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Stuart Gleichenhaus is a senior managing director with FTI Palladium Partners and is based in Dallas. Mr. Gleichenhaus has 25 years of experience structuring and restructuring leveraged transactions.
Most recently, Mr. Gleichenhaus served as the interim chairman, president and chief restructuring officer of EaglePicher Incorporated, a $650 million, 160 year old manufacturing conglomerate. He was mainly responsible for leading the company through a complex Chapter 11 reorganization in which more than $700 million of debt and preferred stock was restructured. EaglePicher manufactured a number of highly specialized products for the automotive, aerospace and defense, pharmaceutical, mining and nuclear power industries. In addition to the debt restructuring, the headquarters were moved from Phoenix to Detroit and several plants were closed, consolidated or relocated. The secured lenders were paid 100% half-way through the case and upon emergence the bondholders exchanged their bonds for 100% of the common stock of the company.
Prior to joining FTI, Mr. Gleichenhaus led the Restructuring Advisory Services business for Ernst and Young Corporate Finance in the southwest U.S. He was involved in numerous in-court and out-of-court restructurings, including Enron, WorldCom, American Cellular, Dobson, Comdisco, Classic Cable, Aquila, Mirant, and TECO, each of which had several billion in debt. Other situations included HQ Global, AMPAM, Avado Brands, Quanta Services, 360Networks, MetalsUSA, and Butler Manufacturing. He has advised both companies and creditors in these transactions. In addition, Mr. Gleichenhaus led Ernst and Young's Transactions Advisory Services business for the oil and gas industry for North America. In 2001, Mr. Gleichenhaus advised Giuliani Partners on its formation.
Before that, Mr. Gleichenhaus spent 10 years at Banc of America Securities in a variety of positions in Dallas and New York, focusing on originating and structuring leveraged financings in the media and telecom, energy, manufacturing and construction industries. He was the chief operating officer of a media and telecom group and led an investment banking business for the southwest and west. Among his notable transactions are deals involving Halliburton, FINA, Nextel, Ascent Entertainment, Lennar, Pillowtex, Belden and Blake, Maxxim Medical, Kevco, ABC Supply, and International Shipholding.
In the 1980s, Mr. Gleichenhaus was with GE Capital, Trammell Crow, Salomon Brothers and Merrill Lynch in Dallas, Chicago, London and New York, completing the leveraged buyouts of Southland, Swift, Color Tile, Republic Health and A&W Brands, among numerous other energy and industrial leveraged transactions.
Mr. Gleichenhaus holds an M.B.A. from Harvard Business School and a B.S.E. with honors from Princeton University. He is a member of the Turnaround Management Association.
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