Nathaniel Curtis, MBA
Senior Managing Director
Nathaniel Curtis (Nate) has spent his career working with organizations in crisis. As an interim restructuring manager, Nate helps organizations navigate the difficult and unique issues that arise in bankruptcy such as financial reporting, human capital retention, crafting restructuring plans, negotiating plan consensus, and ensuring plans are executed. Nate applies his experience and knowledge of business analytics by managing distressed organizations as a restructuring officer. Working with other restructuring officers, trustees and court-appointed receivers, Nate acts as interim management to assist stakeholders to recover from bankruptcy or similar crises. He is also more than just a consultant, Nate has also started, operated and sold his own retail business in Arizona. Nate is a qualified and experienced expert in the following fields:
CHAPTER 11 TRUSTEE SUPPORT
Nate works with Chapter 11 Trustees to manage the daily operations of a businesses, secure assets, craft restructuring plans, negotiate with stakeholders and implement restructuring plans approved by the bankruptcy court. The following cases are representative of Nate’s Chapter 11 experience:
Enron Inc.: Nate began his career consulting for the Chapter 11 Trustee in the Enron bankruptcy. In this role Nate performed forensic accounting, solvency analysis, and fraud investigations under the direction of Ernst & Young’s forensic accounting practice leaders.
Frontier Star/MIH Consolidated Bankruptcy: Nate was the Chapter 11 Trustee’s operations manager in the Frontier Star/MIH consolidated bankruptcy. Supporting Trustee, Gregg Curry, Nate oversaw the day-to-day management of 150 Carl’s Jr. and Hardees restaurants spread across seven states and employing approximately 3,000 employees. In this role, Nate oversaw the recreation and revision of the Debtor’s accounting and financial statements as well as documenting and analyzing approximately 200 leases and contracts which enabled the Trustee to determine the appropriate treatment and negotiation of these agreements in the restructuring plan.
RESTRUCTURING & RECEIVERSHIPS
As an agent of creditors, equity holders or court-appointed receivers, Mr. Curtis manages organizations in many different industries experiencing difficult conditions such as insolvency, fraud allegations, natural disasters, regulatory changes, contractual defaults/breaches, and ownership disputes. The following cases are representative of Nate’s receivership and restructuring experience.
Colorado City Unified School District: Nate was the operations manager supporting the first public school receivership in the United States. In this role Nate was the day-to-day manager of a rural school district located in an isolated polygamous community located on the border of Arizona and Utah. Nate spent approximately six months living in Colorado City to ensure that the school district’s assets were- secure and to act as the interim district superintendent responsible for the education, safety, and environmental stability of approximately. In addition, Nate investigated allegations of theft, fraud, and misuse of school assets. As a result of Nate’s work the appointed receiver, Peter Davis, crafted a restructuring plan that ultimately repaid millions of dollars of taxpayer funds that were misappropriated by the district’s prior management.
Dirt 101 LLC: As an agent of the court-appointed receiver, Nate monitored the day-to-day operations of an inorganic land fill business located in Glendale, Arizona. The landfill had operated primarily as a cash business with no centralized accounting system for more than fifteen years prior to Nate’s involvement. Using bank statements, Maricopa County construction activity records, and historical photographs Nate persuaded the parties that there was likely some form of shrinkage that was disrupting revenue. Additional investigation identified an employee embezzling thousands of dollars each week.
ECONOMIC FORECASTING & BUSINESS VALUATION
Nate conducts business valuations and economic forecasts for small and midsize businesses experiencing difficult conditions that may impact the value of the business. The following examples are representative of Nate’s economic forecasting and business valuation experience:
Wholesale Energy Forensic Solvency Analysis: Nate managed the solvency analysis for an energy company facing a potential liability from a joint venture project that was large enough to make the company insolvent. The valuation required multiple solvency scenario valuation models that considered fluctuations in energy prices, production costs, and regulatory conditions. The valuation model became the cornerstone of the negotiation between the parties who ultimately avoided litigation and bankruptcy for the company.
Economic Forecasting: Nate periodically serves as a forecaster for the Federal Reserve’s Survey of Professional Forecasters. In this role Nate monitors and forecasts macro-economic data such as changes in Gross Domestic Product, inflation, unemployment rate, and interest rates. The quarterly results of the Survey of Professional Forecasters is widely reported nationally and is often cited as an authoritative economic forecast in business valuations and strategic planning.
- Doctorate of Business Administration, Grand Canyon University (pending – 2019)
- Masters of Business Administration, Babson College (2004)
- Bachelors of Interdisciplinary Studies (Business and Plant Ecology), Arizona State University (2000)