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Project Oceana

About the Company

Oceana is a family owned and vertically integrated vegetable and fruit procurer, packer, and distributor. The Company produces 15 types of vegetables, and sells directly to food manufacturers, and distributors.

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Situation

The Company suffered a number of business disruptions in the 2018 production cycle leading to profitability challenges and tight liquidity.

Engagement

G2 quickly assessed the situation and delivered a strategic alternatives report. This lead to G2 implementing liquidity and financial management procedures, cutting non-profitable lines, outsourcing of internal fleet and drivers, and replacing leadership at two of the entities.

Outcome

G2 successfully revitalized the Company – decreasing the liquidity need by $13.4MM, executing a RFP on transportation services yielding significant cost savings, and is in the process of completing an amendment with the Company’s lenders.

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Whether you are experiencing strong growth or periods of distress, our team is exceptionally prepared to support your strategic objectives with bespoke solutions. There is no one size fits all approach.