Having spent a significant portion of his career with some of the financial consulting industry's leading national firms, including KPMG and Conway MacKenzie, Inc., Alex recognized that the middle market business community was significantly underserved due to the often prohibitively expensive pricing offered by the larger financial advisory firms which dominated the space. In founding the firm in 2014, his mission was simple - to assemble a group of talented and credentialed professionals with decades of hands-on experience that could provide cost-effective turnaround and litigation support services to the middle market, thereby filling a void that had previously been left open by its larger competitors.
Alex specializes in working with both healthy and underperforming companies across multiple industries. He has assisted clients with out-of-court restructurings, loan workouts, Ch. 7 and Ch. 11 bankruptcies, and various types of transactions including acquisitions, divestitures, and liquidations. He has significant experience related to business valuation, forensic accounting (including Ponzi scheme disentanglement), and economic damages quantification and is available to provide expert witness testimony in each of these disciplines.
He is a current or past member of numerous advisory boards, expert panels and oversight committees, including the Turnaround Management Association’s Educational Oversight Committee, the Michigan Association of CPAs’ Fraud and Construction Industry expert panels, the Journal of Corporate Renewal’s Editorial Advisory Board, and the FBI Detroit Citizens Academy Alumni Association.
Alex was a recipient of the 2016 Top of the Class Award, sponsored by the Detroit Chapter of the Turnaround Management Association. In addition, he is a member of dbusiness Magazine's 2017 class of Thirty in Their Thirties, the late Oakland County Executive L. Brooks Patterson’s Oakland County Elite 40 Under 40 class of 2018, and Crain’s Detroit Business Magazine’s 40 Under 40 class of 2020. He is a frequent speaker and author on topics of corporate revitalization and business insolvency and has been quoted or published in a number of media outlets, including Bloomberg, Reuters, The Wall Street Journal, The Las Vegas Review Journal, TheStreet.com, The Journal of Corporate Renewal, ABL Advisor, Crain's, and the Detroit News and Free Press
Alex is a Certified Public Accountant, Certified Turnaround Professional, Certified Fraud Examiner, Chartered Global Management Accountant and Accredited in Business Valuation by the American Institute of Certified Public Accountants. He is also a former Visiting Professor of Accounting at Michigan State University and holds both a Master of Science and a Bachelor of Arts in Accounting with High Honor, from Michigan State University.
Marcus Hudson has more than 25 years of financial executive leadership, consulting and advisory experience across a broad range of industries including manufacturing, municipalities, and utilities. Mr. Hudson specializes in balance sheet restructuring, pricing and costs optimization, crisis management, risk management, and organizational re-design.
Prior to joining Calderone Advisory Group, Mr. Hudson served as the Chief Financial Officer and Treasurer at both the Wayne County Airport Authority and the Detroit Water and Sewer System. During his time in municipal leadership, Mr. Hudson oversaw the spin-off of $5 billion of Detroit's local water and wastewater system assets from the broader regional system and the issuance of more than $4 billion in taxable and non-taxable bonds for the construction of airport and utility infrastructure.
Before his time in municipal leadership, Mr. Hudson served in senior leadership at Tecumseh Products Company, a global manufacturer of residential and commercial refrigeration compressors, and BBK, Ltd., a boutique financial advisory and turnaround firm. While at Tecumseh, Mr. Hudson served as Vice President, Treasurer, where he was responsible for cash management, corporate strategy, and the maintenance of Tecumseh's $1 billion currency and commodity hedging portfolio and Vice President of Supply Chain, Purchasing, & Commodity Risk Management where he oversaw global supply and logistical activity of Tecumseh's $700 million annual buy.
While at BBK, Mr. Hudson served as Senior Director in the Corporate Advisory and Crisis Management Groups where he specialized in providing financial advisory and interim management services to numerous distressed and financially challenged organizations with a special focus on manufacturing entities. Mr. Hudson has negotiated numerous accommodation agreements, DIP facilities, and 363 assets sales for organizations ranging from $5 million to $2 billion in annual sales. Mr. Hudson is also the founder of Hudson & Associates, a financial advisory firm focused on supplier, currency and commodity risk management.
Mr. Hudson is a Certified Public Accountant, Certified Managerial Accountant, Certified Turnaround Professional, Certified Insolvency & Restructuring Advisor, and series-3 Certified Trading Advisor. Mr. Hudson holds a Master of Business Administration degree from the University of Michigan, Ross School of Business, and a Bachelor of Arts in Accounting from Michigan State University.
