Recovery & Transformation Services
When companies face their biggest challenges – quick decision making and execution are paramount. Riveron works side-by-side with you to navigate the assessment, decision making, and implementation phases to ensure your challenges are addressed urgently.
From an operational and financial perspective, our team will rapidly assess the current state, tighten controls, stabilize, plan and execute. Throughout, we use data-driven insights and proven strategies to maximize value, viability and growth for our clients. We approach turnaround situations through the lens of an investor to deliver exceptional results, while maintaining a shared vision of success with all stakeholders.
Riveron takes on a leadership role to navigate a company through a period of distress
In 2015, the parent entity of Terraform Power and Terraform Global, owners and operators of renewable energy power plants, declared bankruptcy. This event necessitated a sale of both entities. Riveron was engaged shortly after the bankruptcy to ensure continuity of operations, implement process improvement initiatives and ready the organization for the eventual divestiture. For Terraform Global, Riveron took over key roles and responsibilities, including interim accounting leadership and worked for over a year to keep the organization running and streamline financial reporting processes while partnering with management to assist with the strategy and execution of the sale process. When the sale was complete, Riveron transitioned its roles to the new owning entity, providing five months of ongoing and transition support.