Reece A. Fulgham, Managing Director
Reece Fulgham is a Managing Director for MACCO based on the West Coast. He has over 40 years of business turnaround, interim leadership, operations, and finance experience across fifty engagements both domestically and internationally.
He has served as CEO, CRO, CFO and Independent Director to both private and private equity owned middle-market company Boards of Directors, including acting as Board or Committee Chairman. His broad industry experience includes cannabis, retail, manufacturing, motion picture distribution, construction, engineering, mechanical contractors, defense, healthcare and technology.
Reece focuses on leading companies through financial and operational restructurings, specializing in stabilizing organizations with limited liquidity by implementing urgent operational and financial restructurings both in and out of chapter 11 bankruptcy proceedings. He is highly adept at navigating complex challenges, including fraud investigations and regulatory issues. Reece has been instrumental in approving multiple acquisitions and spin-offs, as well as facilitating successful sales of companies or assets through 11 U.S.C. 363(b) sales processes. He has also served on multiple compensation, legal/compliance, investment and restructuring special committees
Prior to MACCO, Reece led prominent engagements independently across the US. He attended Southwest Texas State University, held a Certified Public Accountant license and has been a fully licensed cannabis executive in California, Arizona, Nevada, Texas, Illinois, Florida, New York, Massachusetts and Pennsylvania.
Notable Assignments
Served as Interim CEO of a large vertically integrated, five-state cannabis MSO with over 50 medical and adult-use dispensaries which was facing massive annual negative cash flow, limited liquidity and management attrition. Drove the path to profitability after deployment of underutilized production capabilities, significant cost reductions, lab enhancements, marketing and product realignment.
As CRO of a multi-state cable, internet and telephone company, led an extended Delaware Chapter 11 effort resulting in the company and its affiliates successfully confirming a plan and emerging from bankruptcy.
As Chairman of the largest underground downtown parking garage in the country, led the turnaround and sale of a large infrastructure development and 99-year parking infrastructure concession agreement with the City of Chicago.
As Advisor to a 16-member institutional lender group to restructure over $500M in debt owed by a nationally recognized video rental chain, guided lenders in completing payoff prior to the company’s ultimate collapse.