Court and Litigation Support

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2012 - 2023

Cornerstone Healthcare Group - Healthcare

Board Member & Audit Committee Chairman

Legal & Compliance Committee Member

Cornerstone (CHG) is a diversified healthcare company based in Dallas, Texas, and is the sixth largest owner/operator of long-term acute care hospitals (LTAC) in the U.S., with 19 hospitals located in Arizona, Arkansas, Louisiana, Oklahoma, Texas, and West Virginia. CHG operates in four complementary business segments: Long-Term Acute Care, Senior Living, Behavioral Health, and Skilled Nursing Facilities. As a leading provider of complex acute and post-acute care services, CHG provides care to patients requiring extended hospital stay and/or specialized care. Cornerstone's hospitals provide care for patients with complex respiratory issues, advanced wounds, and multi-system organ failure. Mr. Fulgham oversaw Cornerstone’s EBITDA growth from negative $30M to positive $35M accumulating substantial cash on hand after the realization of a $68M funding from the sale of non-core assets. Sold to strategic buyer in January 2023.

1994 - Present

National Dollar Stores - Retail, Dollar Stores

Board Member & Audit Committee Chairman

National Dollar was a chain of discount retail stores across the western half of the U.S. facing a severe liquidity crisis and deteriorating operating results. Retained by owners as Interim CFO/CRO. Managed all aspects of this non-judicial reorganization, including organized merchandise liquidation of all stores; lease settlements with existing tenants and landlords; sale of multiple properties, and final settlement of all outstanding debts. The reorganized company continues to operate as a real estate holding company. Currently an independent director on the Board.

2012 – 2022

Trussway Manufacturing - Wood Building & Construction Supplies

Board Member & Audit Committee Chairman

Legal and Compliance Committee Member

Trussway is the nation's leading manufacturer of Factory-Built-Housing (FBH) components, including wooden floor and roof trusses, wall panels, and wall components for large multi-family residential construction including low-rise apartments, townhouses, and light commercial structures. The Houston, Texas based company serves customers in 30 states across the U.S., with six manufacturing facilities. Mr. Fulgham oversaw restructuring of multiple manufacturing facilities and divisions, facilitated the exit from the hemorrhaging homebuilding business, implemented significant cost reductions and improvements in bidding procedures. A new lumber hedge program was introduced in conjunction with new bidding procedures to lock in margins due to volatile lumber prices. EBITDA grew from negative $20M to positive $45M, backlog from $250M to $600M, with record-breaking margins. Leverage was reduced from 12x to 1x. Sold to strategic buyer Builders FirstSource (NYSE BLDR) September 1, 2022, with >30x equity return vs. original mark.  

2018 - 2020

Structural & Steel Products (SSP) - Manufacturing, Steel Highway Infrastructure

Board Member & Audit Committee Chairman

Legal and Compliance Committee Member

SSP is a manufacturer and distributor of Highway and other infrastructure products, including lighting poles, bridge decking, guardrails, overhead signs, cell towers, and other structures for the telecommunications and utilities industries. Mr. Fulgham oversaw new management integration resulting in the optimization of financial reporting, remediating multiple production bottlenecks related to steel supply and labor, rebuilt TXDOT bid development process and grew previously underperforming EBITDA. SSP was sold to a Houston-based private equity firm on December 4, 2020.

2013 - 2016

LMG2 LLC 

Chairman of the Board, Audit Committee Chair

Legal and Compliance Committee Member

LMG2 LLC was formed by a group of seven institutional lenders. LMG2 was owed over $500M from a borrower who agreed to return collateral via deed in lieu of foreclosure. LMG2 owned a 99-year parking concession agreement for the largest downtown underground parking structure in the U.S., encompassing over 3.8 million square feet under Chicago's lakeside Millennium Park. Mr. Fulgham and his team stabilized operations, cut costs, remediated poor physical structure, and appearance, revamped pricing structure and marketing program which drove strong driver count and EBITDA growth. These strategies resulted in shift from previously shrinking EBITDA to significant growth. Mr. Fulgham also negotiated the collection of a $64 million judgement against the City of Chicago for breach of contract and positioned the Millennium Park Garage’s concession for sale to a joint venture comprised of Northleaf Capital Partners and AMP Capital returning $434 million to lenders, significantly exceeding expectations.  

2012 - 2016

American Home Patient (AHOM) - Healthcare, Home Medical Products 

Board Member & Audit Committee Chairman

AHome was one of the nation's top five largest diversified home healthcare providers, supplying home medical products (e.g., COPD/Obstructive Sleep Apnea) to millions of patients across 240 locations in the U.S. AHome faced limited liquidity and multiple litigations. AHome was stabilized and sold to Lincare in early 2016.

2013 - 2018

3P Processing - Aerospace & Defense Metal Finishing

Board Member & Audit Committee Chairman

3P Processing is a leading provider of chemical coatings, paint, and finishing processes for aerospace and defense structures and components to OEMs and Tier 1, 2, and 3-level suppliers of aerostructure components. 3P supports customers throughout the U.S., with a dominant focus in the central U.S. All operations are performed in Wichita, Kansas. 3P restructured its operations and pricing structure, modernized the information systems to identify true costs, initiated expedite pricing and streamline bidding and processing. Grew revenue and EBITDA and eventually sold to Spell Capital on March 27, 2018.

2008 - 2011

Nex-Tech Aerospace - Aerospace Machining 

Board Member & Audit Committee Chairman

Manufactures precision-machined structural components, complex assemblies, and kits for military, commercial, and business jet aviation end-markets. Oversaw the settlement of litigation, stabilization of operations, and EBITDA growth to position itself for a successful sale to Gridiron Capital in 2011.

2009 – 2012

Marcal Paper Mills LLC - Recycled Paper Mills

Board Member & Audit Committee Chairman

Recycled paper products manufacturer acquired by a private equity firm via the conversion of debt to equity through bankruptcy. Based in New Jersey, Marcal is one of the oldest environmentally friendly paper companies in the U.S., reducing landfills by manufacturing paper products from 100% recycled paper. Marcal is one of the leading manufacturers of paper products for away-from-home, office, private-label, and retail customers. Mr. Fulgham oversaw the acquisition and integration of new management and operators, which led to significant revenue growth and operational efficiency gains. Sold to Atlas Holdings (Soundview Paper Company) in April 2012.

2011 – 2012

Moll Industries - Manufacturing, Injection Molding 

Board Member

Manufactured and supplied injection-molded and assembled components for North America's medical, appliance, industrial, consumer, and automotive markets. It specialized in drug delivery, surgical instruments and devices, enclosures, and fluid delivery. Retained as an independent board member in 2011 to execute the sale of the Ireland division and liquidation of the domestic business via the Chapter 11 plan.

2007 - 2010

Nexpak Corp. - Manufacturing, Injection Molding

Board Member & Audit Committee Chairman

Nexpak was a leading plastic injection-molding manufacturer and distributor of DVD, CD, video game, and other media packaging domestically and in Europe. The industry fell precipitously, and the Board decided to liquidate domestic operations and sell the Netherland operations in 2010. Mr. Fulgham oversaw the liquidation process and sale of the Netherlands operations.

2000 – Present

Shoong Family Foundation - Real Estate Holding Company

Board Member

Family foundation and real estate holding company restructured in the mid-1990s. Member of National Dollar Stores board of directors. Invited to serve on The Shoong Family Foundation Board in 2000. Currently independent board director for The Shoong Family Foundation.