Novo Advisors Leadership

Michael Ragano

Partner

847-772-6376 MRagano@novo-advisors.com

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Mike is an avid home chef who enjoys preparing meals for his family and friends. During the summer, Mike can be found boating or golfing in Lake Geneva with his wife and three sons.

Career: 15+ years

McMaster-Carr

Wynchurch Capital

FTI Consulting

Chicago

Michael Ragano is a Partner with Novo Advisors and has over 15 years specializing in performance improvement, restructuring, turnarounds, and mergers & acquisitions. Michael offers assistance to clients facing an array of challenges across a variety of industries including horticulture, manufacturing, distribution, publishing, consumer products and fundraising.

Michael offers critical assistance to under-performing companies, in crisis, or healthy with underperforming divisions. Michael has relevant experience including, but not limited to, business plan development, evaluation, and execution; liquidity assessments, including the construction of 13-week cash flow projections and implementation of cash conservation efforts; implementing operational and financial restructurings; bankruptcy planning and evaluation efforts; identification and disposition of non-core assets; cost-reduction and other performance improvement efforts; and managing creditor and key constituent communications.

As the COO of a $100 million commercial roofing contractor, Michael assisted the Company through supply chain challenges, rebuilding its sales team, and transitioning its operations from a sub-contracted labor model to a self-performed model.
As the CRO of a $55 million sub-prime lender, Michael stabilized portfolio operations and successfully marketed the portfolio for sale. Additionally, Michael served as the Federal Receiver to a Texas-based sub-prime lender.
As the Interim COO of a $170 million commercial cleaning business, Michael led the realignment of the company’s ~5,000-person field operations team, stood up an FP&A and operational support team, and developed a robust suite of operational & financial KPI reports to provide clients with real-time reporting of key metrics throughout the pandemic.
Working with a $450 million debt fund, Michael assisted in stabilizing operations and developing and executing monetization strategies for each of its underperforming borrowers.
As an advisor to bondholders of a $140 million healthcare services company that serves assisted living and retirement communities, Michael developed potential debt restructuring alternatives.

Before Novo, Michael was an Operations Manager at McMaster-Carr Supply Company’s Chicago distribution center focusing on their order fulfillment and assembly/packing operations. Prior to McMaster, Michael was an Associate at Wynnchurch Capital focused on control equity investments in middle-market companies.

Michael holds a B.S. in finance from the University of Illinois. He is an active member of the local chapter of the Turnaround Management Association and Secured Finance Network.