Maximizing cash flow and managing risk to enhance an organization’s
financial health and value.
Identifying shortcomings, evaluating options, and implementing tools to help businesses reach their full potential.
Bridging gaps by delivering effective, timely, and productive solutions
to benefit all stakeholders.
DWH is a group of highly accomplished financial and business professionals helping closely-held businesses maximize value, opportunities, and outcomes. DWH provides clients with advanced assessment protocols, decision-making support, and implementation tools in situations requiring business and financial advisory services, including ownership transition and succession planning, and turnaround and restructure.
DWH’s distinctive philosophy of maximizing value for all stakeholders leads to outcomes that benefit not only business owners but employees, vendors, lenders, and entire communities.
Doug Wilterdink has more than 35 years of experience in corporate finance, public accounting, management consulting, restructuring and turnaround, and other transition situations. Doug earned his B.A. from Michigan State University and is a Certified Public Accountant (non-practicing). He founded DWH in 2006 and currently serves as a Managing Partner.
Doug has led restructure and turnaround situations as an employee (CFO and CEO), as an entrepreneur, and as an outside advisor. Following his employment with an international public accounting firm, he took a financial management position with a company that was part of a family-owned portfolio. That evolved to leading turnaround and M & A activities for a number of companies in the portfolio. Doug used this experience to then purchase a distressed company, which he turned around and eventually sold. This turnaround involved significant changes in strategies and tactics, recapitalization and refinancing, developing and implementing improved forecasting, financial reporting and other controls, as well as other business development and operations improvement initiatives.
Doug applies his hands-on experience to each unique client situation, taking into account all the stakeholders affected by a transition situation. He is able to understand, from an entrepreneurial standpoint, all the business items an owner and manager has to think about, including financial management and modeling, contractual relationships, operations, international practices, and corporate administration.
In addition, Doug is active in many professional and community organizations including being on the Board of the YWCA West Central Michigan and past President of the West Michigan Turnaround Management Association.
Remos Lenio has a background in corporate finance where he has over 25 years of experience representing buyers and sellers of businesses and clients seeking financing. After receiving his M.B.A. from the Ross School of Business at the University of Michigan and a B.S in Business from Central Michigan University, Remos began his professional career in the workout division of a large money center bank, which was established to resolve troubled oil and gas credits originated by the Penn Square Bank. He next served in the merchant banking division of a regional bank that was established to invest in the equity of troubled or underperforming companies. From there, Remos became the CFO of a troubled holding company where he was responsible for winding down the troubled divisions and selling the healthy divisions. Subsequently, he worked in the corporate finance division of a regional accounting firm where he was responsible for the west Michigan practice from where he left to form Hartwick Capital, a boutique merchant bank, which merged with DWA to form DWH in 2009.
Remos is an accomplished and experienced transaction specialist having significant experience with mergers, acquisitions, purchase, sales and buyouts of privately held companies, recapitalizations, startups, and valuations of companies by and for investors across many industries, including manufacturing, distribution, agriculture, service, and energy. He brings his expertise to DWH clients as he assists them with transactions, investments, capital sourcing, company portfolio management, and valuations.
As a Managing Partner, Remos is very hands-on and is personally involved with many projects, advising well over 100 companies with regards to their sale, purchase, or financing options, and performing hundreds of valuations both for internal use and as finished work product for clients. Much of his work is with clients going through transition – helping them to recapitalize or reposition for a future under different ownership or with different capital partners supporting their growth. He has also been a part of structuring deals to assist with generational transitions.
Phil Blanchard, CFA has extensive experience in the capital markets as a Senior Vice President and Managing Director in the investment banking, merchant banking, and investment management industries. Phil received an M.B.A. from Columbia University with a triple major and a B.S. in Business Administration from Central Michigan University, and also holds the Chartered Financial Analyst certification. His expertise is in the areas of creative financing and deal structures, as well as investment analysis.
