SageGroup To Expand By 100-Plus Specialists

SageGroup Strategies, a restructuring firm, plans to hire 40 troubled-company experts and 75 financing specialists as either independent contractors or full-time employees over the next 12 months. The hires are part of the company's yearly expansion, said Larry Lindsey, managing director at the firm's national coordination office in Alameda, California. Also influencing the decision to expand the team is the huge number of companies that have hit tough times during the economic downturn.

SageGroup is specifically interested in professionals that have worked with at least five to 10 troubled companies. The firm is also looking for professionals with experience in debt, equity, off-balance sheet or internal financing, Lindsey said.

SageGroup recently opened a Milwaukee office, and will open a New York office within a week. SageGroup has over 600 specialists, including financing and financial experts, troubled-company experts and turnaround experts.