

RAS Management Advisors was founded in 1989. Our leadership team of Richard Sebastiao (our founder) and Tim Boates (our president), has established a track record of success in assisting clients in a broad range of industries.
Our firm has led assignments for domestic and international companies ranging in size from $10 million in annual revenue to over $1 billion in annual revenue. Our consultants average over 25 years of hands-on experience in senior management positions, including those of CEO, President, COO, CFO, Partner, or VP of Manufacturing. The depth of our experience enables us to quickly assess the needs of our clients and assist them in confronting the operating and/or financial challenges they face.
Our associates are not what many people expect consultants to be. We have all been on the firing line dealing with day-to-day crises in the areas of manufacturing, sales, customer service, finance, cash management and lender and investor relations. We understand the unique challenges faced by distressed and growing businesses, and we thrive on the opportunity to help our clients.
Our extensive contacts in the national banking and investment communities allows us to introduce a wide range of financing and equity alternatives to distressed and growing companies. We also have extensive experience in leading the negotiation of sale, merger and debt refinancing/restructuring transactions both in and out-of-court.
Our reputation is extraordinary and our references are impeccable.

Timothy Puopolo
Tim has performed extensive forensic reviews at major clients resulting in significant recoveries for the affected lenders. He has also performed wind downs and liquidations both in and out of bankruptcy in varied industries, including transportation, financial services, health and beauty aides, painting, and automotive parts, producing positive results for affected lenders and stakeholders.
Additionally, Tim has performed extensive services in Chapter 11 cases, including pursuit of avoidance actions and claims negotiation with significant results.
Tim has been affiliated with RAS Management for over 15 years. Prior to joining us, he spent five years holding various In-House Counsel positions at a major NYSE electronics firm in Texas and Arizona. Tim is an attorney, licensed to practice in Massachusetts and a graduate of Boston College and New England School of Law/Boston, he resides in Phoenix, Arizona.

Richard Sebastiao
Dick has been providing management advisory services to a wide range of clients for more than 30 years since graduating with honors from Northeastern University. Following six years as a Big Four CPA he spent 15 years in senior management positions with Fortune 500 and privately held companies before launching RAS Management Advisors, Inc. in 1989. Dick resides in Rhode Island.
His experience with more than 290 entities from $3 million to $2 billion in sales has provided exposure to the full-range of business challenges and opportunities faced by most distressed companies. Extensive contacts in the national banking and investment communities provide a large pool of financing and equity alternatives to troubled or growing companies.
Dick also has extensive experience in the negotiation of sale and merger transactions as well as debt restructuring, Chapter 11 management and reorganizations.

Timothy Boates
Tim is a CPA (inactive), is fluent in German and holds a BSBA in Accounting from the University of Houston. He has acted as the Chief Restructuring Officer, CEO, Interim CFO and/or the Restructuring Advisor in many industries both in and outside of Chapter 11. Since joining RAS in 2000, Tim has worked on more than 160 assignments. He has extensive experience in negotiating the sale of divisions and whole companies in complex transactions both in the U.S. and Europe, and he has also performed extensive due diligence reviews for financial institutions. He's also led the development of new systems and controls at many clients as well as directing the integration of business operations resulting from acquisitions / mergers. Many of these assignments have included advising on downsizing activities, including the closure of plants and/or other operations as well as the restructuring and repositioning of clients within their industries.
Tim is based in Huntsville, Alabama and started his career with a major international accounting firm where he spent 8 years, including 3 in Germany, during which time he was heavily involved in advising on acquisitions and in deal negotiations across Europe. Subsequent to his public accounting career he was a CEO and CFO of companies in food distribution and electronics manufacturing services.

