Veritas Restructuring Group

Expertise

seasoned managing directors deliver hands-on expertisE

Our expertise lies at the intersection of strategic restructuring, bankruptcy consulting, and hands-on interim executive management. Through real-world case studies, we demonstrate our proven ability to navigate complex financial challenges, stabilize operations, and drive sustainable growth. With deep industry knowledge and a results-oriented approach, our team excels in delivering tailored solutions that empower organizations to overcome obstacles and achieve long-term success.

    Shell International Exploration and Production

    $289.03 billion annual revenue leading oil and gas exploration company engaged Veritas Restructuring Group (operating as Southcoast at the time) to assess the company’s unique BOP reliability process/asset and develop a strategic and comprehensive business plan including executable strategy with proforma 5-year income, cash flow and balance sheet forecasts which resulted in the creation, divestiture and spinoff of a successful newco, creating additional value, improving regulatory environment, risk mitigation and helping to make offshore reliability a safer environment for operators in the Gulf of Mexico/America and globally.

     

    The Company

    • Leader in BOP monitoring with excellent safety record, 118 years in business in the USA, producing 343,000 barrels of oil equivalent per day (2025) faced increasing pressure from regulators and industry to share proprietary safety process technology.

    The Circumstance

    The company faced several distinct challenges:

    • Regulatory and Industry Pressure
    • BOP Reliability Process Asset/IP Sharing Challenge
    • Potential Liability exposure

    Expertise Provided

    • Engaged by Shell Deepwater Wells Engineers leading the BOP Reliability-Team to provide immediate assistance with an assessment and development of a business plan
    • Developed Strategy, and comprehensive actionable written business plan with 20+ sections, including 5-year proforma forecast Income, Cash Flow, and Balance Sheet statements
    • Provided M&A Consulting on NewCo divestiture/spinoff
    • Consulted regarding Risk Mitigation Strategy and Development
    • Created collateral documents with Power Point Slide to present to Shell xecutive Management team (EVP)

      The Outcomes

      • EVP Approval Obtained
      • New Company created and IP & HR assets divested/spun off
      • BOP Reliability services/benefits shared with competitors
      • Improved safety for industry operators
      • Regulatory compliance improvement
      • Additional asset and income stream
      • Risk mitigation

      Core Competencies

      • Leadership
      • Restructuring/Bankruptcy
      • Interim CEO/COO/CFO/CRO
      • Operational ManagementStrategic Transformation
      • Value Creation & Communication Entrepreneurship
      • Mergers & Acquisitions
      • Strategic Planning/Execution
      • Risk Mitigation and Litigation Management

      Veritas’ owner(s), employees, and or contractors have served in the following Key Accomplishments

       

      • CRO providing turnaround management to one of the largest Agricultural Businesses in the U.S.
      • Served as FA/MD in an Oil & Gas case which resulted in successful plan confirmation as one of the fastest free-fall Chapter 11’s
      • Served as FA/MD to Trustee of a $1.8 Billion Financial Services Winddown
      • Served as MD/FA and led one of the first major U.S. crypto-currency Ch. 11 cases in United States history
      • Advisor to many Independent Introducing Brokerages including providing turnaround management consulting to one of the largest International Commodity Trading & Brokerage firms in the world
      • Led the wind-down and dissolution of a formerly publicly traded O&G Services company, collected 8-figure AR amount previously considered uncollectable; managed $1B in multiple wrongful death litigation; deferred over $70mm in debts/liabilities out of court
      • Operated offshore O&G Wells/rid estate of 8-figure+ PA liability; sold 2+ assets, which resulted in no longer being Administratively Insolvent
      • Materially reduced distressed trade debt of a Publicly traded Cannabis Company
      • Participated in a (Chapter 7) and served as FA/MD to debtor; performed assessment; managed inventory sales; estate successfully acquire private international investor that led to 90%+ payout to creditors

      Why Our Firm Excels in Restructuring and Bankruptcy

      The clients and engagements referenced (and highlighted) showcase our firm’s unparalleled expertise and proven success in the restructuring and bankruptcy space. Through strategic insight, meticulous execution, and a client-centric approach, we have consistently delivered optimal outcomes in complex financial challenges. Our track record of navigating intricate cases with precision and achieving favorable results underscores our position as industry leaders. Choosing our firm ensures confidence in a partner with the experience, dedication, and skill to drive success in even the most demanding restructuring and bankruptcy scenarios.

      Have A Question? Contact Us!

      Get in Touch with Veritas Restructuring Group

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      Office Hours

      Mon-Fri - 8:30 am to 5:30 pm

      Saturday - 09:00 am to 12:00 pm

      Holidays - Closed

      Contact Info

      717 Texas Ave., 12th Floor

      Houston, TX 77002

      713-255-2099

      info@vrg.co

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