Case Studies
J.S. Held Acquires Shechter & Everett to Expand Forensic Accounting Capabilities for Family Law Disputes in Florida
Read MoreJ.S. Held’s client was a $50 million manufacturer of high-end silk flower arrangements based in New Jersey.
The Company was challenged by several factors. The Company had recently written off several large receivables from some major retailers that had filed for Chapter 11 protection, a catastrophic computer crash permanently destroyed all of the Company’s data, and the Company’s recent acquisition of a West Coast-based competitor had not yielded the efficiencies that had been expected.
J.S. Held advised the Company as it consolidated the recently completed West Coast acquisition and implemented a broad array of financial and IT controls. J.S. Held also implemented a re-focused cash management strategy and assisted the CEO with the recruitment of a new CFO. The Company rapidly returned to profitability and J.S. Held assisted with refinancing its credit facility with a more supportive lender.
Brian F. Gleason, CTP
Senior Managing Director
Strategic Advisory Practice
+1 610 659 8118
[email protected]
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