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About this practice

RTS helps clients drive rapid and dramatic performance improvement and also provides a full suite of services to support companies facing liquidity issues or insolvency.

Our clients include stressed / distressed companies, organisations seeking to go from “good to great” and stakeholders in insolvency situations. Our work ranges from acute crisis management to long-term recovery and performance improvement.

We are not ordinary consultants. Recovery & Transformation Services (RTS) is a unit of McKinsey & Company, founded in 2010, that focuses exclusively on holistic transformations and corporate restructuring. We pair experienced professionals drawn from industry, private equity, and the restructuring ecosystem with our firm’s global network of industry and functional experts. We are doers,  and we work closely with clients to execute the steps necessary to achieve extraordinary performance improvements.

What we do

Our work ranges from acute crisis and liquidity management to large-scale restructuring and transformation. We focus on holistic solutions, addressing operational, financial, and organizational problems in time-critical and distressed situations. In many cases, we make good companies into great ones.

We support clients in a variety of circumstances, from formal court-driven processes such as bankruptcies to turnarounds of businesses that are underperforming or seeking a radical acceleration of performance. Beyond rapid recovery, we are committed to ensuring the long-term health of our clients, driving sustainable changes through the transformation of management mindsets and practices.

Depending on client needs, our engagement model varies from traditional consulting to transformation leadership to providing experienced interim managers.

Our approach

We work alongside our clients: advising, taking leadership and line roles to drive change, negotiating with stakeholders, and implementing new processes.

Our first priority is to identify the strategic, operational, organizational, and financial levers that will deliver fast and positive impact. We draw on expertise from across McKinsey to ensure that prioritization is informed by deep insight into industry dynamics and functional best practice. Our approach is proven, results-oriented, and backed by proprietary tools, benchmarks, and methodologies.

By combining a strategic perspective with disciplined implementation, we help our clients succeed regardless of the context.