Exclusive Financial Advisor
Project Iron Hoop
About the Company
Project Iron Hoop provides value-added outsourced loading and hauling services to waste management companies under exclusive, long-term contracts.
Exclusive Financial Advisor
Situation
Project Iron Hoop earns the majority of its revenue from several large domestic residential and commercial waste companies. Such high customer concentration leaves the Company with a limited ability to negotiate on price for customer contracts. In addition, a lack of working capital controls, strategic missteps on the part of the management team, and large outstanding insurance obligations have left the Company with a short-term liquidity crunch.
Engagement
The engagement is currently ongoing, and G2 is providing expertise in the form of a CRO sourced from inside G2, the identification of a new CEO, the maximization of short-term liquidity, and recommendations for new working capital controls.
Outcome
G2 successfully completed an operation restructuring of the Company. Leading to an eventual Article 9 used to rightsized the balance sheet and alleviate the business of excess debt.
Contact
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