- Managing Director
- Corporate Finance & Restructuring
- T: +1 312 622 2932
- F: +1 312 759 8119
- 227 West Monroe Street
- Suite 900
- Chicago, IL, 60606
- United States
- T: +1 312 759 8100
- F: +1 312 759 8119
- B.S., Accounting, Northern Illinois University
- M.B.A., University of Chicago
- Certified Public Accountant (CPA)
- American Bankruptcy Institute (ABI)
- Turnaround Management Association (TMA)
- Restructuring / Turnaround Services
- Interim Management
- Performance Improvement
- Hospitality, Gaming & Leisure
- Retail & Consumer Products
- Healthcare & Life Sciences
- Energy, Power & Products
Don Harer is a Managing Director in the Turnaround & Restructuring practice and specializes in interim/crisis management and operational improvement. He has over 20 years of experience in restructurings, turnarounds and liquidity management initiatives; identifying and divesting of non-core assets; and preparing and supporting companies through bankruptcy proceedings. Mr. Harer’s industry experience includes wholesale and distribution; construction and engineering; homebuilding; hospitality; manufacturing and import; retail; healthcare; and oil field services.
Mr. Harer has testified in the Northern District of Illinois (Hollis) and Delaware District (Carey) bankruptcy courts on matters such as business sustainability, administrative insolvency, cash collateral and value diminution.
Mr. Harer’s interim/crisis management experience includes serving as interim Chief Financial Officer (“CFO”) and Chief Restructuring Officer (“CRO”) for Central Grocers, Inc. (“CGI”), a $1 billion grocery wholesale and distribution company; as CRO for Strack & Van Til, a $900 million grocery retail subsidiary of CGI; as interim Co-CFO of New Island Hospital, a 110 bed not-for-profit hospital; CRO and Project Management Officer Leader for Hart Schaffner Marx, a $300 million manufacturer and distributor of men’s apparel; and Controller and Treasurer for Global Power, a provider of power generation equipment and maintenance services.
As both a financial advisor to companies and lenders, Mr. Harer has worked to devise and implement loan exit strategies; negotiate loan amendments, waivers and forbearance agreements; develop and analyze complex financial and cash flow models; implement monitoring procedures; undertake enterprise and asset valuations and negotiate the sale of underperforming assets.
Mr. Harer’s recent lender mandates include ModSpace Corporation, a $475 million modular space company; Knight Energy Holdings, a $500 million oil and gas service company; Cal Dive International, a $500 million marine platform and pipeline installation, maintenance and salvage company; a $75 million physical therapy service provider; a $75 million online travel company; Rural Metro, Inc., a $400 million ambulatory service provider; and Global Geophysical Services, a $300 million seismic data acquisition and analysis service provider. In all of these cases, Mr. Harer advised the senior secured lenders through turnaround initiatives, amendments and waivers, liquidity crises, asset sale efforts and bankruptcy, where applicable.
Prior to joining FTI Consulting, Mr. Harer was a shareholder and Managing Director of Conway Mackenzie, where he specialized in providing crisis management and advisory services to distressed companies. He was also an Executive Director at Capstone Advisory Group, where he specialized in working with lenders of troubled company and bankruptcy situations. Mr. Harer is a U.S. Army veteran from the Signal and Artillery corps.
Mr. Harer holds a B.S. in accounting from Northern Illinois University and an M.B.A. with concentrations in corporate finance and strategic management from the University of Chicago. He is a Certified Public Accountant and a member of the American Bankruptcy Institute and Turnaround Management Association.