Case Studies
J.S. Held Acquires Shechter & Everett to Expand Forensic Accounting Capabilities for Family Law Disputes in Florida
Read MoreThe company, a retrofitter of diesel particulate filters to comply with California Air Resources Board (CARB) requirements, was severely impacted by CARB’s recall and suspension of future sales of the company’s most popular products. Concurrently, CARB was not enforcing its requirements, reducing demand for the company’s services.
When the company’s performance declined due to the CARB recall and it failed to meet its financial covenants, its bank referred it to three financial advisory firms. The company retained our experts to assess and improve its short and long-term finances and cash flow, and to liaise with the bank.
After a retrofitter of diesel particulate filters defaulted on its loan covenants, its lender sought to exit the credit. We developed a realistic rolling 13-week cash flow and effectively managed the company’s accounting team to reduce costs, resulting in improved cash flow and a successful refinancing.
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David Stapleton, CPA, CLPF
Senior Managing Director
Strategic Advisory Practice
+1 213 235 0601
[email protected]
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