Cleanup in 11: Central Grocers Inc. and the SVT Grocery Chain
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Cleanup in 11: Central Grocers Inc. and the SVT Grocery Chain
By Don Harer & Alpesh Amin, CTP, Managing Directors/Shareholders, Conway MacKenzie Inc.
In February 2017, Strack and Van Til Supermarkets (SVT) retained the authors’ firm to address liquidity challenges and performance issues. Little did anyone appreciate at the time the severity of the issues the grocery store chain faced or that this case would become such a complex and...
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Alpesh Amin, CTP, is a managing director and shareholder of Conway MacKenzie based in the firm’s Chicago office. He has more than 18 years of experience in corporate finance, restructuring, and management consulting. Amin advises clients in complex transformational phases, such as business model redesign, profit enhancement, restructurings, capital raises, and mergers and acquisitions. He has also led several companies on an interim basis during corporate turnarounds and restructurings.
Donald Harer is a managing director and shareholder of Conway MacKenzie based in the firm’s Chicago office. He specializes in working with senior lenders and management teams of companies in need of operational improvements and financial restructuring. Harer’s case experience ranges from middle market to Fortune 500 companies in such industries such as wholesale, grocery, co-ops, healthcare, construction, manufacturing, restaurants, and telecom.