Tammy L. Berry serves as an Executive Director with CAG. Prior to joining the firm, she spent 21 years with the national turnaround and restructuring firm of Conway MacKenzie, where she provided financial advisory services on behalf of numerous constituencies, including Chapter 11 debtors, unsecured creditor committees, secured lenders and various fiduciaries and liquidating agents.
Tammy specializes in working with both healthy and underperforming companies across multiple sectors, including the automotive, casino and hospitality business, lumber, manufacturing, food service, steel, c-store, and transportation and logistics industries. She has served clients in the context of both Chapter 7 and Chapter 11 bankruptcy proceedings, in addition to supporting various types of transactions including acquisitions and liquidations.
Ms. Berry also has significant experience in the area of litigation support services including quantification of economic damages resulting from business interruption and breach of contract. In addition, Ms. Berry routinely provides fraud investigation and forensic accounting services to clients spanning across a wide array of industries.
In addition to being Certified in Financial Forensics by the American Institute of Certified Public Accountants, Tammy also holds the credentials of Certified Public Accountant, Certified Fraud Examiner, and Chartered Global Management Accountant. Ms. Berry also holds a Bachelor of Arts in Accounting, with High Distinction, from Walsh College. Tammy is a member of the Michigan Association of Certified Public Accounts, Association of Certified Fraud Examiners and the American Institute of Certified Public Accountants.
Kevin Berry is a trusted advisor who provides valuable but cost-effective expertise to clients in times of crisis, distress and uncertainty. He has significant experience related to litigation support services, forensic accounting & fraud investigations, fiduciary services, turnarounds, workouts and restructurings, and insolvency and bankruptcy matters.
Mr. Berry has been involved in numerous matters involving business valuation, forensic accounting investigations and quantification of economic damages. He is also well versed in bankruptcy litigation matters, including cases involving valuation, fraudulent conveyances, preferences and other financial issues. He is available to provide expert testimony related to each of these issues.
Mr. Berry assists unsecured creditors' committees, secured creditors, debtor companies, and other parties to bankruptcy reorganizations, out-of-court workouts, and liquidations. He specializes in insolvency and bankruptcy matters, reorganization and management of troubled companies, and the restructuring of loan and credit agreements for distressed businesses.
Mr. Berry also provides fiduciary services to parties-in-interest in distressed situations. Mr. Berry has served as Liquidating Agent related to a confirmed Plan of Liquidation in U.S. Bankruptcy Court and has also previously functioned as a fiduciary (trustee for benefit of creditors) related to an out-of-court assignment.
Mr. Berry has experience in a broad variety of industries including contracting, gaming and hospitality, hedge funds, lumber and building materials, manufacturing, pharmaceuticals, pulp and paper, real estate, research and development, and retail among others. Previously, Mr. Berry spent 22 years at Conway MacKenzie, Inc. where he was a shareholder. During his career there, Mr. Berry also spent time serving on the firm's Management Committee and headed up the firm's litigation support services practice for several years.
Mr. Berry holds a Bachelor of Arts degree in Accounting from Michigan State University. He is a Certified Public Accountant (CPA), is Accredited in Business Valuation (ABV) by the American Institute of Certified Public Accountants, and is a Certified Turnaround Professional (CTP). He is also a member of the Turnaround Management Association (TMA) and the American Bankruptcy Institute (ABI) and has spoken on various topics for the Michigan Association of Certified Public Accountants (MACPA) and other groups.
Patrick S. Bero has worked for and served clients in the real estate, hospitality, gaming, financial and public sectors for over 23-years. During this time his clients have included: state and municipal governments; large, complex multinational organizations; middle market companies and sole proprietors.
Patrick specializes in providing in-depth strategic services encompassing financial analysis (quality of earnings analysis, pro-forma financial statement preparation, balance sheet / unrecorded liability test work, and valuation estimation); development (feasibility and market studies, budgeting and expense tracking, task tracking and scheduling, human resources recruitment and hiring tracking, and payroll optimization); and existing operations (business analytics and forecasting; productivity and service enhancement initiatives; capital budgeting; and strategic planning) services.
Among other current consulting projects, Patrick presently serves as the Chief Executive Officer and Chief Financial Officer for the Detroit Regional Convention Facility Authority, where he is responsible for all administrative functions of the DRCFA including finance, treasury, risk management, financial reporting, regulatory compliance, legal, lobbying, public relations, and oversight of a $279 million capital expansion and renovation program for Detroit's Cobo Convention Center.
Prior to joining CAG, he served as the proprietor of Strategic Partner Management Consulting (SPMC), a strategy, finance and operations consulting firm based in Metro Detroit since May 2001. Before he established SPMC, Mr. Bero served for five years as both a Senior Consultant and a Manager in the Chicago office of Deloitte. Prior to joining Deloitte, he was a financial analyst with Mirage Resorts, Incorporated in Las Vegas, Nevada where he served for four years.
