Reece Fulgham
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- Full Name
- Reece A. Fulgham
- Title
- Managing Director
- Firm
- SierraConstellation Partners, LLC (SCP)
- Firm Type
- Turnaround / restructuring & interim-management advisory (not a venture or angel fund)
- Investment Stage
- N/A — his capital exposure comes through restructuring/turnaround equity situations and board roles rather than early-stage venture; the "angel / seed" label on the source stub is not supported by his public record
- Check Size
- Not publicly disclosed
- Target Company Profile
- Distressed, under-performing, liquidity-constrained companies and their creditors; private-equity turnaround situations
- Sector Focus
- Cannabis, retail, manufacturing, healthcare, technology, defense, and construction (broad, multi-industry)
- Geographic Focus
- United States (with domestic and international debtor/lender engagements)
- Location
- Los Angeles Metropolitan Area, California
Background
Reece Fulgham is a senior financial and restructuring executive with more than 30–40 years of accounting, financial-management, and turnaround experience. He is a former California-licensed CPA who began his career in audit at Greenstein Logan & Company in Dallas (1982–1984, focused on savings-and-loan audits), then spent roughly seven years (1984–1989) in the audit and business-advisory groups — and later the restructuring group — of Kenneth Leventhal & Company in Los Angeles. He holds a Bachelor of Business Administration in Accounting from Southwest Texas State University.
In 1989 he joined Davis Wire as Vice President of Finance following the company's Chapter 11 filing, developing and implementing the plan of reorganization that allowed it to emerge from bankruptcy in 1991. Since then he has provided interim management and financial/strategic advisory services to distressed companies and their creditors — independently and through firms including FTI Consulting and Nightingale & Associates — before joining SierraConstellation Partners as a Managing Director. His engagements span more than 35–50 companies and have included names such as Hollywood Video, Epic Resorts, American Golf, and Imperial Sugar.
Fulgham's most prominent recent operating role was Interim Chief Financial Officer of cannabis multi-state operator MedMen Enterprises, a position he took on December 21, 2020, overseeing finance and accounting during a turbulent period for the company; he returned to SCP after MedMen appointed a permanent CFO. He has also held cannabis-licensed executive status across multiple states (California, Arizona, Nevada, Texas, Illinois, Florida, New York, Massachusetts, and Pennsylvania).
He is an experienced independent director and audit-committee chair, reporting roughly 12 independent-director positions (mostly for private-equity turnaround portfolio companies), one board chairmanship, and about 10 audit-committee chair roles. Board seats have included American HomePatient, Inc., Trussway Holdings, Inc., Cornerstone Healthcare Group Holding, Inc., and 3P Processing LLC. He states he has facilitated seven company sales and three liquidations.
Investment Thesis & Focus
- Restructuring-led, not venture-led. His work centers on "financial and operational reorganization and optimization" — stabilizing organizations with limited liquidity through urgent operational and financial restructurings — rather than backing early-stage startups.
- Value creation through turnarounds. His stated track record emphasizes equity gains in turnaround situations, including a reported ~30x return at Trussway Manufacturing.
- Board-level engagement. He concentrates board advisory work on "private equity return and turnaround scenarios," frequently serving as audit-committee chair.
- Both sides of the table. He represents both debtors and lenders/creditors in domestic and international contexts.
- Multi-industry generalist. Cannabis, retail, manufacturing, healthcare, technology, defense, and construction — selection driven by distress/complexity, not a single sector thesis.
- Note: no publicly stated seed-stage angel thesis, check size, or startup-investment criteria could be verified; treat the "angel / seed" stub characterization with caution.
Notable Investments
- MedMen Enterprises — Interim CFO of the cannabis MSO beginning December 2020; oversaw finance/accounting during restructuring, later replaced by a permanent CFO.
- Trussway Manufacturing / Trussway Holdings, Inc. — Board and turnaround involvement; he reports an approximately 30x equity return.
- Davis Wire — VP Finance (1989); led the reorganization that brought the company out of Chapter 11 in 1991.
- American HomePatient, Inc. — Board director.
- Cornerstone Healthcare Group Holding, Inc. — Board director.
- 3P Processing LLC — Board director.
- Other advisory/interim engagements — Hollywood Video, Epic Resorts, American Golf, and Imperial Sugar, among 35+ engagements.
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