Elliott Neal

Senior Director
PEPI Working Capital Transformation practice leader
Expertise in improving cash flow from operations and leading company-wide transformations
Serves as CTO
Dallas
@alvarezmarsal
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Elliott Neal is a Senior Director with Alvarez & Marsal Private Equity Performance Improvement in Dallas. He is a leader of its Working Capital Transformation practice.

Mr. Neal specializes in improving cash flow from operations and leading company-wide transformations. He has led working capital engagements across industries for clients ranging from Fortune 500 companies to private equity-owned (PE-owned) firms. He has also served as Chief Transformation Officer (CTO) for multiple PE-owned companies.

Mr. Neal’s experience spans two dozen engagements, with representative examples including improving a multichannel retailer’s working capital management across inventory, payables, and receivables to create $120 million in operating cash flow; optimizing an automotive supplier’s accounts payable policies and systems to generate $80 million cash upside within four months; serving as CTO of a retail products manufacturer responsible for an 18-month turnaround involving 100+ initiatives; serving as CTO of a retail company responsible for designing and launching a transformation to increase the company’s enterprise value by $600 million; and advising a PE firm on the turnaround of an offshore energy production company that generated $25 million in annual cost savings.

Prior to joining A&M, Mr. Neal spent eight years with McKinsey & Company, where he led many of its working capital engagements in North America, served as CTO for PE clients, and led financial planning and program management for the largest public sector debt restructuring in U.S. history (Puerto Rico).

Previously, Mr. Neal was employed by SEACOR Holdings and its subsidiaries, during which he led a multi-year turnaround as a Division Vice President. Before that, he served as a U.S. Army Infantry Officer, leading paratrooper units during two combat deployments.

Mr. Neal earned a bachelor’s degree from Harvard College and an MBA from Harvard Business School. He is a Chartered Financial Analyst.

Insights By This Professional

Private equity firms today face a daunting set of challenges: intense deal competition, high acquisition multiples and elevated debt service costs. One often overlooked yet highly effective strategy is superior working capital management.
A&M's Working Capital Transformation practice, led by Managing Director Brett Everhart and Senior Director Elliott Neal, enables companies to increase cash flow, reduce operating expenses and boost investor returns by optimizing the management of accounts receivable, accounts payable and inventory.
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