Case Studies
Industries: Manufacturing, Automotive
Primary Services: Interim Management, Strategic Advisory, Profit / Operational Improvement
The Company was a Tier 1 Automotive Tool and Die Manufacturer located in Michigan.
The Company had been recently purchased out of bankruptcy. The previous management team had been terminated, the Company had no backlog of projects, and it was completing work on its one remaining large project. The plant was operating at less the 15% of capacity and revenue was expected to completely evaporate within 2 months.
Our experts were engaged to serve as the Chief Restructuring Officer to assist the Company with a restructure of its management team and marketing efforts. We worked with the Company to completely overhaul its accounting and finance functions as well as design a marketing strategy and pricing system that improved the competitive position of the Company with the major automotive companies. Within three months, the Company was able to win business that allowed it to operate at above 80% capacity and the Company achieved cash flow positive position for the first time in 3 years.
Brian F. Gleason, CTP
Senior Managing Director
Strategic Advisory Practice
+1 610 659 8118
[email protected]
> Chief Restructuring Officer (CRO) & 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.
> Turnaround & Restructuring Services
Navigating the many challenges confronting a company in transition requires an operationally focused approach that looks beyond the balance sheet to minimize further degradation and build a path to sustainable growth. Drawing upon decades of experience in the turnaround space, we help companies in transition identify practical strategies to improve profitability and liquidity for immediate relief, while concurrently developing and executing a comprehensive turnaround plan for long-term, sustainable value creation.