Sonoran Capital Advisors is a consulting firm that focuses on corporate finance and accounting support, restructuring, conflict resolution, litigation support, interim management, investment banking and related services. A boutique firm, Sonoran provides highly specialized financial and management services focused on the lower middle market. Sonoran is headquartered in Phoenix, Arizona but services clients across the United States.
Appointed Chapter 11 Liquidating Trustee of name brand, airline focused retail company that filed for bankruptcy in Arizona. Oversaw the wind down of the estate, sold assets, and pursued litigation claims.
Engaged as Interim CFO on the day of bankruptcy filing. Guided company through contentious Chapter 11 filing in Delaware culminating in an asset sale. Continued as CFO for new buyer and assisted in hiring a replacement as permanent CFO.
Engaged as committee financial advisor in Chapter 11 case of an Arizona based wire mesh manufacturer. Assisted in confirmation of full pay plan. Appointed to company board of directors.
Engaged as CRO of Inca Refining / West Bank Land Company, a Louisiana based, defunct oil refinery. Oversaw a contentious chapter 11 bankruptcy case, confirmed a chapter 11 plan over objections, and ultimately sold the company assets to a Taiwanese Multinational company that plans to build a $9.5 billion plastic plant on and around the site.
Engaged by bondholders in a $30 million private recycling company located inside the grounds of the City of Glendale Landfill. Engaged to consult with the City of Glendale to repurpose or liquidate the assets to maximize recovery for the bondholders, Sonoran was ultimately appointed Receiver over the assets with a mandate to liquidate.
Sonoran was engaged as CRO of a distressed regional airline based in San Juan, Puerto Rico. Seaborne was experiencing distress in 2017 and then was devastated by Hurricane Maria. Sonoran battled not only the financial distress of the company but the impacts of the hurricane on travel, accommodations. and electricity during course of its engagement. Ultimately, Sonoran oversaw the filing of a Chapter 11 case in Delaware and the sale of the Company to another private equity backed regional airline.
Sonoran was engaged as CRO of one of the a crypto-currency companies to file for bankruptcy in the United States. Cred, a crypto "bank" filed for bankruptcy in 2020 due to management fraud and mismanagement of certain investments. Sonoran was hired to serve as CRO and also fill interim CFO and controller roles. Sonoran assist in the wind down of business operations, recovery of assets, liquidation of assets, and confirmation of a bankruptcy plan.
Sonoran was appointed by a state court judge to serve as receiver of Grand Canyon Caverns and Inn ("GCCI") to manage and sell the company and its assets in an effort to reduce claims and maximize returns for equity investors. GCCI is a very unique historical asset with retail, food and beverage, hospitality, and tourism operations. GCCI's property consisted of approximately 1000 acres of land adjacent to Route 66 in Northern Arizona. It included the largest dry cave in North America, with over 3 miles of cave trails and one of the world's only "cave hotel rooms." Sonoran managed the operations through a difficult COVID era period and ultimately sold the asset to the Havasupai Nation for a significant return to equity investors .
Sonoran was engaged as financial advisor to Taqnia International, Inc., a US-based investing arm of the Saudi Sovereign Wealth Fund. Taqnia was the sole shareholder of Array Photonics, a semi-conductor developer based in Tempe, AZ. Due to poor management, fraud, and other related causes, Sonoran was engaged to assist in the wind-down and liquidation of Array Photonics - including the pursuit of litigation against certain members of its management team. Sonoran oversaw staff layoffs, plant decommissioning, provided operational accounting services, assisted in audit and inventory of equipment, oversaw sale process, and provided other management services. Sonoran also assisted in providing litigation support services.
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