Timothy G. Becker, CTP

Tim has more than twenty years of executive-level financial management experience working with distressed organizations to develop and implement pragmatic solutions. His client list includes public and private companies with annual revenues up to $600 million, and in industries as varied as food production, transportation, retail, technology and real estate.

Tim brings a strong, hands-on approach to his client engagements. He has served as both CEO and CFO of distressed companies and has served as a court appointed Receiver of numerous entities. His client list includes public and private companies with annual revenues up to $600 million, and in industries as varied as food production, transportation, retail, technology and real estate.

A sample of his engagements include:

• Interim CEO of a publicly traded retailer with more than 300 locations located throughout the US. During his tenure as CEO, he led the management team in negotiating settlements with landlords for more than 130 closed locations, and completed a successful sale of the profitable operating unit of the business.
• Advised management of a $50 million food processing company in a successful balance sheet restructuring which involved shareholders, senior debt and unsecured creditors all accepting revised terms.
• Acted as CFO to a $90 million distribution/retail concern while successfully performing a search for a full-time replacement and assisting in restoring the company’s profitability.
• Served as court appointed Receiver for multi-entity real estate development group. Responsibilities included marketing properties with values in excess of $17 million, completion of an office condominium development, and financial investigation and review.
• Served as court appointed Receiver for a multi-unit specialty retailer. As Receiver, developed and executed plans to manage the business and repay the creditor who sought the receivership and returned the business to the shareholder upon termination of the receivership.
• Advised management of a multi-unit seasonal retailer in the successful negotiation of an informal work out and extended payment terms to the company’s trade creditors.
• Advised in the financing and acquisition of three pasta production facilities after the parent company had filed the WARN act notice of intent to close down the facilities. As interim CFO, successfully negotiated senior debt facility of $17 million to fund the purchase price, and merged the company six months after acquisition with a production co-op to create the third largest pasta production company in the country, operating profitably.

Tim is a founding director of the Minnesota Chapter of the Turnaround Management Association and a CTP. He is also a CPA and a member of the Minnesota Society of CPAs and the American Institute of CPAs.

Prior to founding Lighthouse Management Group, Inc., Tim was a Senior Manager with Ernst & Young where he led the efforts to establish the Restructuring and Reorganization practice in the Minneapolis office. Tim holds a BA from the University of St. Thomas and an MBA in Finance from the University of Minnesota. He has served on the board of directors of numerous public and private companies.