Current Case Study Highlights

Home Health Care Portfolio:

CFO & Technology Consultant:  Led multiple technology projects related to CURES Act to maximize efficiencies. Interim and long-term CFO roles.  Revenue reconciliation & audit of $100 million firm; verifying revenue for prior three years for audit; assisting in analyzing collections related to HHAExchange and Promise; developed multi-year cash-flow models and performance metrics

Lumber Company:

7 locations, our firm was engaged to manage the wind-down of the business.  To save jobs, as well as maximize the return to the bank as the only secured party (assets were deeply under water), we solicited offers from strategic parties to buy assets and assume location leases.  Bank retained an auction company.  However, we found multiple strategic parties interested and the result was the auction company sold to a party we brought to the table.  Approximately, 80% of employees have been rehired.

Sand Company:

In default with its lender and creditors. Provided $400,000 in funding as bridge until sale. Company sold for appraised value. Owners recognized $2,000,000;  secured & unsecured creditors paid back in full.

HVAC Distributor:

Five locations & Operating losses; Bank covenant violations.  Developed cash flow models; implemented new operating and sales procedures; reduced staff and terminated leases; revised benefit package; reduced fixed expenses and converted to performance- based compensation and negotiated new loan terms with bank.  4 year later: company is operating lien and profitable, enjoying the fruits of our robust economy.

Telecommunications firm:

Mid-size landline, cell, cable, and Wi-Fi service provider.   Operating losses exceeded over $600,000/year for prior 3 years.  Bank covenant violations.  Restructured operations; sold cellular divisions to leading carriers; implemented new construction practices, project management and project accounting; reduced number of leases; reduced staff; hired new sales teams; revised accounting and operations departments. Within 6 months restored company to profitability; met bank covenants; and all is well.