Recovery & Transformation Services
Recovery & Transformation Services

Driving rapid and dramatic performance improvements

Recovery & Transformation Services

Driving rapid and dramatic performance improvements

We help organizations seeking to go from good to great, as well as companies in deep distress and facing insolvency.


Corporate restructuring

Our corporate-restructuring team works with companies facing significant financial and operational challenges, including rapidly deteriorating performance trends, excessive leverage, liquidity concerns, loss of key management or clients, and refinancing risk.

Turnarounds & transformations

We work on the most challenging situations, where the aspiration is a radical, sustainable step up in performance. Whether driven by a challenging market or a sense of untapped potential, our clients have the courage to push their organizations to achieve extraordinary results.


Doug Yakola

Senior Partner, Boston
Brings deep experience in restructuring across industries. Specializes in interim executive roles in organizations undergoing turnarounds. Has...

Jon Garcia

Senior Partner, Washington DC
Founder of McKinsey Recovery & Transformation Services. Leads high-profile corporate restructurings and turnarounds across industries including...

Kevin Carmody

Senior Partner, Chicago
Specializes in corporate restructurings and turnarounds; brings deep experience in financial and operational turnarounds, cash flow enhancement...

Davide Arpili

Partner, Madrid
Leads complex international corporate restructurings, turnarounds, and transformations across industries. Served as chief restructuring officer...

David Brown

Partner, San Francisco
Helps clients with restructuring, including rapid cost reduction, balance sheet optimization, organization design, portfolio alignment, and growth...

Featured impact story

Recreational-services company manages and exits Chapter 11 bankruptcy in 9 months

A US provider of retail recreational services was in the midst of a crisis. Profitability had eroded significantly due to a combination of factors—a decline in consumer interest, along with a cutback in discretionary spending as a result of the economic downturn.

From our blog

Blog post

Picking up signals at Mobile World Congress

– Mobile World Congress is one of the world’s largest technology shows, right up there with the Consumer Electronics Show in Las Vegas, Berlin’s IFA and Taipei’s Computex, as a highlight of the tech calendar.



Keeping transformations on target

– Analysis of high-stakes transformations reveals a few pragmatic lessons that increase the odds of meeting the organization’s objectives.

Why CFOs need a bigger role in business transformations

– CFO involvement can lead to better outcomes for organization-wide performance improvements.

Connect with McKinsey Recovery & Transformation Services