Business Capital Adds Finance and Restructuring Expert Robert Burrick

June 05th, 2012 - 05:42 am ET by Business Wire

Business Capital Adds Finance and Restructuring Expert Robert BurrickBusiness Capital adds expert in finance, business and bankruptcy law, turnaround management and workouts to augment commercial finance and business debt restructuring efforts on East Coast.

Business Capital announced the addition of industry veteran Robert Burrick as Senior Vice President. He will work directly with Business Capital’s Managing Director, Chuck Doyle, to expand the national client base and business development efforts on the East Coast.

Mr. Burrick brings extensive expertise in business finance, law and workouts. Before joining Business Capital, he was a principal and served as a senior officer of two specialty finance companies and also served as the Chief Restructuring Officer of a major hospitality group charged with the turnaround and sale of nonperforming assets. Bob’s efforts at the Hudson Valley Resort & Spa located in upstate New York resulted in a 100% recovery for creditors, and he successfully negotiated the sale and liquidation of a group of nursing homes and rehabilitation hospitals located throughout New York State. Prior to his involvement in the business and lending work, he was a bankruptcy partner at a major national law firm, representing the interests of clients in most of the major bankruptcy cases spanning a 20 year period. Most significantly, he was involved as counsel for the pharmaceutical companies in the Foxmeyer Bankruptcy Case; counsel for ownership in the AmeriServe Food Distribution case and counsel for lenders in the Prime Motor Inns filings. Bob is a PHI BETA KAPPA graduate of the State University of New York at Buffalo and holds a JD from the Fordham University School of Law.

“We're pleased to have someone of Bob's caliber joining us. He has been in the restructuring and finance industry for three decades, representing the interests of both borrowers and lenders. This unique perspective will bring a great deal of additional value to our clients and partners and increase our ability to help challenged businesses and strengthen relationships on the East Coast,” said Doyle. “In the current financial environment, Bob’s extensive experience with out-of-court-restructurings, debtor in possession financing and distressed debt transactions will be a tremendous asset to the working capital and restructuring solutions we provide at Business Capital.”

Business Capital, founded in 2002, is a national commercial finance and business debt restructuring firm specializing in arranging growth capital and corporate turnaround solutions for small and middle market companies. Combining a unique blend of traditional and progressive financing methods, the firm provides a vast spectrum of recapitalization and restructuring services for private and public companies in hyper-growth or challenging situations.

Contacts :

Business Capital
Jen McCarthy, 415-989-0970 or 203-292-5474

Source(s) : Business Capital