|
Mike focuses on complex accounting and forensic issues and providing transaction advisory services. He has twenty years of professional experience providing accounting, auditing and M&A advisory services to companies ranging in size from start-up to Fortune 500 organizations in the manufacturing, technology, real estate, travel/hospitality, entertainment and service industries, as well as private equity firms.
Professional Experience
Prior to joining Huron, Mike was an audit partner at two international accounting firms providing audit, due diligence, and merger and acquisition transaction advisory services in addition to practice leader responsibilities, Mike frequently consults on complex accounting, reporting and SEC matters, and has led numerous public offerings/private placements and a variety of other special projects.
Mike has provided advisory services in a broad range of areas, including:
Financial statement restatements
Implementation of new accounting/reporting standards
Revenue recognition
Reserve accounting
Stock based compensation
Income taxes
Business combinations
Due diligence and contract structuring
Initial public offerings and private placements
Management buyouts
Spin-off/divestitures
Internal controls
Reorganizations/restructurings
Sarbanes-Oxley
Representative examples of Mike's engagement experience include:
Directed the preparation and analysis of working capital and financial valuation models including validity, appropriateness of accounting, quality of assumptions, seasonality/cyclicality, foreign currency effects, and expected synergies.
Spearheaded team that identified financial exposures in a company's aircraft lease portfolio, contributing to the reduction of purchase price by $200 million.
In post acquisition dispute, identified significant overstatement of project margins. Developed strategy for purchase price reduction of acquired company by $300 million.
Successfully challenged the quality and achievability of target company's pro forma cost savings, leading to a 10% purchase price reduction.
Led team in identifying and addressing the accounting and financial reporting matters associated with the spin-off of a multinational subsidiary of a Fortune 500 consumer products company.
Developed model to identify and quantify replacement and other incremental costs associated with divisions/subsidiaries to be divested.
Directed the reorganization of a $200 million, publicly traded, diversified organization into two separate entities including due diligence for two acquisitions, preparation of carve-out financial statements, and related pro forma financial information.
Engaged by counsel representing a consumer products company to assist with the resolution of complex accounting issues with the SEC.
Developed framework for assessing the potential range of lost profits resulting from late deliveries of revenue generating assets, resulting in $40 million favorable settlement.
Assisted clients with the restatements of financial statements resulting from incorrect application of Generally Accepted Accounting Principles in areas including reserves, revenue recognition, income taxes, business combinations, asset impairments, and others.
On behalf of clients, Mike has discussed accounting, auditing and reporting matters with the SEC and other regulatory bodies.
Education & Certifications
Master of Business Administration, Florida State University
Bachelor of Science, Accounting, University of Florida
Professional Associations
Member, American Institute of Certified Public Accountants
Member, New York State Society of Certified Public Accountants
Member, New Jersey State Society of Certified Public Accountants
Member, Georgia State Society of Certified Public Accountants
Member, Connecticut State Society of Certified Public Accountants
| 