Phase 1 Strategic Assessment & Operational Restructuring
ABOUT THE COMPANY:
The Company manufactures, markets, and sells bimetallic conductor products globally through a network of representatives, agents, distributors, and consultants.
SITUATION:
After a large failed acquisition, the Company defaulted on its debt and surrendered equity to lenders. Costs were inflated and the management team was unwilling / unable to address its problems – including declining, sales excessive SG&A costs, poor production planning, and inconsistent inventory management.
ENGAGEMENT:
G2 was hired to run a Phase I Assessment and provide a clear set of alternatives for the lenders and Board – including recommendations regarding the future path of existing restructuring plan. G2 later installed a Chief Restructuring Officer and executed a Phase II Operational and Financial Restructuring.
OUTCOME:
G2 acted in an interim management capacity for the Company, significantly reducing SG&A while adding structure to the business. G2 helped the Company increase margins by pivoting the product line away from commodities and toward higher-value items, instituting a proper sales and procurement processes, and reducing inventory by $1.5MM – which collectively increased liquidity from $4.0MM to $9.0MM. G2 also identified and hired a new CEO, and put the Company on track to double EBITDA on a 12-month go-forward basis.
DEAL TEAM:
SUB-SECTOR
Electrical Equipment
MORE LIKE THIS
Exclusive Financial Advisor
has received a growth capital investment from BBH Capital Partners
Exclusive Financial Advisor
a portfolio company of Dubin Clark has been refinanced by a subsidiary of Emigrant Bank
Exclusive Financial Advisor
has been acquired by TPS Group Holdings, LLC. through a Chapter 11 Section 363 Sale Process
Exclusive Financial Advisor
ABL Revolver & Long Term Loan Financing from PNC Bank and Energy Impact Partners
Exclusive Financial Advisor
Project Air
Phase 1 Strategic Assessmment and Operational & Financial Restructuring
Exclusive Financial Advisor
Project Fleece
Phase 1 Strategic Assessment & Financial Restructuring & Sell-Side
Connect With Us.