Mr. Bero is a two-time graduate of the University of Notre Dame where he received a Bachler of Business Administration degree with a concentration in operations and finance and his Master's in Business Administration.
Michael Schostak is an accomplished business leader who has been actively engaged in starting, advising, capitalizing, transacting, and operating companies for twenty-five years. His professional experience spans across industries, geographies and company sizes. He is recognized by his clients, peers, students, colleagues, and constituents for his creativity, attention to detail, financial acumen and thoughtful counsel.
Schostak works with clients across industries and sizes, in the areas of financial analysis and modeling, business planning and strategic analysis, fractional and interim CFO service, valuation, litigation support analysis and testimony, mergers and acquisitions transaction structuring and execution, loan placement, and capital raising.
In addition to his client service, from 2015 to 2019, Michael was a Lecturer of Finance at the Wayne State University - Mike Ilitch School of Business where he taught courses in corporate valuation and financial modeling, and was honored with the school’s annual award for Innovation in Teaching.
Previously Schostak was Director of Corporate Development and Communications at Energy Conversion Devices, Inc., a Michigan-based publicly traded renewable energy company. In that role, Michael oversaw the divestiture of several business units, managed investor relations, and was a key member of the analytical team that prepared for the company’s Chapter 11 bankruptcy filing, 363 sale, and ultimate liquidation in Chapter 7, throughout which he also led internal and external communication.
Michael began his career at Booz Allen Hamilton consulting for the U.S. military and intelligence communities on matters of economic policy, financial analysis, resource planning, and capital budgeting. Michael also spent several years at Lehman Brothers in New York in investment banking, specializing in capital markets transactions and mergers & acquisitions advisory for large technology and real estate companies, and private equity firms.
Michael Schostak is a twice-elected member of the Board of Trustees of Bloomfield Township, Michigan, representing a community of 44,000 residents. In that capacity he also serves as a trustee of the Retired Employee Benefits Trust, and a member of the Election Commission. He is a guest speaker on topics relating to the capital markets, real estate, and corporate transactions and he serves on the advisory boards of the Bloomfield Historical Society and Jewish Community Security Inc.
Schostak holds a B.S. Economics with concentrations in finance, management, and real estate from The Wharton School of the University of Pennsylvania and an MBA from the University of Michigan’s Ross School of Business. He has previously held a Series 7 securities license and a Top Secret clearance with the U.S. Department of Defense.
Gary Hazergian specializes in assisting automotive and other manufacturing businesses with supply chain management, material control and logistics, and procurement and project management services.
Prior to joining Calderone Advisory Group, Mr. Hazergian spent 40 years at Ford Motor Company, where his experience canvassed managerial roles relative to the procurement of production commodities, such as powertrain components and numerous interior and exterior parts and assemblies. He has knowledge in many manufacturing processes that include die castings, injection molding, blow molding, paint, and chroming processes. He has dealt with distressed suppliers, resourcing of parts and tooling, and developed minority suppliers and sourcing in low cost countries.
In addition, Gary specializes in the procurement of non-production commodities. Examples consist of tooling, contract / agency personnel, engineering services, consulting, and aftermarket vehicle accessories. He has championed global procurement policies, such as the procurement process for contract positions at Ford Motor Company. The outputs included creation of one global supplier, global policies, and global competitive compensation rates.
Presently, Mr. Hazergian provides procurement consulting services to a number of large automotive suppliers. His efforts focus on the development of sourcing strategies, negotiation skills, common procurements documents, quotation analysis, supplier performance metrics, supplier partnerships, expansion of the supply base, procurement organizational structure, and general guidelines and purchasing procedures. Gary's teachings and mentoring stress the importance of the processes needed to enhance purchasing roles in supporting business cases and overall manufacturing requirements. His emphasis is for ownership of the commodity, key suppliers as business partners, and managing the supply base by improving performance in areas of cost control, engineering, quality, and delivery.
Gary holds a Bachelor of Arts degree in Marketing from Michigan State University and a Master of Arts in Management from Central Michigan University.
Nicole Calderone serves as the firm’s Chief Administrative Officer and is a shareholder of CAG. Prior to joining the firm, she spent seventeen years working as a Registered Senior Client Associate at Merrill Lynch where she was responsible for providing clients with a high level of service in various operational and administrative areas.
Mrs. Calderone held both FINRA Series 7 and Series 66 designations. Nicole is a graduate of Michigan State University and holds a Bachelor of Science degree in Finance.