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Experience counts 

In the time critical situations arising during the turnaround process, decisions need to be made fast. This is where our deep experience in leading turnarounds can make the difference between success and failure. Whether is is high production scrap from older "less than perfectly maintained" machines or rapid build up of inventory, we've likely seen it before. Knowing what options are available and how to implement them quickly and efficiently is what we do. 

Case study: Aerospace & Defense Turnaround

Appointed following a 3-year decline in profits of 32%. and “Distressed Company Alert” from Moody’s Credit Agency with high probability of default.​ Assumed CEO role, implementing cost cutting, production efficiency and distribution channel optimization strategies.

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  • 15% revenue growth and 30% profit increase in first-year, growing EBITDA from $39.5M to $51.5M.

  • Increased revenue organically from $155M to $219M and more than doubled EBITDA over 6 year period

  • Secured $2.7B in contract awards for new product in 7 years.

Case study: Electric Motor Control Turnaround

Following a decline in revenues leading to operating losses and a cash flow crisis, assumed CEO and interim CFO roles. Restructured global sales team and implemented new planning and production systems leading to 30% CAGR top line growth over 5 years.

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  • Took the company from Chapter 11 to number 2 in the market

  • From zero to double digit EBITDA in less than 3 years

 

  • Increased manufacturing productivity by 20%

  • Reduced SGA costs by 20%

Case study: Polymer Products Turnaround

Assumed CEO role after company experienced a 30% decline in revenue, inventory build up and quality deterioration. 

Restructured production processes by shutting down a division and outsourcing a subassembly whilst entering higher margin markets leading to a 5X increase in EBITDA and 2X increase in revenue over a 5 year period.

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  • 4X return on turnaround capital invested

  • Highest revenue in company's 65 year history in year 3 of turnaround

  • Transitioned from low margin automotive customer base to marine and mining industry products

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