MIKE BOYER is a Managing Director at Novo Advisors with over 20 years of experience in corporate turnarounds, financial risk analysis and forecasting, distressed debt restructuring, credit underwriting, and bankruptcy representations — including litigation support and corporate valuation analysis. Throughout his career, he has guided firms and clients through complex and turbulent situations, from self-inflicted crises to major disruptions like the 2007 global financial crisis and the COVID-19 pandemic.
Mike has played a lead role in some of the most high-profile and complex restructurings in recent years, guiding companies through operational overhauls, stakeholder negotiations, and strategic transactions under extreme pressure. His cross-sector experience from advising clients in retail and consumer products, energy, airlines, manufacturing, cryptocurrencies and digital assets, agriculture (including cannabis), printing, healthcare (including senior living and micro-hospitals), construction, and banking reflects his versatility and steady leadership in times of crisis.
In the restructuring of Vital Pharmaceuticals, better known as Bang Energy, a high-profile energy drink manufacturer, Mike facilitated a $40 million cost-reduction initiative, strengthened cash controls, and ensured the successful close of the Chapter 11 asset sale process by coordinating due diligence and transaction execution requirements. His contributions were instrumental in navigating regulatory hurdles and litigation challenges, ultimately leading to a sale to Monster Energy. The transaction was recognized with the 2023 The M&A Atlas Awards – Americas Large Distressed M&A Deal of the Year and 2024 Turnaround Management Association (TMA) Large Transaction of the Year.
At GenCanna Global, a $70 million distressed hemp and CBD producer, Mike played a central role in the company’s financial and operational restructuring. He supported the negotiation of DIP financing, directed operational improvements including gains in shipping and processing efficiency, spearheaded asset monetization strategies and was actively involved in the successful execution of the §363 sale process. The engagement was honored with the 2021 Turnaround Management Association (TMA) Small Transaction of the Year award.
In the cryptocurrency sector, Mike served as financial advisor to the Independent Examiner in the Chapter 11 proceedings of Celsius Network, a crypto exchange and asset lender with $24 billion in assets under management. Through forensic transaction tracing across multiple blockchains to uncover and analyze financial misconduct, Mike provided critical insights and financial assessments of DeFi protocols that informed the court’s proceedings and asset recovery efforts.
Mike also stepped in as Interim Deputy CFO and Treasurer to oversee financial operations and cash management for a multi-state micro-hospital operator with $250 million in revenue. He led cost optimization efforts, improved billing processes, and developed strategic financial forecasts, ultimately facilitating the successful sale of the hospital portfolio while ensuring uninterrupted patient care.
As a key contributor in the restructuring of a $100 million government contractor specializing in construction and engineering services, Mike developed contingency plans and restructuring strategies that stabilized the business while sourcing a new letter of credit facility that unlocked over $40 million in much-needed liquidity. He directed improvements in internal controls, financial planning, and cash management processes — efforts that enabled the company to secure a $35 million asset-based loan and successfully complete its largest-ever construction project at an overseas US military base.
Novo Advisors spots issues that we haven’t thought of. They always come up with good ideas and additional issues to consider.”