Case Studies
Industries: Manufacturing, Metal Products
Primary Services: Turnaround Management, Business / Operational Assessments, Profit / Operational Improvement
Our client was a $140 million family-owned Steel Manufacturing and Service Center based in Michigan.
Due to the decline in the U.S. auto market, the Company was experiencing substantial operating losses. Additional complications included family management transitions, weak financial management, inefficient union operations, a highly leveraged plant expansion and lost support from its lenders.
Our experts conducted an operational assessment and assisted management in reinvigorating the three unions involved in this situation. As a result, plant efficiencies increased, overtime problems decreased, and labor costs were reduced. We also managed the liquidation of obsolete inventory. Finally, our experts restructured the Company’s debt, and the Company ultimately returned to sustained profitability.
Brian F. Gleason, CTP
Senior Managing Director
Strategic Advisory Practice
+1 610 659 8118
[email protected]
> Business / Operational Assessment
Most consulting firms approach a business assessment from a purely financial perspective — our assessments provide a 360° view of a business, addressing growth drivers, profitability, and uses of capital. Along with detailed financial performance reviews and cash flow forecasting, our comprehensive Business / Operational Assessment identifies the various challenges clients encounter throughout their operations.
> 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.