J.T. Price is an operating and financial executive with over 10 years of experience in consulting (with McKinsey & Company), line management (at various middle-market companies), and principal investing (with the New York-based private equity firm Three Cities Research). Along with his broad operating experience, J.T.’s legal background and transactional experience provide him with special insight into the places where operations, finance, organization, and legal issues intersect. He has acted as chairman of the board of a software company and served as interim chief executive of a manufacturing firm. J.T. joined Porter, White & Company in 2009 to help the firm’s clients address the special operating and financial challenges often associated with significant change in the business, financial distress, or preparation for a transaction. He is equipped to serve clients in either an advisory or interim management role, and in addition has broad exposure to sources of debt and equity capital for private companies.

Professional Background. J.T. joined Porter, White & Company from the New York-based private equity firm Three Cities Research, where he was a Principal focused on transforming struggling portfolio companies into profitable enterprises. J.T. spent over 5 years at TCR, including spending a year as the interim chief executive of a portfolio company that manufactures equipment for the landscape industry.

During his year as interim chief executive of the manufacturing firm, J.T. drove a turnaround from negative earnings to 10% EBITDA margins, successfully refinanced over $20 million in debt, and reduced SG&A by 22% while increasing sales by 8%. J.T. returned to a board oversight role after successfully recruiting a permanent CEO, CFO, and VP of Sales.

J.T., as chairman of the board of directors, also led the successful 2009 sale of a TCR portfolio company engaged in providing software-as-a-service. J.T.’s other key experiences at TCR include co-leading the sale of a waste disposal company in the western United States; sourcing, negotiating, closing, and implementing a 2009 add-on transaction that allowed TCR’s landscape equipment manufacturing firm to enter a new market with minimal upfront cash investment; and participating in the successful pre-packaged bankruptcy of a major US big box retailer.

Before joining TCR, J.T. was Vice President and Head of Global Supply Chain at a manufacturer of buses with facilities in the US and Europe. During his time in this role, J.T. and his team were able to deliver over $3 million in EBITDA improvement in a cash-constrained environment. (Later, Don DeMetz of Porter, White & Company was able to facilitate a successful sale of this Company while acting as interim CFO.)

From 1999-2003, J.T. was an Associate and then an Engagement Manager in the Charlotte office of management consulting firm McKinsey & Company. J.T. was Engagement Manager for over 10 projects in the manufacturing, transportation, banking, agri-business, and non-profit segments. J.T.’s McKinsey experience includes leading a team that developed and implemented purchasing improvements and back office rationalization producing over $10 million in EBITDA improvement for a $200 million business; providing day-to-day management of a major effort that helped a leading US charity restructure after a series of financial and public relations challenges; and leading a McKinsey-client team that developed and oversaw implementation of a go-to-market strategy that helped a global agribusiness firm grow US market share against lower-cost competitors in a stagnant market. J.T. also managed pro bono engagements for the Charlotte-Mecklenburg Schools and the Court System of the Commonwealth of Massachusetts.

Professional Interests. J.T.’s private equity background gives him wide experience in valuing potential acquisitions, executing acquisitions and divestitures, planning and executing post-merger integration, and sourcing both debt and equity capital from a variety of sources.

At Porter, White & Company, J.T.’s focus is on assisting clients facing operational or financial challenges that are outside the norm. This may include advising clients on a consulting basis or stepping into an interim management or restructuring leadership role. J. T. has broad sector and functional experience, with special expertise in the manufacturing, logistics, and business services segments.

In addition, J.T. has significant experience in preparing companies for the rigors of a capital-raising process, and in positioning companies to generate attractive valuations upon sale.

Ideal clients include companies that are in financial distress or require restructuring; companies that are contemplating a sale or other liquidity event and require assistance in preparing for that process; or companies that are attempting significant change, such as an acquisition. Companies that are facing unexpected leadership transitions are also candidates for J.T.’s services. J.T. also has significant experience providing objective outside strategic advice to closely-held corporations that are seeking a fresh perspective on how to grow an already-strong business.

Educational Background. J.T. received his BA, summa cum laude, from the University of Richmond. He earned his JD, cum laude, from Harvard. After graduating from Harvard Law School, J.T. served for one year as law clerk to a federal judge in North Carolina, and was admitted to the Bar in Georgia.