Meet Our Team Dennis Bobker
Meet Our Team

Dennis Bobker, CTP

Senior Advisor
Years with Phoenix: 17
Years of Turnaround Experience: 17

Dennis Bobker is a Senior Advisor at Phoenix with more than 38 years of experience in operations and finance of both domestic and international organizations. His particular expertise includes asset preservation, working capital management, and acquisition and divestiture strategies. He is an established, operationally biased executive with the ability to formulate, implement, and direct the management of public, equity-sponsored, private, and family-held companies.

He has experience in companies reorganizing under Chapter 11 protection of the U.S. Bankruptcy Code, as well as situations involving workouts of the court system. He is proficient with transactions involving Section §363 of the Bankruptcy Code in which debtor companies transfer their assets to a buyer with speed, efficiency, and the approval of the Bankruptcy Court.

Dennis has been successful in integrating all of the various constituencies that are involved in the turnaround process. These include the debtor, secured creditors, unsecured creditors, equity sponsors, trade vendors, senior management, mid-level management, and staff. It is this involvement with all aspects and perspectives in the corporate renewal process that has enabled him to uncover the operational impediments that need to be removed or modified in order to facilitate the recovery.

PHOENIX MANAGEMENT SERVICES ® EXPERIENCE

  • Turnaround Management
  • Crisis Management
  • Interim Management
  • Operational Assessments
  • Financial Forecasting
  • Cash Management
  • Strategic Advisory
  • Bankruptcy Advisory
  • Liquidation & Business Wind Down

SELECTED ADVISORY ASSIGNMENTS

  • Served as CRO for an $80 million importer/distributor of housewares products, revised the company’s entire logistics program including transitioning to a third party logistics provider, and revamped the entire network of air, sea, and over-land traffic.
  • Served as financial advisor to a $120 million industrial distributor in order to lower operating costs and improve shareholder ROI. As part of the engagement, Dennis analyzed and then transitioned the company’s logistics from their own internal transportation system over to common carriers’ method at significant savings.
  • Served in an interim management role as a Chief Operating Officer of a manufacturer of high-tech, advanced electrical systems. He managed the company through its transition. Today, the company operates as a successful business unit of a European-based electrical manufacturer.
  • Worked on behalf of secured creditors in situations involving the financial distress of their clients, including an agricultural industry products manufacturer. His responsibilities included the preservation of company’s assets in order to maximize the recovery for the lending institution. The completion of a Private Asset Sale successfully recovered the bank’s position.
  • Served as a financial advisor to a Mid-Western Oil Refiner, Service Station, and C-Store Operator. Implemented various initiatives that improved both cash flow and profitability through an aggressive production management program.

INDUSTRY EXPERIENCE

  • Agricultural Products
  • Aircraft & Parts
  • Chemicals
  • Consumer Products
  • Convenience Stores
  • Electrical Products
  • Food & Beverage
  • Health Clubs
  • Leasing • Machinery
  • Medical Products
  • Metal Products
  • Oil, Petroleum & C-Stores
  • Packaging Materials
  • Personal Care Products
  • Technology

CAPITAL ADVISORY EXPERIENCE

  • Recapitalization
  • Refinancing
  • Management of §363 Sales Process
  • Out-of-court Bankruptcy Auctions
  • Divestitures
  • Select Buy-side Engagements

SELECTED CAPITAL ADVISORY TRANSACTIONS

Dennis served as financial advisor for the following transactions:

  • Transitioning a large international, high-tech products distributor to a market leader through Section §363 of the Bankruptcy Code.
  • Assisting a secured lender in the sale of assets of an electrical products manufacturer to a leading European manufacturer of like products wishing to establish a presence in the United States.
  • Aiding a secured lender in the sale of assets of an agricultural products manufacturer. Project involved development of targets, splitting of the company into two separate units, and negotiating the sale to two different entities.

PRIOR EXPERIENCE

Prior to joining Phoenix, Dennis worked extensively in international markets throughout the world. Through these involvements, he negotiated, implemented, and managed the development of a European Distribution Centre for a large distributor of aerospace products that was in transition. The operation was created to facilitate supply chain logistics for a number of Europe’s leading air carriers. In addition, Dennis was CEO of a large industrial, specialty distributor whose primary product lines were technology components such as electrical drive systems, precision gearing, and power transmission systems. In this capacity, he was also responsible for quality systems management with the creation of an ISO9002 Registration program to encompass the operating structure. The engagement ended successfully with the divestiture of the business unit to a market leader within the industry.

EDUCATION / AFFILIATIONS

Dennis is a graduate of the University of Bridgeport in Connecticut with degrees in Finance and Marketing. He is an active member of the Turnaround Management Association in both New York and New Jersey. He is also affiliated with both the Commercial Finance Association and Association for Corporate Growth in New York and New Jersey.

Dennis is a Certified Turnaround Professional (CTP).

 

dennis bobker

Contact Information

Office Location: New York, NY
 

Office: (646) 490-5061

Mobile: (201) 665-6416


Email:
dbobker@phoenixmanagement.com

vCard: Dennis Bobker.vcf