Chicago (October 12, 2023) — Novo Advisors, a premier turnaround consultancy serving middle market firms nationwide, is proud to announce new offices in Nashville and Minneapolis, adding capabilities to its team based in Chicago, New York and Philadelphia.
In Nashville, Dustin Bernstein joins Novo Advisors as a Managing Director. Dustin is a skilled financial consultant with more than 12 years of professional experience in industries including healthcare, manufacturing, hospitality, agriculture, metals and distribution. Prior to joining Novo, he held consulting positions at both global and boutique restructuring advisory firms, working with businesses from $20 million – $6 billion in sales. Earlier in his career, Dustin received his CPA designation in the state of Illinois. His expertise includes financial analysis, special situations, M&A, break-even analysis, business plan validation, liquidation analyses and cash flow forecasting.
We are pleased to welcome Dustin and Alex to the Novo family.”
Managing Partner, Novo Advisors
In Minneapolis, Alex Cariveau joins Novo Advisors as a Director. Alex brings more than 13 years’ experience working directly in functional financial roles — including Director of Finance — for manufacturing, entertainment and food and beverage businesses. His specialties include FP&A, cost accounting, working capital optimization, reporting and process improvement. Alex was also previously certified as a CPA in the state of Washington.
“We are pleased to welcome Dustin and Alex to the Novo family,” said Sandeep Gupta, founder and Managing Partner of Novo Advisors. “Both contribute special capabilities valued by our clients: Dustin for his background as a turnaround consultant, business advisor, investment banker and interim CFO; and Alex for his financial experience working across a wide arrange of industries.”
Novo Advisors is unique among many turnaround and restructuring consultancies in offering the expertise needed to serve in interim management roles, including CEO, CFO and COO. In addition to its varied industry experience, many members of Novo Advisors’ team apply direct, functional business knowledge and experience to initiate and speed turnaround and performance improvements for clients.
“The fact that we’re not career consultants, and that we can move from financial advisor directly to the C-suite when needed, benefits our clients,” notes Gupta. “Our grasp of the nuances of doing business is more comprehensive and grounded because of our functional experience — as is our ability to recommend and enact operational changes. And our ability to transition to interim management is efficient for clients since we are already steeped in the financial and operational details.”
Founded in 2012, Novo Advisors is a business transformation partner specializing in turnarounds and restructurings, performance improvement, transaction advisory, dispute resolution and interim management services for companies with $25 million – $1 billion in revenue. Novo offers clients rapid, customized solutions based on an immersive understanding of their business and financial issues, and the opportunity to work with a team of senior-level industry pros dedicated to delivering value every step of the way.
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For more information, contact Anupy Singla at (312) 961-2565 or Anupy@novo-advisors.com.