Larry Hennessy, CTP
Larry is a Senior Consultant at MorrisAnderson, previously one of the firm’s Principals, who has returned from a leave of absence. Larry previously managed the St. Louis office, overseeing all client engagements and business development projects there including being the firm’s strategic leader for U.S. Bank.
Before joining MorrisAnderson, Larry was CFO for six privately held manufacturing companies in printing, direct mail, flavor manufacturing, plastic injection molding and wire-display manufacturing. Additionally, Larry spent six years working in financial operations analysis at International Harvester and four years as a controller at a privately held manufacturer.
Larry is a Certified Turnaround Professional (CTP). He received his MBA from Southern Illinois University and holds a Bachelor’s degree in Accounting.
For more than 20 years Larry has specialized in business turnarounds, crisis management, restructurings in and out of court, and financial analysis for family and investor-owned middle-market businesses. He emphasizes cost reduction, cash management and profit improvement. Larry has served as President, CRO, CEO, CFO or Senior Vice President on more than 35 consulting assignments for companies with $10 million to $800 million in annual revenue.
Larry also developed MorrisAnderson’s highly successful Executive Mentoring program, which is predicated on best practices in cash management and profit improvement.
Larry’s industry expertise encompasses the fields of automotive and trucking, restaurants and food processing, business services, metal stamping and molding, residential and commercial building products, ethanol processing, television, radio and print media, consumer products, and plastics.
REPRESENTATIVE WORK EXPERIENCE
- Led a dramatic turnaround for an automotive supplier including significant cost reductions, successful placement of a new President outside of the 3rd generation family, price increases to Tier 1 suppliers and a new computer system implementation
- Directed EBITDA improvements in excess of $1 million per month for a manufacturer of mineral wool insulation with five plants and monthly sales of $5 million
- Led a dramatic turnaround for a catalog business with annual EBITDA improvements exceeding $15 million