Advisory firm BBK opens in Wichita

Two years ago, BBK's operational services business had essentially no aerospace work. Now, aerospace makes up about 20 percent of BBK's business.

In the future, that's expected to grow substantially, BBK officials said.

That's the main reason the business advisory firm opened an office in Wichita on Dec. 1. The office is at 200 W. Douglas, Suite 617.

"It didn't make sense to us to try to service aerospace without being local here in Wichita," said BBK managing director Doug Olander.

The company had worked with local suppliers to Wichita's large manufacturers. They suggested that BBK have a presence in Wichita, Olander said.

"In some ways, we're following the voice of the local industry to locate here," he said.

BBK provides financial advising in areas such as cash flow forecasting, lender negotiations, supplier strategy, and management and capital restructuring, the company said.

It also provides operations advising in production and material systems, inventory management, manufacturing-process improvement, and facility and acquisition consolidation.

BBK also helps businesses in distressed situations, said BBK managing director Jim Connor.

"We generally come in and help out with refinancing or restructuring or reducing cost structures," Connor said. "We're actually pretty good at it."

BBK started 32 years ago, working with the automotive industry in Detroit.

"This is a related business," Connor said of the aerospace industry.

Marc Iott manages the Wichita office. Iott moved to Wichita in 2006 to join TECT Aerospace, where he was director of supply chain and director of business systems. He joined BBK in June.

BBK also works with health care, restaurants, gaming, commercial real estate, agriculture and general manufacturing, officials said.

Most of its clients are manufacturing related.

It has offices in New York; Chicago; Detroit; Dallas; Nashville, Tenn.; Frankfurt, Germany; and Shanghai, China. It employs 200 people.