
John
Davidson brings over 30 years of financial and general management experience to his role as a Principal and Managing Partner
of Inverness Group LLC.
Mr.
Davidson has spent the past 25 years in the area of turnaround management, including senior management positions and Court-appointed
roles in selected restructuring and reorganization processes, as well as hands-on responsibilities with the firm’s larger
and more complex advisory engagements.
During
1989-1991, he directed engagements on the West Coast for a national consulting firm specializing in turnaround management
and financial/operational restructuring for middle and upper middle market clients. Mr. Davidson received the firm's
Consultant of the Year award in 1990.
Among
his many direct interim management roles and in addition to his engagements as advisor to management and ownership, Mr. Davidson
has served as President & Chief Executive Officer of Cumetrix Data Systems, a publicly-held (Nasdaq) computer and internet
tools development company based in Los Angeles (1999), and as Chief Restructuring Officer in the successful Chapter 11 bankruptcy
of States Industries, Inc. (Eugene, Oregon), a leading national wood products manufacturing company. In each case, he
developed and initiated implementation of interim and long-term restructuring steps, resolving immediate crises and management
/ ownership issues, and positioned the businesses for recapitalization and transition at the direction of the Boards.
He served as Senior Vice President and Chief Operating Officer of Hind, Inc., a leading California-based
manufacturer and retailer of technical apparel products for the performance sports industry. He successfully directed
the Company’s out-of-court restructuring program and negotiated the sale of the business to Saucony, Inc., a Boston-based
public company and manufacturer of athletic shoes and apparel under the Saucony brand.
He also served as Managing Director under the Court-supervised restructuring and successful turnaround
of International Aero, Inc., a Washington-headquartered manufacturer and FAA-authorized repair contractor for commercial aircraft
components. Mr. Davidson directed the stabilizing and restructuring of the business prior to and subsequent to the effects
of the Sept. 11, 2001 events on the aircraft industry.
His financing background includes administrative and line management responsibilities from 1976 - 1982 with
major Lenders in the areas of:
Special
Assets and Workouts
Energy-related
Project Finance / Asset-Based Lending
Corporate Finance & Workout Strategies
- International Banking - Fortune 500 & Middle Market Financings
Mr.
Davidson has served as Court-appointed Receiver and as senior Debtor management in numerous operating cases primarily on the
West Coast. He is qualified as a Chapter 11 Trustee and Examiner and has directed business reorganization
and asset dispositions within formal court processes, including the following:
- States Industries, Inc. – Eugene, OR – Chief Restructuring Officer (Chapter 11) Asset Sale in support of ongoing operations by
new ownership
- Blue Heron Paper Company – Oregon City, OR – Advisor to Secured Lender (Chapter
11 / 7)
- Premium Timberland Sales, Inc. – Eugene, OR – Court-appointed
Receiver (Management / Sales of Wachovia Bank-owned REO holding timberlands and recreational properties in the Pacific Northwest)
- Pacific
Rim Imports, Inc.
– Seattle, WA – Court-appointed Receiver (Management of interim operations / asset dispositions and sale of distribution
and retail businesses)
- Comet Trailer, Inc. – Yakima, WA – Court-appointed Receiver (Superior
Court – Yakima, WA) – Restructuring and Sale of Operating Business / Disposition of Non-core Assets
- The
Governor Hotel
– Portland, OR – Court-appointed Receiver – Directed interim operations and sale of this hospitality company
- Emporium Department Stores – Eugene, OR – Chapter 11 Bankruptcy
- Advisor to the Debtor and Interim Chief Financial Officer
- International
Aero, Inc. –
Burlington, WA – Custodian Pendent Lite (Superior Court-King Co., WA) - Restructuring
- Gateway
Forest Products
– Ketchikan, AL – Chapter 11 Bankruptcy – Debtor’s Financial Advisor
- Cascade
Pacific Industries, Inc. – Eugene, OR – President & CEO (Chapter 11) – DIP Operations and Sales of Business Units and
Assets
- Babler Brothers, Inc. (PIPE, Inc.) – Portland. OR –
Advisor to the Company in an out-of-court reorganization and sale of the core businesses
- 800.com – Portland, OR – Advisor to
the Company in an out of court restructuring, sale of core IP, and managed liquidation of remaining assets.
- Boston
Markets (NW) –
Seattle, WA – Managing Agent for the Debtor (Ch 11 – Bankruptcy Court – Seattle, WA) – Managed Sales
and Liquidations of retail locations
- Tri-Valley Growers, Inc. – San Ramon, CA - Financial Advisor
to Bank Group (Ch 11 – Bankruptcy Court – Oakland, CA) – Reorganization
Educational Background
Mr. Davidson received his undergraduate degree from UCLA and his Master's degree in International
Business from the American Graduate School of International Management (Thunderbird). He is qualified as a Court-appointed
Bankruptcy Examiner and Chapter 11 Trustee and has served as Court-appointed Receiver in various operating cases.
Mr. Davidson has been a member of the Turnaround Management Association (TMA) - Chicago, and the
AIRA.