Alvarez & Marsal Adds Elan Ben-Avi as Managing Director to Its North American Commercial Restructuring Practice

Mr. Ben-Avi brings 20+ years of restructuring advisory experience along with broad deal, special situations investing, and executive management expertise.

New York, November 14, 2024 -- Global professional services firm Alvarez & Marsal (A&M) announces the addition of Elan Ben-Avi as a Managing Director in its North American Commercial Restructuring (NACR) practice. Mr. Ben-Avi’s arrival underscores the practice’s ongoing talent investments, and enhances the firm’s ability to help clients navigate restructuring challenges amid economic volatility and evolving market conditions.

Mr. Ben-Avi advises clients on multinational restructurings, operational turnarounds, and distressed transactions across multiple industries, including industrial, maritime supply chains, consumer packaged goods (CPG), and retail. He works with companies and investor constituents on complex restructuring matters, both in and out of court, with a focus on business turnaround plans, restructuring strategies, cash flow forecasting and management, bankruptcy oversight, negotiating financing, and leading business and asset sales.

Prior to joining A&M, Mr. Ben-Avi served as a Managing Director, Turnaround & Restructuring at Ankura Consulting. Previously, he had served as a Partner with a lower middle-market private equity firm and as a Restructuring Director at Getzler Henrich, representing debtors, sponsors and creditors. In those positions, Mr. Ben-Avi held leadership roles including as COO and board member of a national fitness company, interim CEO and Chairman of a national beauty retailer, Chairman of a global accessories brand, and interim CEO of a personal care business.

Jeff Stegenga, Managing Director and A&M’s North American Commercial Restructuring Leader, spotlighted Mr. Ben-Avi’s in-depth knowledge of restructuring challenges and stakeholders’ concerns, “Elan’s expertise enhances our ability to help clients navigate an increasingly complex turnaround environment and identify potential future pathways to profitability. With an unpredictable global economy and continued geopolitical uncertainty, Elan’s steady hand will help clients work though current challenges and pinpoint future issues. His approach aligns with A&M’s heritage of operational excellence and commitment to driving change that delivers value.”

NACR Managing Director and Co - Leader of NACR’s Eastern Region, Brian Fox, remarked, “Elan’s experience leading large-scale restructurings is well suited to solve for clients’ distressed transaction matters. The breadth and depth of his financial advisory and interim management expertise dovetails with A&M’s mission to address problems head-on that maximizes value for all stakeholders.”

Mr. Ben-Avi earned a bachelor’s degree in finance from the State University of New York at Albany and is a member of the Turnaround Management Association and American Bankruptcy Institute.

About Alvarez & Marsal

Companies, investors and government entities around the world turn to Alvarez & Marsal (A&M) for leadership, action and results. Privately held since its founding in 1983, A&M is a leading global professional services firm that provides advisory, business performance improvement and turnaround management services. When conventional approaches are not enough to create transformation and drive change, clients seek our deep expertise and ability to deliver practical solutions to their unique problems.

With over 10,000 people across six continents, we deliver tangible results for corporates, boards, private equity firms, law firms and government agencies facing complex challenges. Our senior leaders and their teams leverage A&M’s restructuring heritage to help companies act decisively, catapult growth and accelerate results. We are experienced operators, world-class consultants, former regulators and industry authorities with a shared commitment to telling clients what is really needed for turning change into a strategic business asset, managing risk and unlocking value at every stage of growth.

To learn more, visit: AlvarezandMarsal.com.

Contact: Sandra Sokoloff, Senior Director of Global Public Relations, Alvarez & Marsal, +1 212 763 9853