Phil currently serves as a Managing Partner of DWH, where he works with companies that are experiencing growth or distress thereby requiring some form of financial restructuring. He provides valuation analysis, balance sheet restructures, purchase or sale structures, and advises on acquisition and turnaround transactions. He typically is involved in our engagements that require a distressed sale effort concurrent or in lieu of a liquidation/wind-down situation. He also works with clients to help find and evaluate potential acquisition opportunities.
Rabih Jamal, CTP has 10 years of experience in business leadership and management. With an M.B.A. from Grand Valley State University and a B.S. in Engineering from The University of Michigan, he serves as a Managing Partner at DWH and holds the Certified Turnaround Professional designation.
Rabih worked as an engineer for a tier-one automotive supplier for two years before pursuing his entrepreneurial interests. He purchased a distressed business, which was successfully turned around, and which he continues to own. Hard work, discipline, and attention to employing best business practices contributed to the successful turnaround. These attributes are now combined with DWH protocols and personnel to assist our clients with their challenges.
While at DWH, Rabih has focused on business consulting, including managing client turnarounds, wind-downs and exits, strategic and tactical planning, debt and capital restructuring, and succession/transition planning. He has served in advisory as well as interim management roles where he assumed responsibility for day-to-day leadership and management challenges. He has also assumed responsibility for much of the leadership and day-to-day management of DWH.
Rabih is involved with Grand Valley State University’s Seidman School of Business Alumni Board, the Grand Rapids Symphony-Symphony 360 group, and is a part of the Spectrum Health Foundation Fundraising Committee.
As a Managing Partner at DWH, Kirk Koeman has 15 years of experience in various areas of business including commercial banking, new business creation, project management, business development, financial management, and business turnaround. He holds a B.B.A. in Finance from Grand Valley State University and is skilled in strategic and business planning from conceptualization to implementation.
Kirk’s focus is on assisting clients with improving operating performance, financial analysis and restructuring, strategic and tactical planning, and systems evaluation and plan implementation. He often works with clients on their strategic business direction and assists them with problem solving by facilitating open communication with stakeholders.
Although his focus began with distressed business consulting and company turnarounds, Kirk has most recently been engaged in long-term interim management roles within family-owned companies in the process of transitioning the business from generation to generation. In this team lead role he specializes in building long-term client relationships by utilizing firm talent to address client needs throughout their business cycles.
More Team Members
Turnaround & Restructure
Succession & Ownership/
Restructuring events and financial distress can create difficult challenges for even the most experienced leaders. At DWH we rely on unique assessment, modeling, and forecasting methodologies to provide clear, objective decision-making support to client companies experiencing business challenges. We focus on maximizing business value and working to maximize cash flow, with an emphasis on working cooperatively to avoid unnecessary deterioration in company value. By considering all stakeholders, DWH often avoids common conflicts associated with turnaround, restructure, and liquidation situations.
Ownership succession can be complicated and emotional – DWH helps businesses prepare for seamless ownership transitions, assisting owners as they develop and implement succession strategies to maximize the company’s long-term cash flow and manage risks. Key planning initiatives include identifying an owner’s personal and business needs, developing actionable plans, and assessing potential successors. We employ a team approach to helping family-owned businesses realize both business and family success, assessing and analyzing the specific challenges and opportunities they face. We aim to create effective and cohesive business solutions while strengthening family unity and harmony.
