Steven Nerger joined Silverman Consulting in 1988. Over the past 30 years, he has consulted on the turnaround of numerous clients, ranging in size from $2 million to over $1.5 billion, in diverse industries such as: manufacturing and processing, distribution, general contracting, graphics arts/commercial printing, food and agriculture, retail, education, building products and home improvement, and construction among many others.
Mr. Nerger assists his clients by developing consensual corporate strategy plans with management, guiding analyses such as customer profitability and business viability, assisting with short and long term cash management, negotiating with senior lenders and vendors, and implementing detailed turnaround initiatives including pricing enhancements, expense reductions, and plant consolidations to create staying power for the business.
In addition to his turnaround efforts, Mr. Nerger has had significant experience with bankruptcy matters and has managed numerous liquidations including serving as the assignee for the benefit of creditors for companies that have ranged in size from $5 million to over $125 million. He has served as the Chief Restructuring Officer (“CRO”) for a number of companies. He has also acted as a Chapter 11 trustee and oversaw the wind down and sale of over 150 locations of a building products and home improvement chain resulting in the pay down of over $250 million in debt. In addition, he has served as the receiver for a number of businesses including, a 628-unit apartment complex, a $10 million steel fabrication and erection business, a $4 million packaging-related company, and the limited financial receiver for a $45 million scrap metal recycler and processor.
For six years prior to joining Silverman Consulting, Mr. Nerger was with Arthur Andersen & Company, Chicago, in the small business division performing audit and tax work.
Mr. Nerger, a CPA, received a Bachelor of Business Administration in Accounting from Loyola University of Chicago.