NorthStar Professionals
Michael Fine
Director of Retail and
Consumer Products Group
mfine@northstarmp.com
Mr. Fine has over 30 years experience in Retail and Brand Management.
For the past 5 1/2 years, Mr. Fine worked as Senior Vice President and General Merchandising Manager of the multinational Payless Division of Collective Brands (4500 stores). While there, he lead merchant teams, representing 1.5B in sales volume, that retained and licensed numerous brands including Champion, Airwalk, Dexter, and Disney Direct to Retail. As President of JBI Footwear (1387 stores), he led the team that acquired Shoe Corp of America.
Mr. Fine managed the successful turnaround of several retail chains (720 stores) through the Chapter 11 bankruptcy of Edison Brothers, serving for several years as Group President of Footwear and Women's apparel. Additionally, Mr. Fine has worked with distressed retailers and has been responsible for and managed through the successful liquidation of a four store better Men's and Women's Apparel business. He started his career working at the Filene's Division of Federated Stores culminating as Divisional Merchandise Manager for Kids Apparel and Accessories.
Mr. Fine holds a B.A from Union College, serves on the Board of Directors of the Two-Ten (the charitable organization of the Footwear Industry), and is a member of the Turnaround Management Association.
Peter E. Nawrocki
Co-Director of Commercial
and Industrial Group
pnawrocki@northstarmp.com
Mr. Nawrocki has over twenty years experience providing turnaround management, corporate finance, accounting, and operations expertise to middle-market companies in a variety of industries.
Since 1986, he has specialized in solving the problems presented by distressed business situations and has represented Debtors, Secured Creditors, Unsecured Creditors, Equity Holders, and other parties-in-interest both in and out of bankruptcy. Mr. Nawrocki has served as interim CEO, CFO, COO, and Treasurer in many of these engagements.
Mr. Nawrocki's experience includes five years as Senior Manager of Deloitte's Reorganization Services Group in Boston, seven years as founding principal of Boston Management Advisors, a boutique turnaround and interim management consulting practice, three years as a consultant at The Recovery Group, and five years in the Big Six accounting firm of Coopers & Lybrand.
Mr. Nawrocki is a CPA and a CIRA (Certified Insolvency and Restructuring Advisor) and holds M.S. Accounting/MBA degrees from Northeastern University and a B.A. Mathematics degree from Bowdoin College. He is a member of the Massachusetts Society of CPAs and the Association for Corporate Growth.
Kenneth J. Sanginario
Director of Corporate
Finance Group; Co-Director
of Commercial and Industrial Group
ksanginario@northstarmp.com
Ken has more than twenty-five years of experience providing financial and operational leadership to middle market companies, most recently as a founding Partner of NorthStar Management Partners, a boutique turnaround management, profit improvement, and corporate finance consultancy. Since 1991, he has specialized in developing and executing strategies in turnaround and workout environments, corporate performance enhancement, raising equity and debt capital, and advising companies in M&A activities.
Ken has been a corporate advisor since 1999, prior to which he spent twelve years in executive finance positions in public and private companies, focusing on turning around distressed operations, and leading the efforts of financial restructurings and recapitalizations. Ken also spent five years in the Big Six accounting firm of Coopers & Lybrand, where he specialized in audits and transaction support of publicly held clients. Ken’s credentials include CPA, CMAP (Chartered M&A Professional), and CVA (Certified Valuation Analyst), and he received a master’s degree from Boston College, as well as both master’s and bachelor’s degrees from Bentley College. He has authored and contributed to several published articles on turnaround management and corporate valuations, and has been a featured speaker at a variety of national conferences. Ken currently serves on the editorial advisory board of CFO Publishing Corp, and on the Boards of Directors of several privately held companies and charitable organizations, including as the current Board President of Solutions at Work (www.solutionsatwork.org).
Gerald M. Sherman
Co-Director of Commercial
and Industrial Group; Director of Liquidation Services
gsherman@northstarmp.com
Gerry Sherman began his career as a restructuring advisor in 1982 after leaving The Shawmut Bank of Boston, NA where he was an officer in the bank's Asset-Based lending group.
Since that time, he's completed over 500 assignments for privately held and family owned businesses throughout the US and has acted as a Chapter 11 Trustee, Chapter 11 consultant to the debtor, court appointed Receiver and court appointed Special Master.
In 2006, Gerry was a co-founder of Diamond Business Credit LLC, an Asset-Based lending company which provides line of credit financing to distressed and underperforming borrowers. Today he is Vice-chairman of Diamond and sits on its credit committee. He's also a columnist on workout, advanced credit analysis and lender training topics for COMMERCIAL LENDING REVIEW, a national industry journal.
Gerry has spoken widely for groups including the Turnaround Management Association, the Risk Management Association, the MA Bankers Assoc. and the Harvard Business School Turnaround Forum. He holds B.S. and MBA degrees from Boston University and was elected to Beta Gamma Sigma, the National Honorary Society for business students.