Case Studies
J.S. Held Acquires Shechter & Everett to Expand Forensic Accounting Capabilities for Family Law Disputes in Florida
Read MoreOur client was a $32 million distributor and importer of direct Broadcast Equipment and installation components based in Florida.
The Company grew at a tremendous rate along with the direct broadcast industry. Overexpansion and rising overhead costs created a liquidity crisis. With competitive forces eroding margins, the Company’s crisis peaked when suppliers began eliminating their ongoing trade credit support. Two other consulting firms were hired, and both advised an immediate liquidation of the Company.
Our experts rapidly took control of the Company’s situation and obtained the lender’s support for additional interim financing. We communicated the Company’s situation to all constituents, implemented a cash management plan, obtained new inventory through a third-party inventory process, and worked closely with the Company’s owner to identify potential buyers for the business. Our team negotiated and structured the sale of the majority of the Company’s assets to a public company that desired to expand into the DBS market. All of the Company’s secured parties were paid in full.
Brian F. Gleason, CTP
Senior Managing Director
Strategic Advisory Practice
+1 610 659 8118
[email protected]
> Business / Operational Assessment
Most consulting firms approach a business assessment from a purely financial perspective — our assessments provide a 360° view of a business, addressing growth drivers, profitability, and uses of capital. Along with detailed financial performance reviews and cash flow forecasting, our comprehensive Business / Operational Assessment identifies the various challenges clients encounter throughout their operations.
> Liquidity Management
For companies in distress or undergoing rapid growth, ensuring sufficient cash flow to support operations requires a methodical approach to liquidity management marked by multi-department input, cross-constituent communication, prioritization, and negotiation.