Case Studies

Building Contractor

J.S. Held Acquires Shechter & Everett to Expand Forensic Accounting Capabilities for Family Law Disputes in Florida

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The Situation

Our experts performed an operational assessment, served as interim CFO, and restored the performance of a building contractor. The client was a $3 million privately held building contractor based in New Jersey.

As a result of poorly bid contracts, labor inefficiencies, and reliance on a limited customer base, the Company was incurring losses.

How We Advised

Our experts initiated an operational assessment and helped the Company develop a focused cost accounting and bidding system, while it also revamped its marketing program. This allowed the Company to expand beyond its traditional customer base. we also assumed the interim role as CFO and implemented cost controls for each of the Company’s ongoing contracts. The Company’s cash flow was restored and its performance improved dramatically.

Key Contact

Brian F. Gleason, CTP
Senior Managing Director
Strategic Advisory Practice
+1 610 659 8118
[email protected]

Related Practice Areas

> Chief Restructuring Officer (CRO) and Interim Management Services
Our experienced C-suite interim executives advise and support companies in financial distress, experiencing hypergrowth, or that are challenged by critical vacancies among senior leadership. Whether the leadership void results from operating challenges, a recent officer resignation, the need for added support during busy periods, or during an extended job search for the right permanent hire, our experienced executives provide immediate relief and value.

 

> Office of the CFO & Corporate Finance Support
The financial function is a critical partner in value creation in most businesses. We provide unparalleled support to the Office of the CFO to shape organizational strategy and enhance long-term business value. As CFOs and finance leadership across sectors face increasing demands, understaffing, and unprecedented challenges, we deliver guidance regarding financial planning and operations improvement, risk mitigation, and strategic business intelligence.

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