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Our principals have successfully completed projects on behalf of clients in a wide variety of industries, including:
- Apparel
- Basic Manufacturing
- Commercial Printing and Office Products
- Construction Products
- Consumer Products
- Food Processing and Distribution
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- Gaming / Entertainment / Hospitality
- Gas and Electric Utilities
- Outdoor Recreation Products
- Oilfield Services
- Real Estate
- Recycling
- Restaurants
- Retail
- Software Development
- Steel Manufacturing
- Telecommunications
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Click on the links to read more about representative projects we have executed
More complete synopses of some of our completed assignments are available to download in Adobe Acrobat format on the
White Papers page.
We are proud to provide references as requested.
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Interim and Crisis Management
- Integrated Steel Producer:
- Chairman of the Board
- Strategic reassessment and planning
- Sales and marketing reorientation
- Recruiting supplementary and replacement senior management
- Intimate Apparel Manufacturer:
- Interim CEO
- Operational turnaround including instituting cash controls and
forecasting, annual budget and review, refinancing of senior debt
- Hiring of permanent CEO
- Specialty Steel Fabricator
- Interim CEO on behalf of private equity owner following
termination and resignation of top management
- Responsible for
- Crisis stabilization with employees, vendors, lenders and customers
- 61% reduction in operating expenses
- Closure of unprofitable line of business
- Restoration of sales initiatives
- Renegotiation of bank line
- Identification of strategic buyers and,
- Conduct of sale process
- Successfully initiated financial restructuring
- North American Commercial Real Estate Company
- Interim Chairman of the Board
- Led this Canadian real estate company through a ten-month process
of restructuring more than $7 billion (Can.) debt via CCAA
(Canadian Chapter 11)
- Process culminated in significant new investment by investor group
Financial Restructuring Services
The following lists many of the companies to which we have provided restructuring assistance
- Airgate PCS, Inc.
- Allegro Resorts
- Alto Parana, SA
- AM International
- Avalon Marketing
- BAESA-PepsiCo.
- Barber Greene
- Charter Medical
- Chrysler Corporation
- Circle K Corporation
- Continental Airlines
- Crown Crafts
- Days Inns
- Domino's Pizza
- Dynax Solutions
- Envirodyne Industries
- Evans Products Company
- Federated Stores
- Grupo Visa, S.A. de C.V.
- Gulf States Utilities
- HBJ
- Industrias, C.M.
- International Harvester
- Jacor Communications
- John Blair & Company
- Lionel Corporation
- Lone Star Industries
- LILCO
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- LTV Aerospace & Defense
- LTV Corporation
- Lykes Brothers Steamship
- Massey Ferguson Limited
- Mayo Yarns
- Mercury Stainless
- Midway Airlines
- Nat'l Convenience Stores
- New York Daily News
- Olympia & York
- Pinnacle West
- Ponderosa Industrial
- Precision Partners, Inc.
- Public Service Co. New Hampshire
- Radice Corporation
- Reading & Bates
- Resorts International
- Safeguard Business Systems
- Seatrain Lines
- Smith International
- Tele-Media Co. of Hershey
- The Columbia Gas System
- US Home
- USG Corporation
- Wang Laboratories
- Western Fuels Association
- Western Union Corp.
- Wheeling-Pittsburgh Steel
- Wilson Foods Corporation
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Assessment and Consulting
- Multi-location Process Manufacturer:
- 90-day assessment of management, reporting systems and budget.
- Identified significant functional deficiencies across the
organization. Determined that annual budget was based on grossly
optimistic sales projections and failed to properly account for
working capital needs.
Actions:
- By constructing a complete financial budget, including a
comprehensive inventory and production plan, demonstrated that
the company would generate significantly larger cash losses than
management's projections.
- Developed on-line intramonth sales, inventory and open
order reporting.
- Prepared pro forma organization chart with
numerous alternative action plans and cost analyses to repopulate
the organization.
- Manufacturer and Distributor of Specialty Foods:
- 60-day assessment of management and cash controls.
- Reviewed and assessed management's annual budget.
- Prepared to step into the role of CEO or CFO.
Actions:
- Prepared new financial budget and cash forecast,
complete with sensitivity analyses for various growth assumptions.
- Developed Board reporting package with budget variance and
financial metric analyses.
- Joined Board of Directors
- Direct Marketer of In-home Food Programs:
- Initial Situation Assessment with follow-on engagement.
- Developed and recommended operating and financial alternatives.
- Assisted in developing new sales offering and review existing budget.
- Assessed senior management's ability to develop and direct an operational restructuring.
Actions:
- Developed a financial and operating model which
demonstrated the insufficiency of management's proposed remedial actions.
- Prepared 18 month plan to conserve cash and avoid defaults so
that recommended improvements could be implemented.
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