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H. Michael Hogan III

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Bio

Meet Michael

Michael leads the firm’s Corporate Finance and Restructuring practices. An accomplished senior-level executive, he has over 30 years of diverse experience in operations, finance and strategy. He specializes in assessing strategic options, stabilizing and turning around underperforming businesses and driving exits, by improving operations and margins, refocusing strategy, negotiating debt structuring/renegotiations, increasing cash flow and managing expenditures with focused leadership and control.

Financially pragmatic, Michael is experienced as both an operator and an advisor, with a long track record of working alongside executive teams, boards, investors, lenders and other parties in interest to improve outcomes. He has extensive experience helping public and private companies with domestic and international operations in a wide variety of industries, including technology (hardware, software, cleantech, biotech, social media, SaaS, ecommerce, semiconductor), telecommunications, manufacturing, distribution, retail, construction and agriculture/wine.

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Experience

Professional History

Associations

  • Turnaround Management Association
  • American Bankruptcy Institute 

Education

  • Colgate University

Experience

  • The Brenner Group
  • Sherwood Partners
  • Regent Pacific Management Corporation
  • Alix Partners (formerly Jay Alix & Associates)
Q&A
Q. What is it about working with exiting companies that first drew your interest?
I decided on turnaround management because I was once at a troubled company and enjoyed the challenge. Too often people call us on the worst day of their professional lives, and there’s a lot of panic. Going through it myself, I learned the right questions to start with to help clients get comfortable in an area most had never seen and prepare them for the process. I also help them build the right plan and avoid making rash decisions.
Q. What was it that drew you to Armanino?
The firm is interested in growing a lot of different business categories that are important to clients – and it’s been a great opportunity to grow and expand a turnaround practice with the ability to leverage the firm’s broader expertise and capabilities to ensure maximum value for my clients.
Q. Without naming names, tell us about your favorite client and why you enjoyed working with them.
I get to become very intimately acquainted with my clients’ businesses, and I once worked with a winery where I needed to live on premise. It was such a tight-knit group that I really got a sense of everyone’s role. Things were troubled, with a communication disconnect between production and marketing. On top of that, agriculture is hard – there are so many factors you simply cannot control for, like weather. But, through trust and collaboration we were able to stabilize the winery, and the owner was able to sell to a new party.
Q. What’s your proudest moment?
Watching my kids grow up and overcome life’s challenges. The successes I see around them and being able to share in that with them.
Q. Who is (or was) the most influential person in your life
My first boss, who was critical in helping me understand how to align with client goals to create success. She taught me to be hyper-inquisitive and collect as much information as possible, as well as the need to focus on results and be flexible on what we could do to help clients.
Q. If you could pass on a nugget of wisdom to aspiring accountants or consultants, what would that be?
Don’t assume anything. Too often people will tell you what they think you want to hear, not realizing that total honesty (even when difficult) is what’s truly needed. Try to see things from the perspective of your client and understand what they are facing.
Q. What do you love most about your work?
Partnering with clients to create the best outcomes out of challenging situations.
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Industries Served
Michael's Thought Leadership
Blog articles
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Building reforecasting into your business habits can help you successfully navigate through disruption and make fast pi...
Blog articles
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When most people hear the word bankruptcy, they tend to think of fear and despair. But often this is not the case. In f...
Blog articles
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Whatever growth stage your business is at, you need to be ready and willing to adapt to a new set of rules and leverage...