services at reasonable rates

Large Firm

experience and backgrounds

Highly Credentialed

certified, licensed and accredited professionals


across multiple industries

 Our Services

Turnarounds, Workouts & Restructuring  
Our professionals have served dozens of distressed businesses and/or their various creditor...
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Performance Improvement

In today’s complex economic environment, being able to successfully mitigate business...
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Litigation Support

With years of hands-on experience and a number of important professional credentials...
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Fraud Investigations & Forensic Accounting
Our professionals provide hands-on assistance in investigating alleged financial statement...
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 About Us

Calderone Advisory Group, LLC (CAG), a boutique financial advisory and litigation support consultancy was formed in 2014 to serve the needs of the national middle market by providing hands-on, first-class professional services to clients ranging from $20 million to $500 million in annual revenues.

After spending a number of years at some of the financial consulting industry’s leading firms, while working across different geographical markets spanning from New York to Las Vegas, our professionals decided to band-together to bring cost-effective solutions to the middle market that can be delivered at the same level of competency and effectiveness offered by the industry’s largest and most well-recognized consultancies.

 Calderone in the News

Analysis: 'Zombie companies' filing for bankruptcy a sign of normalcy.

Ford to start shipping Explorer SUVs with missing semiconductor chips.

Canadian Bridge Blockade Stretches Fragile Auto Supply Chain.

What does Beaumont-Spectrum merger mean for Michigan consumers?

What we know about Beaumont CEO's John Fox's exit package - and it's not much.

'Robust' M&A poised to carry into next year, and rising distress could produce more.

General Motors says it will offer heated seats on more 2022 vehicles, despite chip shortage.

Ford CEO Jim Farley gave us big clue automaker's stock was going to surge.

Beaumont-Spectrum tie-up faces hurdles as mega-mergers impact weighed.

Proposed beaumont-Spectrum merger is like a marriage, experts say. This one might work.

Beaumont Spectrum merger benefits an open question for southeast Michigan.

Ford stock was cheaper than a sandwich. Now shareholders are gloating.

Boost from inventory build is 'likely gone'.

Detroit casinos beat city expectations for initial reopening.

Alex Calderone was recognized by Crain’s Detroit Business in the 2020 ’40 Under 40’ class.

MGM Grand Detroit won't bring back more than 1,000 furloughed workers.

Is the 15% capacity limit at detroit casinos ‘playing it too safe’?.

Buy-In, Sellout.

Analysts: Detroit casinos may be reopening, but restrictions will drain city revenue.

Detroit casinos to reopen at reduced capacity; new restrictions Up North.

Beaumont pushes back against doctor criticism over proposed merger.

18 Michigan Art Van stores about to be reborn as Loves Furniture.

GM Suffers Blow in Bid to Punish Fiat Chrysler Over Union Bribes.

Beaumont merger with Advocate Aurora could lead to Michigan expansion.

Michigan's casinos remain closed. Unemployment freezes are leaving some workers desperate.

DOJ criminal investigation into Ford mileage, emissions continues for second year.

Closed casinos are huge loss for Detroit: How much it could hurt.

Listen to Alex Calderone who’s featured in the latest Crain’s Detroit Business podcast titled ‘Money troubles’.

Returning to Work with Confidence -- GM releases plans to safely restart.

Ford counts its cash amid pandemic after $70M exec pay exceeds company's profit in 2019.

Michigan's casinos prep for new revenue from sports betting this spring and online gaming later this year.

Auto industry’s virus fears shifting from supply to demand.

Heartbroken, angry: Art Van closing shocks customers, city leaders.

Art Van Furniture to close its stores, begin liquidation sales.

Pressure mounts on Ford CEO Jim Hackett as stock drops to 52-week low.

Crains's Cleveland Look Back: Ohio's bet on gambling pays off.

Art Van said to explore sale, possible bankruptcy, founding family may be in negotiations.

Ford shakes up leadership after missing 2019 earnings targets.

BorgWarner to buy Delphi to stave off EVs impact.

Sports betting, online gambling legalized in Michigan.

Gov. Gretchen Whitmer signs bills to legalize sports, online gambling in Michigan.

Sports betting, online gambling could soon be legal in Michigan.

