Covendium Announces Launch of Consulting Practice, Led by Jonathan Gorman, Managing Director

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Jonathan Gorman, Managing Director of commercial debt resolution firm Covendium, will lead its new consulting practice.

Covendium Consulting Services’ mission is to provide real-time, affordable ‘nuts and bolts deliverables’ that quickly help Covendium Resolution clients—and any struggling business in need—convert operating losses into right-sized profitability

Covendium, the nation’s largest debtor-side commercial debt restructuring and advocacy firm, announces the launch of its consulting practice, to be lead by Jonathan Gorman, who has been promoted to Managing Director as he assumes his new responsibilities.

Covendium Consulting Services will provide general management consulting, turn-around support, valuation services, litigation support and merger and integration services.

Mr. Gorman has worked as a senior financial executive for some of the most admired companies in the world, including Ford Motor, Honeywell and GE Capital. Throughout his career, Jonathan has accepted technically challenging roles in companies engaged in the manufacturing, services and other key business sectors that required a hands-on leader to improve their operational and financial effectiveness of troubled acquisitions and underperforming business units.

“Jonathan came to Covendium as our CFO and COO to help develop the infrastructure and strategy needed to fuel our rapid national growth,” remarks Gregg Grauer, Chief Executive Officer of Covendium. “Jonathan’s tireless efforts have enabled us to successfully launch Client Watch, Covendium’s proprietary client management and resolution analysis system; Covendium’s innovative Emotional Support Program; and a powerful national marketing platform. Grauer added: “We are very pleased that Jonathan will be creating and leading a platform that will deliver professional financial and operational business consulting services directly to existing Covendium clients who can reap immediate financial benefits from Jonathan’s wealth of experience. Covendium Consulting Services’ mission is to provide real-time, affordable ‘nuts and bolts deliverables’ that quickly help Covendium Resolution clients—and any struggling business in need—convert operating losses into right-sized profitability.”

John Douglas, Managing Director of Client Development, will assume the role of Chief Operating Officer, enabling Covendium to ensure that every client receives the service and responsiveness Covendium clients expect.

Mr. Gorman is a licensed Certified Public Accountant in Florida and Illinois, a member of the AICPA Forensic and Valuation Services section, and has been appointed to the Valuation, Forensic Accounting and Litigation Support Conference Committee by the Florida Institute of CPAs. Jonathan is a passionate advocate of small business and entrepreneurialism and has been identified by the National Entrepreneur Center as one of the 100 most engaged community and business leaders in Central Florida.

For more information about Covendium’s new consulting practice, or any of Covendium’s products or services, call them at (407) 284-4000, or view them on the web at http://www.covendium.com.

About Covendium
Covendium specializes in comprehensive commercial debt resolution and restructuring for clients whose financial model has been destroyed by debt service payments that have become unsustainable.

For some clients, all they need is an experienced negotiator to provide their lender with the reality of the financial situation and the tool-set to restructure their obligations. For other clients, Covendium may assist in the replacement of the debt from a bank to a private funding source.

Their team of professional advisors has successfully restructured billions in transactions, with dozens of banking institutions (including major national, regional and community banks) and over 30 separate non-bank financial counterparties.

Bad things happen to good people. Covendium is a premier national debt resolution firm that helps their clients with everything from commercial foreclosure to debt management to commercial debt restructuring to private debt payment.

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Jonathan Gorman
Covendium
(407) 284-4380
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