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Our CLIENTS are typically middle market businesses with revenues of up to $500 million.


Our ENGAGEMENTS range from strictly consultative to the complete assumption of management responsibility on an interim basis, including the role of Chief Restructuring Officer.


Our METHODS are based on established business fundamentals, not business bestsellers.  We are results oriented and outcome driven – get in, assess, develop a plan, execute, and get out!

          The operational improvements and restructuring measures you worked through with us were extremely difficult from an emotional perspective, but were certainly necessary. We are back to profitability and are greatful for your counsel.


Former Client

Work Surface & Office Furniture Industry

OUR firm
Our Firm

In 2005, Patrick Caracciolo and Laxson Boyd combined their well-established consulting practices – Wadsworth Consulting, Inc. and Whitestar Management Consultants, Inc. – to form Wadsworth Whitestar Consultants.  In the years since, Wadsworth Whitestar has become one of the most respected turnaround consulting firms in its market.


Dedicated to the preservation, restoration, and recognition of corporate value, our professionals are widely acclaimed for their proven record of success providing client companies with the leadership and expertise required to overcome critical challenges –maximizing stakeholder value and minimizing downside risk.


Wadsworth Whitestar is a boutique consulting firm narrowly focused on providing a comprehensive range of advisory services to stressed and distressed businesses.  We are selective about our engagements, seeking out the complex, challenging projects that many others avoid.  Over the years we have resisted the temptation to leverage our reputation and expand the scope and scale of the firm, choosing instead to maintain a small staff of dedicated professionals who take personal ownership of each engagement.  And, while we have chosen to limit our growth, Wadsworth Whitestar has demonstrated time and again that we are able to deploy the resources required to successfully manage large, complex projects.


From offices located in Milwaukee and the northern suburbs of Chicago, Wadsworth Whitestar serves clients around the world with a wide range of management consulting services, including:


Analysis, Assessments & Financial Advisory


Performance Improvement


Liquidity Management


Interim Exectutive Management


Turnaround & Crisis Management


Reorganization & Restructuring




Exit Strategy & Divestiture


Sale & Acquisition Advisory

Receivership & Bankruptcy

Acquisition Opportunities

OUR principals

Patrick Caracciolo has over 25 years of experience in senior management, financial management and operations management including 15 years as a turnaround management consultant for both Fortune 100 companies and privately held businesses. A highly skilled financial and business analyst, Patrick has a demonstrated ability to quickly assess a company’s financial position. prepare appropriate financial models, develop strategic alternatives, and implement a workable turnaround plan.

Patrick provides individualized consulting services to business owners including profitability improvement, liquidity management, cash flow analysis and planning, product line profitability, work force development and review, best practices implementation and cost analysis.


Wadsworth Consulting, Inc.



          Pat brings a wealth of experience, excellent contacts, skill, and common sense to each of his projects.


Milwaukee-Based Insolvency Attorney

          Laxson Boyd is a professional business consultant of the highest caliber. His expertise is second to none.


Vice President, Loan Workout Consultant

Major Chicago-Based Bank


Whitestar Management Consultants, Inc.



With more than 25 years of diverse experience in general management, operations management and market development management, Laxson Boyd has developed a skill set uniquely suited to the turnaround management profession.  He has a proven record of success managing established businesses, start-ups, and turnarounds – successfully completing his first, the restructuring of a $10 million business unit, in 1988.

Laxson has served as Chief Restructuring Officer of firms with revenues of up to $200 million; as COO of firms with revenues of over $100 million; as President of several start-ups; as Market Development Manager for a Fortune 50 manufacturing firm; and as a consultant to more than 100 middle market firms.  He has also served as a court appointed receiver, acted as assignee in Assignments for the Benefit of Creditors, and provided expert testimony in complex debtor/creditor matters.

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