Legislature sends internet gaming, sports betting bills to governor.

Lynn Tilton's high-wire bankruptcy gamble with Dura backfires.

From A Single Racetrack To A Billion-dollar Business: Penn National Gaming Emerges As A National Player.

Dan Gilbert's $2.6 billion In JACK Entertainment Casino/Racino Deals Fit Industry Trend.

Financier Puts Profitable Dura Into Bankruptcy In High-Wire Move To Shed Obligations.

Alex Calderone presented on issues related to cyber-fraud at the Michigan Institute of Certified Public Accountants’ 2019 Anti-Fraud Issues and Litigation & Business Valuation Conference.

Coming Up Aces

Greektown Casino ownership swap could mean perks for gamblers.

Alex Calderone was a recipient of the American Institute of Certified Public Accountants’ 2018 Forensic and Valuation Services Standing Ovation Award. This award program recognizes providers of forensic accounting and business valuation services who exhibit exemplary professional achievement.

Caesars Windsor employees ratify new union contract, casino to reopen Thursday.

Alex Calderone served as a guest speaker for the Detroit chapter of the CFO Leadership Council, in a session titled 'Business Continuity - Transformation & Turnaround', where he shared insights and perspectives on a wide array of corporate revitalization topics.

Caesars Windsor Set To Resume Strike Talks As Detroit Casinos See Gains

Detroit Casinos Could Win From Strike, Closure Of Caesars Windsor

Alex Calderone presented a case study related to execution and financial risk in the context of distressed situations to the West Michigan Chapter of the Turnaround Management Association.

Labor Dispute Closes Caesars Windsor

Supply Chains Break Out

Why is this man eyeing Taubman Centers?

Kmart closing store in St. Clair Shores, Kroger to open new grocery there

Why DIY Investing is Risky

The quest for Amazon HQ2: Detroit-Windsor bid could be attractive

Alex Calderone was recognized by Dbusiness Magazine as one of its 'Thirty in Their 30s', an annual listing of business leaders in metro Detroit who are moving their respective companies, industries and communities forward.

Alex Calderone presented a case study on the key elements required to effect successful turnaround processes to the West Michigan chapter of the Turnaround Management Association.

Alex Calderone was a recipient of the 2016 Top of the Class Award, which honors emerging leaders who have reached a significant amount of success in the turnaround industry before age 40.

Alex Calderone authored an article in The Journal of Corporate Renewal titled 'Unwinding the Coils: When Liquidation is the Only Option for a Steel Service Center.'

Alex Calderone served as Guest Editor for the March 2016 edition of The Journal of Corporate Renewal, a leading publication devoted exclusively to professionals in the turnaround, corporate renewal, and distressed investing industry.

Failed Wayne Co. Horse Track Tied to New Casino Plan

Alex Calderone presented on issues of distress facing the steel industry at the Association of Steel Distributors' Regional Meeting at MGM Grand in Detroit, Michigan.

Detroit Casinos' Turnaround Means Millions for City

Alex Calderone delivered a presentation entitled, “Constructing Cash Flow Forecasts for a Contractor: Tips for Building a Reliable Crystal Ball” at the Michigan Institute of Certified Public Accountants' 2015 Construction Industry Conference in Livonia, Michigan.

Alex Calderone co-authored an article in The Journal of Corporate Renewal titled 'Staying the Course When the Training Wheels Are Gone: Ensuring the Long-Term Viability of Minority-Owned Contractors.'

Alex Calderone served as Guest Editor for the March 2015 edition of The Journal of Corporate Renewal, a leading publication devoted exclusively to professionals in the turnaround, corporate renewal, and distressed investing industry.

Detroit casino revenues fell again in 2014

Solutions for the struggling solutions providers

Romancing The Loan

Alex Calderone presented on the topics of financial distress, surety bonding and bank financing in the construction industry at the Michigan Institute of Certified Public Accountants’ 2014 Construction Industry Conference in Livonia, Michigan.

Revenue falling for half of St. Louis casinos

Michigan Indian tribe seeks land In Lansing, Huron Township for gambling

Detroit rolls dice by relying on casino cash

Greektown Casino scales back renovation plans amid revenue slide