Aprio, LLP, a nationally-recognized top 50 CPA-led business advisory firm, announced that the firm has launched Restructuring & Turnaround Services led by corporate restructuring veteran, Greg Rayburn.

During this unprecedented time, many businesses are facing loss of revenue and a deteriorating cash position due to business disruption. Aprio’s Restructuring & Turnaround Services partners with businesses and lenders to implement strategies that create liquidity and increase efficiencies, positioning organizations for a stronger tomorrow.

“As we see the number of distressed bonds continue to increase to the highest levels since 2009, it’s now more important than ever that we provide our clients and other stakeholders with the services, advice and strategies they need to save jobs and stabilize their businesses. Launching Aprio’s Restructuring & Turnaround Services group will allow us to meet businesses where they are today and help position them for a strong tomorrow,” said Richard Kopelman, CEO and managing partner at Aprio. “Greg is an experienced restructuring executive, and his joining the firm represents our commitment to providing clients the best resources to build a solid future.”

Aprio’s Restructuring & Turnaround Services group will be led by restructuring veteran, Greg Rayburn. Rayburn brings to Aprio over 35 years of experience partnering with troubled businesses to create and maximize value for their stakeholders. During his career Rayburn has served as CRO, CEO or board member of many high-profile companies, including Hostess Brands, WorldCom (now Verizon Communications), Magna Entertainment Corp, A&P and Sunterra Corporation. In 2010, Rayburn founded a private restructuring advisory services firm, Kobi Partners, LLC, and he is a frequent guest contributor on Fox Business News.

“I am excited about the opportunity to join a forward looking firm, like Aprio, that is focused on offering its clients the innovative services they need to set their business up for success today and into the future,” said Rayburn. “I look forward to helping clients strategically manage their businesses and to helping lenders make complex business viability and recovery decisions.”