Tadd Crane
Tadd Crane, a director with Zolfo Cooper, has 14 years of diversified business experience across a variety of industries, including nearly nine years in restructuring. He has provided interim management and advisory services to distressed debtors in both bankruptcy cases and out-of-court situations. Tadd’s areas of expertise are business plan development and review, project management, working capital management, financial planning and maximizing recoveries of asset dispositions.
Tadd is currently advising a book publisher during its out-of-court restructuring. Recently he served as an associate director of restructuring for Mark IV Industries, a $1.3 billion global automotive and transportation company, where he was responsible for evaluating and improving the global cash flow forecasting process, assisting in the preparation of the five-year business plan and negotiating credit facilities.
Tadd previously advised the senior lender group in the restructuring of a $650 million manufacturing business. He led the assessment and analysis of the company’s business plan, worked with the company to improve cash flow management and negotiated both the DIP financing and the plan of reorganization. As an associate director of restructuring in the Collins & Aikman Chapter 11 case, Tadd led the sale of various business lines, facilities and assets; participated in negotiating with significant creditors and their advisors; led the closure of unprofitable facilities; and was instrumental in the execution of the plant consolidation plan. At Malden Mills, a textile manufacturer, Tadd was responsible for all aspects of cash management, the budget process, financial reporting and negotiations with vendors and other interested parties. and participated in numerous cost reduction initiatives.
Prior to joining Zolfo Cooper, Tadd was a member of the restructuring practice with PricewaterhouseCoopers, where he provided advisory services in restructurings in various industries, including textiles, manufacturing, banking and telecommunications. Tadd has previous work experience providing public accounting and audit services to a wide range of clients.
- B.S. in management and finance from State University of New York at Binghamton
- M.B.A. from Fordham University, with honors
- Certified Insolvency and Restructuring Advisor
- Member of the Association of Insolvency and Restructuring Advisors