The following is a summary of our major experiences in turnarounds, troubled situations, workouts, mergers, acquisitions, dispositions and liquidations. In addition, we have performed significant due diligence reviews in connection with contemplated new loans and been involved in several other smaller engagements over the last several years. We handle between 30 and 50 assignments per year.
Plywood and Veneer Manufacturer

Assisted in the management of cash flow and monitoring of operations for this troubled operation until its sale.
Jewelry Manufacturer

A small manufacturer of medium priced jewelry was on the verge of bankruptcy when hired as Executive Vice President and General Manager. Renegotiated the bank credit line, reorganized the company and changed the way every department was operating, bringing this company to a break-even within six months despite a decline in sales volume.
Furniture Manufacturer

Liquidated this North Carolina based $30 million furniture and store fixture manufacturer including selling two divisions as operating entities and liquidating a third division.
Environmental Consulting Firm

Provided services of Chief Administrative Officer, overseeing finance, legal, human resources and information systems of this $150 million entity with over 75 offices. We also have been a member of its Board of Directors. The company has increased EBITDA four fold and is financially stable.
Major Printer of Advertising Inserts

Assisted this company in managing its cash flow while it negotiated a lucrative sale of its stock to a competitor.
International Footwear Company

As Executive VP of this $100 million importer and manufacturer, RAS revised financial, tax, legal and operation departments. In 5 years, negotiated the purchase of 3 troubled companies (one in Chapter 11) and made them successful. RAS reorganized a floundering operation in England, set up companies in Korea, Taiwan, Hong Kong and Brazil, and negotiated bank credit lines internationally.
Fuel Cell Research

Acted as financial advisor to a startup publicly traded fuel cell research firm in its merger negotiations.
Electric Power Supply Manufacturer

Worked with this manufacturer/ assembler to restructure its debt and to sell off certain assets in order to avoid bankruptcy. We oversaw the plant operations in Mexico, in addition to our cash management duties.
Jewelry Retailer

With over 185 stores, this Massachusetts retailer was the largest independent costume jewelry retailer in the United States until its liquidation. We assisted in seeking buyers and negotiating the sale of various portions of the business prior to its Chapter 11 filing.
International Conglomerate

While on the corporate financial staff of this $2 billion multinational company, was assigned to assist divisional managers where there were financial or operational problems and negotiated the sale of several spin-offs from other acquisitions. Oversaw two major fraud investigations and negotiated a favorable settlement with the Department of Energy over certain claims filed against a major division.
Commercial Real Estate Disposal

Assisted two companies in the sale of a total of five pieces of industrial and commercial real estate with proceeds exceeding $20 million
DVD & CD Distributor

Liquidated this major mid-Atlantic distributor out of bankruptcy.
Client Industries

Manufacturing
Aircraft
Air Conditioners
Aluminum Railings
Apparel
Automotive Parts
Commercial Fabric
Contract Assembly
Cooking Equipment
Diesel Engine Components
Electronics
Fasteners
Fiberglass Truck Bodies
Food
Footwear
Foundry Operations
Fuel Cells
Furniture
Garden Products
Health & Beauty
Home Building
Home Power Products
Injection Molding
Jewelry
Licensed Apparel
Luxury Motor Coaches
Mcahine Tools
Medical Devices
Metal Fabrication
Pet Food
Power Supplies
Printed CIrcuit Boards
Quarries
Plating
Plumbing Fixtures
Silk Screening
Signs
Stone Fabrication
Sunglasses
Steel Fabrication
Tile
Toys
Trade Booth Exhibits
Wire & Cable
Yachts
​

Services
Banking
Barge Operations
Book Publishing
Bus Operations
Call Centers
Consumer Loans
Digital Mapping
Environmental Testing
Equipment Rental
Freight & Logistics
Gov't Contracting
Heavy Construction
Mgmt Consulting
Paging Services
Printing Services
Publishing
Rental Equipment
Software Development
Sub Prime Auto Loans
Telecommunications
Temporary Labor
Trade Shows
Transportation

Wholesale
Aircraft Parts
Apparel
Automative Parts
Building Products
Bus Sales
Electrical Components
Fastener Distribution
Food
Footwear
Gift Products
Health & Beauty
Medical Supplies
CDs/DVDs
Office Products
Paper Products
Pharmaceuticals
Sunglasses
Toys

Retail
Amusement Parks
Apparel
Bowling
Christmas Stores
Direct Mail
Drug Stores
Electronics
Footwear
Furniture
General Merchandise
Jewelry
Restaurants