Astro Bug

LOS ANGELES - AstroBug -- Stapleton Group and Sorokin & Associates have entered a strategic partnership to deliver operationally focused Financial Advisory Services to companies in the U.S., Mexico, and Asia. The partnership combines Stapleton's deep expertise in financial restructuring with Sorokin's operational restructuring and optimization skills to resolve performance challenges faced by rapidly growing and distressed businesses.

Clients appreciate the partnership's seamless solutions, which eliminate the need to retain and communicate with multiple firms. The Stapleton-Sorokin deep bench of professionals adeptly implements scalable financial and operating methods to resolve challenges stemming from rapid growth and operational inefficiencies to complex out-of-court restructurings and bankruptcies.

"Our strategic partnership with Sorokin & Associates evolved organically after working together on multiple successful restructuring engagements," said David Stapleton, president of Stapleton Group. "The Sorokin team's deep experience delivering operational performance improvement services is the perfect complement to our full-service team's financial restructuring expertise."

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Recently, the combined teams designed and executed a reorganization plan under Chapter 11 bankruptcy for a consumer products company that involved:

• Creating a multi-pronged sales strategy and forecast to quickly liquidate excess inventory without alienating the company's core customer base.
• Reorganizing the company and creating appropriate metrics to instill authority and accountability across the entire operations team.
• Redesigning the supply chain from source to customer.
• Evolving the sales strategy to focus on new, higher margin products to better customers.
• Recapitalizing the company.
• Providing fractional C-Suite management.

"Having collaborated with numerous financial restructuring professionals in our 20 years of business, we are well-tuned to the key characteristics of success," said Sorokin's founder and principal, Jorge Sorokin. "The Stapleton team has earned its reputation as one of the most successful firms at resolving complex financial challenges in the Western U.S. We are thrilled to have formalized our relationship for the benefit of our current and future clients."

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About Stapleton Group

Stapleton Group's full-service team of turnaround experts, financial advisors, receivers, accountants and asset managers maximizes the recovery of capital for creditors and helps resolve disputes between shareholders. Stapleton has completed over 600 engagements with $4 billion+ in aggregate assets since it was founded in 2008. Whether the path to resolution is clear or involves untangling a complex web of issues, Stapleton designs and implements a feasible strategic plan to achieve the client's goals. Learn more about Stapleton's services, team, and successes at stapletoninc.com or by calling 213-235-0600.