Drew McManigle, Founder & CEO
Drew McManigle is the Founder and CEO of MACCO, an award winning, national, middle-market business restructuring and business turnaround advisory firm. He has personally led numerous companies through in and out-of-court restructurings. Drew’s global experience extends across a variety of industries, including oil & gas, healthcare, consumer products, agriculture, diverse manufacturing, commercial construction, hospitality and cannabis. Renowned for his plain-spoken leadership style, Drew specializes in navigating the complexities of financial and operational distress to a simplified, cost-effective solution that protects the stakeholders.
During his long career, Drew has held many leadership and fiduciary roles such as CEO, CRO, chapter 11 trustee, receiver, assignee, and independent director. He has represented company, debtor or creditor interests and conducted complex litigation in bankruptcy, state and foreign courts. Drew was one of six initial professionals chosen to serve as a sub-chapter V, small business chapter 11 trustee for the Southern District of Texas, Houston Division and has successfully overseen over 20 small business cases.
After a successful, independent career in business restructuring, Drew formed MACCO with his deeply held belief that businesses in crisis and the people who own and/or manage them should have access to affordable, straightforward solutions. He received his bachelor’s degree from the University of Houston. Drew is often quoted in national publications, and in March 2024, he was awarded the M&A Advisor’s Leadership Award for his significant contributions to the restructuring industry.
Notable Assignments
As Interim CEO and Board Chair, implemented and completed a highly successful 6-month business turnaround of a publicly traded cannabis CPG company. In addition to overseeing comprehensive organizational and financial restructuring, negotiated a $17.5MM term loan; led the development of new brands and products; gained shareholder approval for a 6:1 reverse merger; and recruited and established a diverse, independent board of directors.
As Winddown Manager of a P.E. backed $300M oilfield service company, subsequent to an asset sale, successfully addressed myriad business, legal and winddown issues that resulted in a broad successful resolution and a distribution to the secured creditor.
As CRO of a P.E. backed E&P company, assumed control, filed and led a successful chapter 11, during a market turndown, resulting in a successful sale and confirmed liquidating plan with the secured lender receiving an 86% return on its loan.