Case Studies

Assisting with the Restart of a Large Beef Processor

J.S. Held Acquires Clark Seif Clark, Strengthening West Coast Capabilities for Environmental Claims, Disputes, and Catastrophe Response

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Home·Assisting with the Restart of a Large Beef Processor

The Situation

Beef slaughter and processing Company. Start-up of a shutdown company that was purchased through a 363 debt-to-equity conversion. Sales of $200 million.

  • The company was a start-up in the competitive beef slaughter and fabrication industry.
  • No infrastructure at the company in any function group.
  • Experienced CEO and President to build an organization, but no one else.
  • Aggressive start-up plan required many new hires, yet unemployment in the area is very low.
  • First large-scale beef processing facility in South Dakota.
  • The failed original business created many skeptical customers, creditors, and employees.

How We Advised

Our experts vetted the business plan for reasonableness and green-lighted the project.

  • Worked together with the senior management team on strategy, structure, and reporting.
  • Created tracking systems by working with IT.
  • Developed sales comps for the sales team to understand how they were doing.
  • Created financial function from scratch.
  • Tracked cash flow and accounting results for ownership.
  • Worked with government agencies to ensure compliance.
  • The company hired 350 employees in four months.
  • Revenue increased to $3M per week in six months.
  • The accounting department provided useful tracking data on a daily basis, as well as monthly financial statements.
  • The sales team understood where to focus sales efforts.
  • Operating expenses were kept in line with projections.

Key Contact

Dan F. Dooley, CTP 
Senior Managing Director 
Strategic Advisory Practice 
+1 603 660 8952 
[email protected] 

Related Practice Areas

> Business Plan Validation 
We deliver integrated solutions for distressed and insolvent businesses that maximize recovery, mitigate risk, and restore enterprise value. Our experts are retained to help distressed organizations stabilize operations, protect stakeholder interests, and execute turnaround strategies. We take an operationally-focused approach that looks beyond the balance sheet to minimize further degradation and build a path to sustainable growth. Our team delivers hands-on guidance and independent analysis to lenders, creditors, legal counsel, executive teams, boards of directors, and investors. 

 

> Turnaround and 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. 

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