David N. Phelps

Lead Co-Managing Member

David N. Phelps is the Co-Lead Managing Member and Chief Operating Officer of Bridge Associates LLC. He joined Bridge in 2002.  Mr. Phelps has nearly 30 years of experience advising companies on strategy, operations, financial restructuring and mergers and acquisitions. Mr. Phelps is also the managing partner of Bridge’s Chicago office.

Representative Matters

• Currently, Mr. Phelps serves as Chief Restructuring Officer and leads the Bridge team serving as bankruptcy restructuring advisor to Provident Royalties, LLC, an acquirer and investor in both producing and non-producing leasehold and mineral interests across the United States.
• Co-heads Bridge's Interim Management Team at International Wire Group and provides direction and operational implementation as the Company addresses the strategic direction it wishes to take with its insulated wire division.
• Serves as Chief Restructuring Advisor to Torch Offshore, Inc., a offshore oil field construction company with $70 million in annual revenues.
• Member of the Bridge Crisis Management for Wickes Inc., a $450 million annual revenue supplier of building materials to the construction and home building industry. In that role, Mr. Phelps headed the Operations and M&A team.
• Co head of the Bridge Crisis Management Team for Conseco Finance Corporation, a sub-prime lender and servicer of mortgage portfolios with assets of approximately $25 billion. In that role, Mr. Phelps was responsible for evaluating and monitoring the sale of substantially all operating assets for in excess of $1.3 billion.
• Member of Bridge's Bankruptcy Advisory Team for Brill Media, a media holding company which owned approximately 12 radio stations and published 54 local newspaper and buyer guides before its Chapter 11 filing in 2002.
• Headed the Bridge Wind Down Team for TransCom USA, a $300 million (pre-petition) heavy duty truck parts distributor roll-up.
• Mr. Phelps has also handled numerous out-of-court engagements, involving, among others an international hosiery manufacturer, a flexible packaging manufacturer, an importer of household goods, a multinational oil field services company, an energy exploration and production company, a national food vending and dining services company, a regional petroleum distributor, and a multinational copper wire manufacturer.

PRIOR EXPERIENCE

Prior to joining Bridge, Mr. Phelps was Chief Financial Officer and a Member of the Board of Directors for TransCom USA, a NYSE company with revenues in excess of  $300 million, engaged in the sale of heavy duty trucks, and the manufacture and distribution of component parts for the transportation industry. In this capacity he sold the non-core Transcom assets through a  §363 auction process, closing 17 domestic and international sale transactions over six months for a total transaction value in excess of $44 million.

Prior to TransCom USA,  Mr. Phelps was a Member of the Board of Directors, Executive Vice President and Chief Financial Officer of Phelps Holding, Inc., a portfolio of privately held companies engaged in the manufacturing and  installation of truck equipment, distribution of transportation components, equipment leasing, commercial and residential real estate. During Mr. Phelps’ 25 years with Phelps Holding, Inc., he participated in significant M&A activity including the acquisition of several companies through the bankruptcy process.