Case Studies
J.S. Held Acquires GLI Advisors, Strengthening Our Construction Project Support Services in the Western US and Hawaii
Read MoreThe Company was a privately held $45 million Chlorine Bleach Manufacturer in New Jersey.
Within a short period of time, the founder and his partner both passed away. The Company did not have a strong management team to weather this transition and had sought outside help. The Company’s lending institution became concerned that a default on the loan would be imminent. Monthly reports were not submitted and it was clear that the leadership problems were manifesting themselves in the financial performance of the Company.
Our experts engaged to evaluate the Company’s operations and to assist with the reorganization of its management team. During the evaluation, the Board of Directors appointed one of the J.S. Held associates as interim Chief Financial Officer. We introduced discipline to the Company’s processes and pricing and provided time for a new CEO to bring stability to the Company’s performance. Our team led the refinancing of the Company’s $15 million credit facility. The Company is in a growth mode and has returned to profitability.
Brian F. Gleason, CTP
Senior Managing Director
Strategic Advisory Practice
+1 610 659 8118
[email protected]
Joe Nappi, CTP
Senior Managing Director
Strategic Advisory Practice
+1 617 600 3602
[email protected]
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