Rob Stelzer

PartnerGrant Thornton LLPInsolvency & Restructuring

Rob Stelzer is a Partner with the Restructuring practice at Grant Thornton. He acts as financial advisor, proposal trustee, receiver or trustee for distressed businesses undertaking a restructuring, or in an insolvency proceeding.

Rob Stelzer is a Partner with the Restructuring practice at Grant Thornton. He acts as financial advisor, proposal trustee, receiver or trustee for distressed businesses undertaking a restructuring, or in an insolvency proceeding.

Rob assists both solvent and insolvent businesses in preparing financial models which help clients forecast their future cash flows and are often provided to lenders in support of a request for financing. Rob has also acted as a financial advisor on several high-profile Canadian insolvency proceedings.

Rob graduated in the top 10% of his class at the Smith School of Business at Queen's University and spent the first 3 years of his career at Ernst & Young. Before specializing in restructuring, Rob worked as Senior Financial Analyst at JumpTV (an internet start-up listed on the TSX) and later as a Financial Manager at EllisDon Corporation, a large Canadian construction firm.

Education

  • Queen's University, B.Comm., 2003

Accreditations

  • Licensed Insolvency Trustee ("LIT"), 2011
  • Chartered Insolvency & Restructuring Professional ("CIRP"), 2011
  • Chartered Accountant ("CA"), Canadian Institute of Chartered Accountants, 2006

Experience

  • Proposal Trustee of Foodora Inc., a food delivery service operating across Canada. Rob worked with the management team and their counsel to navigate a number of complexities including the need to have a virtual creditor’s meeting due to COVID-19. Foodora’s proposal allowed Foodora to exit proposal proceedings quickly and resulted in a very high dividend for creditors.
  • Financial Advisor to a lending syndicate for an international food distribution company. Rob provided financial advice and analysis which assisted the lenders in negotiating a revised credit agreement which protected the lenders’ positions and avoided a liquidation of the company.
  • Engaged as financial consultant by a Caribbean based conglomerate. Rob worked led a team which prepared a financial model which forecasted the income statement and cash flows of the business which had 21 separate operating divisions. The model assisted the company with its restructuring efforts.
  • Court appointed receiver of an international technology company. Rob oversaw the recovery and sales process of international assets, appeared in the New York courts as the authorized foreign representative, and worked with counsel on a forensic investigation.
  • Financial advisor to the Superintendent of Financial Services representing the Ontario Pension Benefit Guarantee Fund in the Sears Canada Inc. CCAA proceedings.
  • Financial advisor to Representative Counsel for the non-union retirees and active employees of U.S. Steel Canada Inc. (a.k.a. Stelco).
  • Engaged as a financial consultant to a large technology company. Rob prepared an integrated financial model which forecasted the income statement, balance sheet and cash flows of the business; the model assisted the company and its lender understand a complex revenue stream and the resulting implications on the company's strategy.
  • Financial advisor to the Superintendent of Financial Services representing the Ontario Pension Benefit Guarantee Fund, a major stakeholder in CCAA/Chapter 11 filings by Nortel Networks.

Associations

  • Board Member of the Turnaround Management Association, Toronto Chapter ("TMA")
  • Member of Chartered Professional Accountants of Canada
  • Member of the Canadian Association of Insolvency and Restructuring Professionals