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Miles Staglik

Biography

Miles Staglik, 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, balance sheet restructurings, business cost rationalizations, identifying strategic opportunities, debt and equity capital raising, mergers and acquisitions, divestitures, and conducting financial modeling and forecasting. Additionally, Miles has experience working with various governmental agencies through investigations, including the CA DTSC, EPA, FBI, NSB, SEC, and TSSB.

Miles has worked in a variety of industries, including apparel, aerospace and defense, consumer goods, distribution, food processing, restaurants, gaming, lodging and leisure, manufacturing, media and entertainment, publishing, real estate, retail, transportation and logistics, and technology.

In 2020, Miles 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. In 2021, Miles won the 15th Annual M&A Advisor Turnaround Award under the category of ‘Information Technology Deal of the Year’ for his work with Wave Computing.

Prior to joining SierraConstellation Partners LLC, Miles was Director of Corporate Finance at Prime Focus World, N.V., responsible for financial modeling, forecasting and analysis, and identifying and executing capital raising and strategic business opportunities. While at Prime Focus World, N.V., Miles was instrumental in the closing of a $38 million private equity investment from Macquarie Capital, successfully closed a $25 million revolving line of credit with SunTrust Bank and completed a $10 million equity investment from and joint venture with AID Partners Capital Limited, which included opening a Chinese office. Additionally, Miles worked with the operations, sales and marketing teams to implement new and more efficient business strategies to drive profitability and generate new revenue streams.

Prior to working for Prime Focus World, N.V., Miles was an Investment Banking Associate in the Los Angeles office of Cantor Fitzgerald & Co., focused on capital raising and restructuring in the Gaming, Lodging and Leisure sector.

Miles started his career as an Investment Banking Analyst with Imperial Capital, LLC in Los Angeles, focused on restructuring and mergers and acquisitions transactions across various industries.

Miles received a bachelor’s degree in financial economics and accounting from Claremont McKenna College. He is originally from Texas and currently lives in Los Angeles.

Relevant Industry Expertise

   Aerospace & Defense
   Automotive
   Consumer Products & Retail
   Energy, Power & Infrastructure
   Entertainment & Media
   Environmental
   Food & Agriculture
   Gaming, Lodging & Leisure
   Healthcare
   Industrials & Manufacturing
   Real Estate
   Restaurants & Food Services
   Technology & Telecom
   Transportation & Logistics

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Notable Assignments

  • Advising IM Global, LLC, a film distribution and film library company on the restructuring of the business and sale of certain underperforming properties.
  • Advisor and part of CRO team to Wave Computing, Inc. in the Chapter 11 restructuring and sale of the assets. SCP, with the assistance of an investment bank, successfully sold Wave Computing in a 363-auction resulting in a purchase price of $61.7mm, enough consideration to repay all secured and unsecured creditors in full as well as provide a new Exit Facility of about $5mm.
  • Worked with a large family-owned music publisher to identify financial and operational cost savings and improvements. Improved EBITDA from $2.9 million to $7.3 million in 12 months. The Company is on track for an annualized run-rate of $7.5 million EBITDA, even though it is part of a mature and slowly declining industry.
  • Advisor to NORPAC Foods, Inc. (a $350.0 million in annual revenue frozen vegetable cooperative in Salem, Oregon) through a Chapter 11 bankruptcy process. Sold the business free and clear resulting in full repayment to secured lenders and about 40% recovery to unsecured creditors. Daily duties include negotiating with buyers, overseeing the court process, cash management, negotiating with vendors and unions, etc.
  • Worked on the restructuring of American Fish & Seafood, one of the largest seafood processors and distributors in the Western United States. In one year turned a negative $5.0 million EBITDA into a positive $2.0 million EBITDA. Assisted with the sale of the Company to Santa Monica Seafood Company.