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BDO USA Welcomes Balderach and Novak to Business Restructuring Practice

August 14, 2020, 08:45 AM
Related: BDO USA

BDO USA, LLP announced that David Balderach and Robert Novak recently joined the firm’s business restructuring and turnaround services practice. Balderach, an industry veteran serving the lending and restructuring needs of energy and oilfield services businesses for the past 30 years, has joined BDO’s Houston office. Balderach brings his deep industry experience to BDO to advise companies, lenders and other investors on complex restructuring matters. Most recently serving as an SVP and Manager of Energy Special Assets, Balderach represented his former firm in multiple bankruptcy cases during the 2015-2016 energy downturn. Novak brings more than 20 years of experience in crisis management, operations improvement and debt restructuring to the firm’s Chicago office. He has held multiple C-level positions and worked with debtors and lenders in numerous industries including mining and metals, manufacturing and healthcare. Novak previously co-founded a company that helps creditors value and sell bankruptcy claims.
BDO provides holistic restructuring advisory alongside other key professional services offerings to the U.S. middle market. The restructuring practice has operationally oriented performance improvement teams as well as highly experienced restructuring professionals who have served as advisors in hundreds of cases and have experience advising lending institutions. Many of BDO’s senior practitioners have also taken interim senior management positions, implementing change and guiding businesses through complex restructurings in and out of court.

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