Founding Member and Managing Director
Mr. Pratt brings more than 30 years of experience as an independent director, senior executive, receiver, expert witness, and business advisor. Mr. Pratt’s career highlights include:
Served as a court-approved receiver. Mr. Pratt was responsible for evaluating the feasibility of existing business models, setting strategic direction, and executing a course of action in more than a dozen cases within the energy and hospitality sectors in Ohio, Georgia, and Michigan. As a Receiver, Mr. Pratt played an active role in sale transactions involving non-operating assets, operating assets and distressed real estate.
Engaged or admitted as an expert witness. Mr. Pratt has developed opinions regarding lost earnings, lost profits, and valuation in industries such as energy, technology, and transportation. Mr. Pratt has authored several expert reports and has testified in the jurisdictions of the Stark County Court of Common Pleas, the U. S. Bankruptcy Court Northern District of Ohio, Eastern Division, and the Erie County Court of Common Pleas.
Led forensic accounting and valuation matters. Mr. Pratt’s background in this area includes investigating fraud, preferential transfers, management improprieties, money laundering, supplier kickbacks and financial accounting and auditing matters. Mr. Pratt also performed investigations of Ponzi schemes exceeding $100 million of value. He has completed numerous enterprise valuations for businesses, and has advised companies in the agriculture, banking, chemical, energy, equity funds, and metals industries on complex forensic accounting and valuation matters.
Served as an Independent Director or Interim Executive. Mr. Pratt has served as an Independent Director of distressed companies in the Oil & Gas Exploration & Production sector, Mid-Stream Oilfield Services sector, and Information Technology industry. He has also served as Interim CEO of an Environmental Services company as well as CRO of a Residential Home Construction company.
During Mr. Pratt’s early career, he served as a Senior Manager for Deloitte & Touche LLP’s Financial Advisory Services group in Cleveland. Prior to this role, he worked for the Marathon Oil Company and its subsidiaries, where he conducted audits of domestic and international exploration and production properties and performed financial analysis for the supply and transportation components. He also worked in oil and gas downstream accounting and operations. In these areas, Mr. Pratt dealt with inventory, supply, transportation, product exchanges, and branded retail sales and operations matters.
Mr. Pratt is a graduate of Cedarville University (Bachelor of Arts in Accounting, 1987) and earned a Master of Business Administration degree from Bowling Green State University in 1996. Mr. Pratt is a Certified Anti-Money Laundering Specialist and a Certified Insolvency & Restructuring Advisor. He has lectured on financial topics and has authored the article, “Retail Petroleum: Buy, Sell or Hold?” Buy Lease Build – Ohio Edition, Volume III, Issue 2. Mr. Pratt is an Associate Member of the Cleveland Metropolitan Bar Association, a member of the Turnaround Management Association and the Cedarville University Alumni Association.