Industries

Gaming, Lodging, and Leisure Management and Restructuring

During a challenging transition or a leadership vacuum, an interim manager can give a company a fresh perspective and a steady hand to lead daily operations. Whether a gaming business is experiencing liquidity problems due to overinvesting or industry headwinds such as newly legalized online betting in their state, SCP can help. Our industry experts know the gaming sector and the unique challenges these companies face. 

SCP provides premier interim management services. We dig deep and analyze the situation, developing a financial strategy and action plan. SCP works with lenders and can guide executives through a bankruptcy declaration. Our seasoned professionals help lead the company through uncertain times. We offer interim CEO, CRO, COO, CFO, and floor-level management focused on company operations and processes.

Leisure Industry Financial Restructuring

If a leisure business is experiencing a sudden revenue drop or cash flow problems, it may need financial restructuring. Inflation concerns may have curtailed travel and kept customers away from theme parks and ski resorts. There may have been an off-season slowdown that the business hadn’t planned for. The company may have attempted to expand its offerings too quickly and is now having liquidity issues. 

SCP’s team of former executives, private equity investors, and investment bankers work closely with leisure companies to reorganize financial assets, change their business portfolios, or suggest changes in ownership to increase overall value. They can also lead companies through difficult situations, such as a lender’s default notice, a reduction in force, or a lawsuit.

Lodging Industry Turnaround Management

Is a lodging business you’re involved with in trouble? They may require turnaround management services. Whether a small motel or a sprawling resort complex, these businesses are vulnerable to inflation concerns and extreme weather events. They may have mounting debts, or the CFO has left. The company’s stock may have declined, and investors want to hire an advisory firm to learn why and turn things around.

What are turnaround management services? They help struggling businesses to be profitable again. As part of a turnaround strategy, a financial consultant may reorganize a company’s finances, leadership, and daily processes for greater efficiency and long-term profitability.

Our extensive understanding of the restructuring process enables us to solve even the most challenging situations. Our experienced team of lodging industry professionals leads the company toward a sustainable solution.

Gaming and Lodging Industries Performance Improvement

The gaming and lodging industries face fierce competition. Companies in these sectors must always be at the top of their game to remain competitive. To be successful, they must optimize operational efficiency and performance. If a lender has lost confidence in an organization or investors are concerned about profits, it may be time to hire a financial consultant.

Have operating costs increased? Is the company keeping up with industry trends? SCP does a comprehensive assessment and designs a strategic plan that addresses these issues to help bring a company back to sustainable profitability. We use various tools and techniques to streamline operations and improve performance. SCP leverages data analytics for actionable insights to guide strategic business decisions. We then work alongside the team to implement the recommended changes.

Leisure Industry Services Talent & Culture

Businesses like theme parks, ski resorts, and other seasonal facilities often face high turnover. The most crucial aspect of an organization is its team. A company might require talent and culture management services, especially during a transition, such as a merger or acquisition. Whether you’re a business owner, executive, shareholder, or lender, you may be uncertain if the current team can successfully navigate such a change.

As premier leisure industry consultants, SierraConstellation Partners helps companies analyze and restructure their company culture and develop competitive compensation packages for optimal employee retention. We can also determine talent gaps and help with recruitment efforts to build a robust and purpose-driven team.

SCP Makes the Gamble Pay Off So You Can Rest Easy

Discover how SierraConstellation Partners works seamlessly with gaming, lodging, and leisure executives to help companies navigate challenging transitions. Contact SCP today and take the first step towards financial stability and success.

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Gaming, Lodging & Leisure Industry Team Members

Christian Sorensen

Senior Director

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Christian Sorensen

Senior Director

Los Angeles, CA

BiographyNotable AssignmentsMedia & Awards

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Industry Expertise

Christian Sorensen, a Senior Director at SierraConstellation Partners, provides operational and financial restructuring and advisory services to both underperforming companies and companies in transition. He has experience with in- and out-of-court restructurings, operational turnarounds/improvement, balance sheet restructurings, debt and equity capital raising, mergers and acquisitions, divestitures, and conducting financial modeling and forecasting.

Christian has experience in a variety of industry verticals, including: aerospace and defense; agriculture; automotive; business services; consumer; food and beverage; healthcare; gaming, lodging and leisure; industrial and manufacturing; media and entertainment; oil and gas; restaurants; retail; technology; and transportation and logistics.

Prior to joining SCP, Christian worked at Sun Capital Partners, an operationally-focused middle-market private equity firm that invests in companies that are operationally challenged, experiencing an industry or business transition, undergoing a corporate divestiture, or managing rapid growth, with over $9 billion of capital under management. At Sun Capital Partners, Christian focused on analyzing control equity investment and divestiture transactions, and actively worked with executive management teams to drive performance improvement of portfolio companies. Prior to Sun Capital Partners, Christian worked at the investment bank Imperial Capital, where he focused on restructuring, financing, and M&A transactions.

In 2019, Christian won the M&A Advisor’s Annual Turnaround Award for Restructuring of the Year of between $25-$50 million for his work with the Cranberry Growers Cooperative.

In 2021, Christian received the M&A Advisor’s Emerging Leader Award, which recognizes leading M&A, financial and turnaround professionals who have reached a significant level of success while still under the age of 40.

Christian holds an Honors Business Administration degree from the Richard Ivey School of Business at the University of Western Ontario, where he graduated with Distinction.

  • Financial advisor and part of team that served as Chief Restructuring Officer to cooperative of cranberry growers, which successfully implemented a Chapter 11 Plan of Reorganization. SCP's solutions identified and implemented operational changes to reduce costs by over 20% and improve production yields by over 10%, while providing secured lenders full recovery. The transaction also received a Turnaround Award by The M&A Advisor for restructuring of the year.
  • Financial advisor and part of team that served as Chief Restructuring Officer to agriculture and commodities company during its Chapter 11 bankruptcy restructuring. Executed an orderly sale of all inventory, monetized certain contract assets, and sold individual operating facilities via court-approved Section 363 asset sales to maximize recoveries.
  • Financial advisor to consumer packaging business with over $140 million of indebtedness following events of default. Developed and implemented cash management solution, identified operational changes to reduce working capital accounts and increase cash conversion, and provided strategic review of alternatives.
  • Financial advisor to diversified manufacturing company with prior year revenue of over $700 million, including developing plant idling plans and identifying and implementing operations changes to reduce quarterly cash burn by over $5.0 million, while achieving a successful refinancing.
  • Worked with leading global manufacturing company on key operational enhancement initiatives to generate over $30 million of EBITDA improvement, and sell non-core assets.
  • Led approximate $100 million acquisition of North American manufacturing company. Worked with executive management teams to identify cost savings and synergies across various departments to enhance EBITDA by approximately 50%.
  • Evaluated in- and out-of-court restructuring alternatives to maximize shareholder value for an aerospace company. Negotiated senior debt purchase, and subsequent stalking horse purchase agreement and credit bid in a Chapter 11 §363 asset sale.
  • Closed over $7.0 billion of restructuring, financing and M&A transactions.

Awards