- Senior Managing Director
- Corporate Finance & Restructuring
- T: +1 832 667 5170
- F: +1 713 353 5459
- First City Tower
- 1001 Fannin Street, Suite 3950
- Houston, TX, 77002
- United States
- T: +1 800 349 9990
- F: +1 713 353 5459
- B.S., Finance, University of Connecticut
- M.B.A., Finance, McCombs School of Business, University of Texas
- Certified Treasury Professional
- Certified Insolvency and Restructuring Advisor (CIRA)
- Certified Turnaround Professional (CTP)
- Association for Financial Professionals (AFP)
- Association of Insolvency & Restructuring Advisors (AIRA)
- Turnaround Management Association (TMA)
- Corporate Finance
- Energy, Power & Products
Larry Manning is a Senior Managing Director at FTI Consulting and is based in Houston. He is a member of the Energy, Power & Products practice within the Corporate Finance & Restructuring segment. Mr. Manning has over 18 years of experience in financial consulting and advisory services. Mr. Manning has represented public and private companies, lenders and unsecured parties in industries including energy services, exploration and production (“E&P”), power, engineering and construction (“E&C”), chemicals, food and beverage, financial services, retail, manufacturing and mining.
Mr. Manning’s experience includes serving in interim finance roles, performing strategic assessments, developing business plans, leading multi-party negotiations, effectuating financings and re-financing, executing asset sales (in- and out-of-court), standing up carve-outs, leading contingency planning, preparing collateral assessments and developing and implementing performance improvement and cost savings initiatives.
Recently, Mr. Manning acted as financial advisor to Chicago Bridge & Iron, a publicly- traded E&C company with $7 billion in revenue and 26,000 employees. The long-term engagement included preparing a strategic assessment, developing a long-term business plan and cash flow forecast, Chapter 11 planning, negotiating amendments across the capital structure and implementing annual cost savings of $100 million, which resulted in closing a $6 billion combination with McDermott International.
Mr. Manning also recently led a business transformation engagement related to the optimization of a 6,000-piece yellow iron fleet for an over $1 billion mid-stream company. The findings addressed, quantified, and developed an implementation strategy for capturing a $20 million EBITDA opportunity.
Mr. Manning served as Global Treasurer of AgroFresh Solutions, Inc., a carve-out from Dow Chemical that went public through a special purpose acquisition company. Responsibilities included liaising with the sponsor and lenders, SEC and other compliance reporting, leading stock and warrant repurchase programs, establishing a 21-country cash management platform.
Additional engagements include Willbros, Breitburn, Pacific Drilling, Dune Energy, Endeavour Int., Energy XXI, Hostess Brands, Lineage Power, a North Sea E&P, a Columbian E&P, Milagro Oil & Gas, Puerto Rico Electric Power Authority, Gulf Coast Energy, Seegrid, TXCO Resources, Stanford Financial, Reichmann Petroleum, Entergy New Orleans and Washington Mutual.
Prior to joining FTI Consulting, Mr. Manning was with Greenwich Associates, where he specialized in advising corporate and investment banks on performance improvement initiatives, strategy formulation, pre-merger due diligence and post-merger integration.
Mr. Manning holds a B.S. in Finance from the University of Connecticut and an M.B.A. in Energy Finance from the McCombs School of Business at the University of Texas. He is currently on the Advisory Board of the University of Texas Master of Science in Finance Program and is a Certified Turnaround Professional, Certified Insolvency & Restructuring Advisor and a Certified Treasury Professional.