The US arm of Grant Thornton has launched a recovery and reorganization
services practice aimed at assisting under-performing and financially troubled
‘Our new recovery and reorganization practice will allow us to take a
leadership role in this highly fragmented industry,’ said Grant Thornton chief
executive Ed Nusbaum.
He said it was part of the firm’s plans to build a ‘comprehensive national
The business will be led by Marti Kopacz and Loretta Cross, both of whom have
experience in business reorganisation.
Kopacz was a partner at PricewaterhouseCooopers, where she was a founding
member of the corporate restructuring practice before it was acquired by FTI
Cross was a also a partner at PwC and a senior managing director with FTI.
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK
Begbies Traynor have been appointed administrators of William Anelay Ltd, York, one of Britain’s longest-established construction and heritage restoration companies
Smith & Williamson has been appointed administrators of charity 4Children