Turnarounds and Crisis Situations:
We enter situations that are difficult and sticky. Systems are broken, people are angry, vendors are screaming and lenders are impatient. Dire situations require immediate and definitive action. We quickly size-up the situation and issues, bring people together and refocus the business on the key levers to stop the downward spiral; we redirect the momentum toward a successful outcome. Our emphasis is on getting quick, measurable results by working closely with all the stakeholders.

We believe that it's irresponsible to arrive at a strategic recommendation in advance of the facts; therefore, we rigorously analyze the situation prior to developing the turnaround plan. We quickly develop a comprehensive fact-base that illuminates the key issues for us, management and all key stakeholders. Then, working together, we develop a reasonable turnaround plan that leverages the remaining assets and resources of the company to quickly drive results.

Crisis Management:
If the situation has already escalated to a clear ‘crisis mode’ by the time we’re brought in, then we’ll rigorously analyze all aspects of the business to quickly identify:

• non-core operations
• non-performing product lines
• excess and/or idle equipment
• slow moving inventory
• hidden value in real estate and other assets
• non-essential real estate, plants and leases
• all other readily-salable assets that can be quickly converted to cash to pay-down Bank debt
• potential buyers of the business, the assets, the trademarks, the patents and any other saleable ‘off balance sheet’ assets we can find.

Working with all the stakeholders, we’ll quickly develop a Plan to liquidate these non-core assets. The Plan will include a realistic timetable for realizing the cash proceeds of these sales, the P&L impact of the sales, and the resulting impact on the balance sheet from the sale of these assets and the reduction of Bank debt.

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