy guidance.
Mr. Talarico’s industry experience has been focused on the metals and manufacturing industries. He has also consulted on several litigation matters in bankruptcy court concerning avoidance actions and “fresh-start” accounting.
Prior to joining FTI Consulting, Mr. Talarico worked for nine years at the Pittsburgh office of PricewaterhouseCoopers ("PwC") and its predecessor, Price Waterhouse, in their Business Recovery Services practice. While at PwC, Mr. Talarico served as financial advisor to various debtors, creditor committees and lenders in the metals and manufacturing industries. Representative clients include the official creditors’ committees of Gulf States Steel and Safelite Glass, the trustee of Pittsburgh Food & Beverage, Harnischfeger Industries, Acme Metals, Cincinnati Microwave, Sharon Steel, Brothers Gourmet Coffee and the Foundation for New Era Philanthropy. Earlier in his career, Mr. Talarico worked in the Audit and Assurance practice of Price Waterhouse.
Mr. Talarico holds a B.S. in accounting from Indiana University of Pennsylvania. He is a certified public accountant, a certified insolvency and restructuring advisor and a chartered financial analyst. Mr. Talarico is a member of the Pennsylvania Institute of Certified Public Accountants, the Association of Insolvency & Restructuring Advisors, the Chartered Financial Analyst Institute and the Turnaround Management Association, where he has served as treasurer of the Pittsburgh Chapter.
Mr. Talarico’s civic involvement has included service as a consultant to the transition committee of the Public Defender's and Solicitor's Office as well as being part of a commission to investigate the level of investment provided by the parent company of a downtown Pittsburgh department store.