Aimee Rice

• Lead high-stakes engagements for distressed and underperforming companies, advising boards, sponsors, and management teams on critical financial and operational decisions. Liquidity stabilization, stakeholder negotiations, and the development and execution of restructuring and turnaround strategies. A focus on preserving value, restoring performance, and positioning businesses for sustainable outcomes.
• Led multiple financial advisory engagements, including a 60-day marketing process to refinance a $250M+ company. Developed comprehensive 52-week cash flow forecast across multi-entity/state operations to proactively identify and manage liquidity risks. Negotiated lender forbearance within 90 days, enabling a return to bank credit lines within eight months.
• Served as court-appointed CRO for Pittsburgh Aviation Company (Corporate Air), co-leading a cross-functional team and overseeing core CRO responsibilities, including budget development and management, preparation and submission of monthly operating reports, and ongoing, front-facing coordination with counsel, management, and prospective buyers. This court-supervised process resulted in a successful sale within 120 days.

Consulting and financial support services. Most assignments have included review/assessments of recent financial performance and operational metrics to support the development of reliable financial projections/cash flow projections, debt refinancing and asset sales. These client assignments also included negotiations with senior lenders. Typically, various debt and equity refinancing options were evaluated and implemented and/or asset sales were conducted both in and out of bankruptcy proceedings and receivership actions.

• 3 Rivers Ice Cream Service (Frozen Food Storage & Distribution in Wexford and Gibsonia, PA): Led the orderly wind-down of the business, including settlement of a key contract with Giant Eagle that enabled full repayment of senior secured debt and recovery of owner subordinated debt. Executed the termination of all operations, contracts, and employees within 60 days while negotiating vendor settlements and maximizing asset sale recoveries under limited liquidity. Served as primary point of contact for mediation and bankruptcy proceedings, pension-related payment documentation, and completion of post-confirmation wind-down activities.
• Protea Biosciences (Bioscience/BioPharma R&D Co. in Morgantown, WV; OTC:PBGI): Retained by the BOD of a public company to provide hands-on CRO support through a Chapter 11 filing, including evaluation of potential litigation recoveries in coordination with legal counsel. Led two separate expedited Section 363 asset sale auctions and the orderly wind-down of the company’s remaining operations. Litigation recovery efforts were incorporated into the plan of liquidation, resulting in subsequent distributions to unsecured creditors.
• Cobra Pipeline, LTD (Natural Gas Distribution, Ohio): Retained as Investment Banker to lead a Section 363 asset sale, managing buyer outreach, data room and NDA processes, site visits, and coordination with management and the board. Oversaw review of indications of interest and asset purchase agreements, conducted the 363 auction, and prepared all required bankruptcy court filings.
• Other companies & industries: Aviation, Steel Extrusion, Food Processing, Pharmaceutical, Scrap, Candy, Nursing Homes, Equipment Leasing (companies Confidential)

• Brought in as CFO with a two-year mandate to right-size a 45-year, $70M family-owned food distribution business and create sufficient liquidity to execute an orderly wind-down outside of bankruptcy. Led strategic, operational, and financial initiatives to maximize availability, resulting in full repayment of senior secured debt, recovery of long-standing owner subordinated debt, and negotiated settlements with vendors. The process preserved value while avoiding a bankruptcy filing.

• Managed all accounting and financial reporting functions for an oil and gas company with a drilling subsidiary, overseeing financial statements, cash flow management, budgeting, variance analysis, and quarterly bank covenant compliance. Led annual audits for 14 subsidiary entities and supported SEC reporting, including preparation of Forms 10-Q and 10-K, as well as accounting for a public capital raise and related partnership structures. Reported directly to the President, driving forecasting, corporate and administrative matters, and system conversion efforts across 13 affiliated companies.

• Led strategic planning, budgeting, forecasting, and full general ledger management, including daily cash and lender reporting to the Board and President. Developed customer-based forecasts with Capex planning, reduced interest expense by 23% through renegotiation of the revolving credit facility, and implemented an EBITDA-based incentive program while driving a 20% ($500K) overhead reduction to restore profitability. Restated nine months of misstated financial statements and led a 60-day asset sale process to a strategic buyer in coordination with management, counsel, and the new owner.

• Pittsburgh, PA (Merged with Alpern Rosenthal, currently Parenti Financial)