About Zolfo Cooper
There in a crisis
The insolvency and restructuring experts at Zolfo Cooper work on both sides of the Atlantic, with three offices in the United States, five in the United Kingdom and two in the Caribbean. Its U.S. headquarters is in New York City, while U.K. operations are managed from the London office, and Caribbean operations from the Cayman and British Virgin Islands. Since its founding in 1985, the firm has worked on over 800 engagements, offering turnaround consulting, interim and crisis management, performance improvement and cross-border restructuring services to corporations, financial institutions and law firms. Though itâ€™s relatively small in size, Zolfo Cooper has worked for a number of high-profile clients, including Polaroid, Sunbeam, Federated Department Stores, Laidlaw, Malden Mills, Morrison Knudson, Laker Airways and NRG. Recent public assignments include MGM, Flying J, Hawaiian Telcom, Buffets, Cygnus, LandAmerica and TOUSA.
Restructuring is what put Zolfo Cooper on the map, and its directors are frequently called upon to fill clientsâ€™ executive suites on an interim management basis. In 2009, the firm added senior talent and expanded to include financial investigations and dispute services. But Zolfo Cooper also provides corporate finance, litigation and creditor advisory services. Its industry expertise runs the gamutâ€”clients past and present have hailed from the energy, airlines, automotive, media, entertainment, health care, food service, restaurant, retail, manufacturing and distribution, telecommunications, real estate, transportation, shipping and other service sectors.
Just Zolfo Cooper, thanks
Any references to â€œKroll Zolfo Cooperâ€ are outdatedâ€”theyâ€™re leftover from the firmâ€™s six years under the umbrella of Kroll Inc., the New York-based risk consulting giant. Kroll acquired Zolfo Cooper in late 2002 for $153 million in cash and stock.
The relationship ended in November 2008, when Zolfo Cooperâ€™s leadership completed a management buyout. The deal was led, on Zolfo Cooperâ€™s side, by a team consisting of Senior Managing Director John Boken, U.S. Practice Head and Senior Managing Director Joff Mitchell, and Senior Managing Director Scott Winn. Today, Zolfo Cooper is an independent, privately owned firm.
Many people remember Zolfo Cooper for its involvement in the 2001-2002 collapse of Enron; in addition to working on the bankruptcy, firm co-founder and then-Chairman Stephen Cooper was tapped as interim CEO of the energy giant when CEO Kenneth Lay was forced to resign. The assignment was something of a coup, as Cooperâ€”who began his career as an accountantâ€”had little previous experience in the energy sector. He went on to yet another newsworthy gig in 2005, when he led the hot, delicious turnaround of North Carolinaâ€™s Krispy Kreme Doughnuts in 2005.
1114 Avenue of the Americas, 41st Floor
New York, NY 10036
Phone: (212) 561-4000
Employer Type: Private
US Practice Head & Senior Managing Director: Jonathan A. (Joff) Mitchell
2010 Employees (All Locations): 300
New York, NY (HQ)
British Virgin Islands
Corporate Finance and Valuation
Crisis and Interim Management
Forensic, Litigation and Dispute Services