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MACCO Restructuring Group Bolsters National Presence with Notable West Coast and Houston Hires

Published 3 days ago via Business Wire

MACCO Restructuring Group, a leading provider of operational and financial distress advisory services, is proud to announce two significant additions to its team as it enters its sixth year of operation. Founder and CEO Drew McManigle welcomes Reece Fulgham as Managing Director on the West Coast and John Aschenbeck as Director in Houston, further solidifying the firm's commitment to delivering top-tier leadership and solutions to clients nationwide.

"I am delighted to have Reece Fulgham, a former colleague from my Los Angeles days, joins MACCO as a Managing Director," said McManigle. "Reece's extensive experience and proven track record across diverse industries greatly enhance our capabilities. And as we continue to expand our Houston headquarters, I am also pleased to add John Aschenbeck, as a Director and skilled financial analyst to our professional team of business fire experts." McManigle continued, "These key hires strengthen our entire organization, enabling MACCO to continue its award-winning, solution-oriented approach to business restructuring that enables us to ‘put out the fire and protect the stakeholders from getting burned’.”

Based on the West Coast, Managing Director Reece Fulgham brings over four decades of expertise in business turnarounds, interim leadership, operations, and finance, having led fifty engagements both in the U.S. and abroad. Fulgham has held roles such as CEO, CRO, CFO, and Independent Director for middle-market companies, including private and private equity-backed firms, often serving as Board or Committee Chairman. His industry experience spans retail, manufacturing, motion picture distribution, construction, engineering, mechanical contracting, defense, healthcare, technology, and cannabis, where he excels in navigating complex regulatory landscapes. Specializing in stabilizing cash-strapped organizations, Fulgham implements urgent operational and financial restructurings, both in and out of Chapter 11 bankruptcy. His adeptness at managing fraud investigations, regulatory challenges, acquisitions, spin-offs, and asset sales under 11 U.S.C. 363(b) processes has earned him a stellar reputation. A graduate of Texas State University, Fulgham is a former CPA and a licensed cannabis executive in nine states.

John Aschenbeck, based in Houston, joins MACCO as a Director with 12 years of corporate finance experience across interim management, turnaround and restructuring consulting, investment banking, M&A advisory, and private equity. Having advised some of the world's largest institutional investors, Aschenbeck has contributed to over $3 billion in restructuring, capital markets, and M&A transactions. He earned an MBA from the University of Texas at Austin’s McCombs School of Business, as well as a Master’s in accountancy and a Bachelor’s in Accounting with honors from the University of Houston’s C.T. Bauer College of Business.

For more information about MACCO Restructuring Group, visit www.macco.group.

Please note our new office address:

MACCO Restructuring Group, LLC

708 Main Street, 10th Floor

Houston, Texas 77002

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