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Who's Who Legal
Who's Who Legal

Global Leader

National Leader

WWL Ranking: Recommended

WWL says

Greg Karpel focuses his impressive practice on advising corporate debtors and stakeholders on turnaround management, formal restructurings and interim management.


Greg Karpel is a Managing Director with Alvarez & Marsal’s North American Commercial Restructuring group in Toronto. He brings more than 15 years of accounting and financial services experience, including over thirteen years of experience in turnaround management, formal restructurings and interim management. His primary area of concentration is in providing turnaround and restructuring advice to corporations and their stakeholders. Mr. Karpel has worked with clients across a range of industries, including consumer goods retail, resort hospitality and real estate, fitness and lifestyle, quick service restaurants, mining, oil and gas, and pulp and paper.

Mr. Karpel specializes in assisting underperforming companies to improve both operational and financial performance. He has advised a broad range of clients, including corporate boards, executive management teams, secured creditors and lending syndicates. He has expertise in developing and evaluating strategic business and turnaround plans, implementing cash flow forecasting and cash preservation programs, conducting independent business reviews and viability assessments, and acting in court appointments under the Companies’ Creditors Arrangement Act (CCAA). 

Most recently at A&M, Mr. Karpel acted as the financial advisor to the management team and board of a large agricultural trading business, where he led the restructuring of their syndicated debt facility and assisted the company with financial forecasting, business plan evaluation, as well as operational and working capital improvements. 

Mr. Karpel’s other notable assignments include: CCAA monitor of Target Canada Co., financial advisor to Performance Sports Group, financial advisor to the lending syndicate of an energy retailer, financial advisor to the lending syndicate of a large pulp and paper producer, interim controller of Extreme Fitness (prior to and during its CCAA proceedings), providing treasury management consulting services to a large public energy company, and financial advisor to a Tier 2 auto parts manufacturer.

Mr. Karpel earned a bachelor’s degree in business administration from the Richard Ivey School of Business at the University of Western Ontario. He is a Chartered Professional Accountant (CPA, CA), Chartered Insolvency and Restructuring Professional (CIRP) and a Licensed Insolvency Trustee (LIT). He is a member of the Turnaround Management Association (TMA) and served on the Toronto Chapter’s education committee. He was also a founding member and executive of the Young Restructuring Professionals Committee of Toronto (now the TMA's NextGen Committee).

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