- Senior Managing Director, Vice Chairman of Restructuring
- Corporate Finance & Restructuring
- T: +1 312 252 9333
- 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.B.A., Niagara University
- M.B.A., University of Notre Dame
- Certified Insolvency and Restructuring Advisor (CIRA)
- Certified Turnaround Professional (CTP)
- American Bankruptcy Institute (ABI)
- Association for Corporate Growth (ACG)
- Leadership Greater Chicago, Fellow
- National Association of Corporate Directors (NACD)
- Turnaround Management Association (TMA), Global Board of Trustees
- Corporate Finance
- Creditor Rights, Relations & Negotiations
- Mergers & Acquisitions Advisory
- Restructuring / Turnaround Services
- Transaction Advisory
- Retail & Consumer Products
- Hospitality, Gaming & Leisure
- Real Estate
Michael Buenzow is a Senior Managing Director, the Vice Chairman of Restructuring and Company-Side Practice Leader of the Turnaround & Restructuring practice. Mr. Buenzow has more than 20 years of experience serving as a financial advisor to corporations, creditors, equity owners and directors of underperforming companies, as well as extensive international and public company experience. He has industry expertise in many areas, including retail, consumer and industrial products, steel, automotive, construction, apparel, entertainment and leisure, transportation, real estate and distribution.
Mr. Buenzow has extensive operational turnaround experience and has a strong background in manufacturing, retail, consumer products, sourcing; brand management; labor relations working capital management and product licensing agreements. He also has extensive interim management and operational experience. He has served as interim chief executive officer for various clients, including WCI Steel, a $900 million integrated steel producer; Bush Industries, a $350 million furniture manufacturer; Huffy Bicycle Corporation, the largest bicycle company in the United States; ColorWorks, a parts supplier to Toyota and Lexus; and Tommy Armour Golf Company.
Mr. Buenzow has extensive restructuring and business reorganization experience. Engagements are often very complex and challenging cases that are hotly contested by multiple creditor classes. Recent engagements include serving as restructuring advisor to Dynegy Holdings, which was one of the largest Chapter 11 cases in recent history. In addition, he has served as chief restructuring officer for numerous clients, including New Stream Capital, a $900 million hedge fund; Hartmarx Corporation; Hickey Freeman; Wickes Furniture and Heating Oil Partners. Other engagements include WCI Communities, Cadence Automotive, Bridge Information Systems, Kmart, GDX Automotive, Petters Worldwide, Federal-Mogul, Weirton Steel, Durango Georgia Paper, WCI Steel, Dade Behring, Borden, Raytheon, Grand Union Supermarkets, Jitney Jungle Supermarkets, Footstar, Foot Locker and Trans World Airlines. Restructuring assignments often include active participation by some of the largest and most significant players in the distress industry.
Mr. Buenzow’s reorganization experience includes negotiation of out-of-court restructuring plans, bankruptcy planning, debtor-in-possession financing, cash flow forecasting, cash management, business plan development, identification and implementation of significant cost reductions, section 363 asset sales, business valuation, negotiation of labor agreements, claims management, preparation and negotiation of plan of reorganization and disclosure statements, and testimony in bankruptcy court.
Prior to joining FTI Consulting, Mr. Buenzow was a Partner in the Business Recovery Services practice of PricewaterhouseCoopers.
Mr. Buenzow holds a B.B.A. from Niagara University, an M.B.A. from the University of Notre Dame, and has completed Executive Leadership Training at the University of Virginia’s Darden School of Business. He is a Certified Insolvency Restructuring Advisor and a Certified Turnaround Professional. Mr. Buenzow is a Fellow of Leadership Greater Chicago and a member of the American Bankruptcy Institute, the Association for Corporate Growth, the Association of Insolvency & Restructuring Advisors, the National Association of Corporate Directors and the Turnaround Management Association. Mr. Buenzow also has served on the boards of directors of Huffy Bicycle and HOP Energy.