Armand Lucarelli, CPA, CTP

Armand is the founder and a Managing Director of Capital Restoration LLC.  Capital Restoration is an award winning corporate renewal firm which provides crisis management, corporate restructuring and the forensic services.  The firm has extensive experience in working with and representing banks, credit committees and companies.

Before founding Capital Restoration, Armand had a broad ranging career in industry and public accounting.  During his career in industry, he served as the Chief Operating Officer and/or Chief Financial Officer of several companies including a $100 million retailer and distributor, a $40 million financial services firm, and a $50 million international manufacturing and distribution company.

Armand began his career in public accounting with Price Waterhouse and eventually became a Senior Partner at Goldfine, Lucarelli & Meile, Certified Public Accountants.  As a CPA, his clients included companies in the manufacturing, distribution, retail, computer software, computer hardware, healthcare, and telecommunications industries.  In his roles as CPA and corporate officer, Armand was the driver or a key participant in the turnaround of many companies.

In 1999, 2001 and 2003, Capital Restoration was the recipient of Turnaround of the Year Awards from the Turnaround Management Association.  The 1999 award was for his forensic and operational work in turning around Lena Park, an inner city development company.  The 2001 award was for his work with On The Rise, a non-profit.  The 2003 award was for the turnaround of the Gloucester Company a manufacturer and distributor of sealant compounds to the retail market.  In each case, Armand led the turnaround team.

Armand is the author of "Failure of the CEO to change from Star to Coach Can Impair Performance," Corporate Renewal, January 2000; "Keys to Avoiding a Killer Storm," American Bankruptcy Institute Journal, March, 2002; “Using the Z-Score as a Turnaround Tool,” Journal of Corporate Renewal, March 2003; “The Dreaded “CEO” Trap,” The ABF Journal, January 2004; “Gloucester Becomes Unglued – A Case Study of a Restructuring,” Institutional Investor, Spring 2004; and “Managed Earnings Attract Increased Scrutiny – Historically Accepted, But Is It Fraud?,”  Journal of Corporate Renewal,  June 2004.  He is an expert on fraud and the perils of managed earnings and speaks frequently on the topics.

Armand has served as an adjunct professor of accounting and taxation at Bentley College.  He has also served as a Director of the Leukemia Society, a Trustee of Boston BDLC, and on the Massachusetts Society of Certified Public Accountants (MSCPA) taxation committee.  Armand is a Board member of the Turnaround Management Association and serves as Co-Chair of Pro Bono Committee and Chair of the Career Services Committee.  He is a member of American Institute of Certified Public Accountants (AICPA) and the Association for Corporate Growth.

Armand received an MBA from Suffolk University, Masters in Taxation from Bentley College, and a Bachelors of Science in Accounting and Finance from Bentley College.

If you have questions or would like more information, Email or call Armand Lucarelli at 978-443-7500.

armand@capitalrestoration.com