Marketing & Sales
Helping leaders create systems to measure sales performance and ensure the marketing and sales plan delivers intended results.Learn More
Strategic and tactical planning support to improve productivity, expand efficiencies, and enhance overall organizational success.Learn More
Mergers & Acquisitions
A comprehensive array of M&A advisory services for both buyers and sellers of middle-market private and public companies.Learn More
Capital sourcing (debt and equity financing) for both publicly held and privately owned businesses to help clients achieve their objectives.Learn More
Comprehensive array of property management and receivership services to preserve or increase the asset value of income property.Learn More
Expert project management support to clients in the private, public, and nonprofit sectors.Learn More
Operations Performance Improvement
Ensuring operations positively impact the bottom line through improved resource utilization, information quality, and decision-making.Learn More
Evaluating internal financial controls and records to identify gaps that impact the accuracy of financial reporting and future transactions.Learn More
Filling gaps in executive leadership to provide high-level management while longer term decisions and solutions are being made.Learn More
Valuation analyses for tangible and intangible assets, taking into account unique business attributes that influence market value.Learn More
Wind-down & Liquidation
Preserving value during a wind-down or liquidation, with a focus on doing what is right for all stakeholders during a business closure.Learn More
Receivership & Bankruptcy
Managing distressed companies under the oversight of courts in both bankruptcy and receivership situations.Learn More
Assisting in the implementation of recommendations – from general advice and oversight to taking on management roles.Learn More
Financial Modeling & Analysis
Providing cash management and forecasting information to improve cash generation and liquidity position through better decision making.Learn More
Identifying risks, evaluating financial and operating strengths and weaknesses, and assessing internal and external factors.Learn More
By maximizing value for all stakeholders – rather than simply protecting the interests of a select group – DWH delivers comprehensive, productive, and focused solutions to create a strong foundation for future success.
DWH realizes that vibrant local communities are built around the businesses in the area. By assisting companies with strategies to remain viable and growing, we help ensure the current and potential value created by those companies remains in the local marketplace and supports the community.
DWH works with an extensive network of financial advisors, lenders, and investors. We can serve as a liaison to facilitate communication and help align a company’s management tools with the needs and expectations of owners/investors or lenders, creating a cooperative and collaborative relationship.
To maintain a steady sales flow, it is imperative an organization’s customers understand and align with its value proposition. DWH is able to work with its clients to ensure their customer needs are being met while maximizing the benefits the company receives from the relationship.
A company’s employees are crucial to its overall success. DWH professionals can work with owners and management to develop effective communication tools that help ensure that employees have a clear understanding of the company’s vision and direction and are a part of achieving a common goal.
Suppliers play an integral role in the company’s success. DWH can work with a client to strengthen its relationship with suppliers, creating enhanced operating and financial arrangements that provide mutual benefit while effectively managing risk.
In the December 2014 edition of the Business Update, a West-Michigan business-to-business publication, DWH was a… Read More
A DWH client – Al’s Excavating Inc. – was recently featured in MiBiz. The article highlights the… Read More
DWH has hired Marianne Fey as a senior director in the company’s Detroit office. Fey will… Read More
“With the support of DWH, we have ensured our company's sustainability while maximizing the value of our organization. Their processes, protocols and experienced staff helped us create a strategic direction for our future that aligns the leadership team, ownership and management.”
Paul Hendricks, President ǀ Creston Industrial Sales
“We have engaged DWH to work with our dealers/suppliers on strategic & tactical business issues, and certain ownership transitions. DWH’s expertise enabled our dealers/suppliers to achieve financial & operational improvements. We will continue to look for opportunities to engage DWH."
Steve Waugh, Director, Global Treasury Services ǀ Steelcase
"We appreciate the long-standing relationship we have with DWH.
As we’ve navigated through challenging family business dynamics we have used many of their services, and today as a successful company we continue to work with them in an oversight role."
John Maxson, COO | Genzink Steel
“For over 5 years, DWH has been a part of our team, providing financial support and enhancing our financial systems and controls. Their expertise and financial tools have been integral as we make decisions and communicate with our key stakeholders.”
Kellie Haines, President | Axios, Inc.
"I would highly recommend DWH if you are faced with selling your business.
DWH helped me develop a plan for the sale and were there through the implementation and execution of the transaction.
As a team we accomplished an unbelievably successful ending."
Mike McCrackin, President | Harvey's Commodities, LLC