Restructuring & Turnaround Archives

Distressed Medical Clinic avoids bankruptcy and achieves record-breaking growth by correcting operational deficiencies

Distressed Medical Clinic avoids bankruptcy and achieves record-breaking growth by correcting operational deficiencies Client Situation A medical clinic operating for over 12 years had reached the brink of insolvency when the company engaged an experienced CEO with deep understanding of the healthcare sector—including sales, marketing, and all aspects of management—to execute a complete turnaround to save the company from imminent bankruptcy. Solution The CEO, now a NextLevel team member, [...]

Distressed Medical Clinic avoids bankruptcy and achieves record-breaking growth by correcting operational deficienciesAnn2020-10-07T16:31:54+00:00

Food processing company stabilizes operations, raises cash, and increases sales

Food processing company stabilizes operations, raises cash, and increases sales Client Situation A food processing and consumer packaged-goods company was growing rapidly but experiencing negative cash flow and violating loan covenants. This triggered the company’s lender to place the company in its workout group. One obvious cause was significant delays in the buildout of a new manufacturing facility, needed because the company struggled to fulfill sales orders using existing facilities. The [...]

Food processing company stabilizes operations, raises cash, and increases salesLisa Clarke2020-07-14T06:39:38+00:00

Sports Apparel Group of Large Corporation Achieves Renewed Growth and Customer Satisfaction by Correcting Operational Deficiencies

Sports Apparel Group of Large Corporation Achieves Renewed Growth and Customer Satisfaction by Correcting Operational Deficiencies Client Situation The team sports division of a $200M apparel group targeting athletic leagues, clubs and schools with distribution primarily through sports team dealers and decorators, was experiencing declining sales and customer service; excessive inventory growth; and deteriorating financial results. The apparel group management decided to replace the existing president with a new [...]

Sports Apparel Group of Large Corporation Achieves Renewed Growth and Customer Satisfaction by Correcting Operational DeficienciesLisa Clarke2020-07-14T06:50:30+00:00

Re-build of a Major League Sports Franchise from Bankruptcy into a Valuable Business and Championship Contender

Re-build of a Major League Sports Franchise from Bankruptcy into a Valuable Business and Championship Contender Client Situation A Major League sports franchise was purchased out of bankruptcy by a new owner. Having been divested from a multi-sport operating entity and been under league control for two years, the club’s employee base was inadequate, the season ticket base had shrunk to less than 25 percent of stadium capacity and [...]

Re-build of a Major League Sports Franchise from Bankruptcy into a Valuable Business and Championship ContenderLisa Clarke2020-07-14T06:16:28+00:00

Nationwide Transportation Company Transforms Recruitment, Retention, Performance Management, and Career Development Opportunities through Human Capital Strategic Roadmap

Nationwide Transportation Company Transforms Recruitment, Retention, Performance Management, and Career Development Opportunities through Human Capital Strategic Roadmap Client Situation A nationwide railroad company wanted to develop its first-ever Human Capital Strategic Roadmap – linked directly to the company’s Strategic Plan – and identified the following strategic outcomes that were to be delivered using the Balanced Scorecard approach: Hire and on-board best fit talented people who thrive living the brand [...]

Nationwide Transportation Company Transforms Recruitment, Retention, Performance Management, and Career Development Opportunities through Human Capital Strategic RoadmapLisa Clarke2020-07-14T05:18:32+00:00

NextLevel CFO Leads Music Publishing Company to Replace Banking Facilities and Emerge from Workout

NextLevel CFO Leads Music Publishing Company to Replace Banking Facilities and Emerge from Workout Client Situation A $65 million independent music publishing company, owned by two brothers, was suffering from poor financial performance, deficient cash management and lack of visibility into its business and financials by its bankers. Concerned about long term financial health, the bank syndicate indicated their preference to get out of the credit facility. One of [...]

NextLevel CFO Leads Music Publishing Company to Replace Banking Facilities and Emerge from WorkoutAnn2020-06-23T19:16:21+00:00

Wholesale Beer Distributor Seeks Restructuring Help to Avoid Bankruptcy

Wholesale Beer Distributor Seeks Restructuring Help to Avoid Bankruptcy Client Situation A wholesale beer distributor was acquired in a highly leveraged deal. A $25 million senior loan and revolving line of credit facility were obtained based on an expected level of EBITDA that was supposed to increase over time to lower the debt leverage and pay down the loan. Soon afterward, the company was not meeting its loan covenants [...]

Wholesale Beer Distributor Seeks Restructuring Help to Avoid BankruptcyAnn2020-06-23T20:15:32+00:00

Industrial Test and Measurement Company Needed New Capital Structure to Survive

Industrial Test and Measurement Company Needed New Capital Structure to Survive Client Situation A $280 million revenue manufacturer of industrial test and measurement equipment increased its debt to make a $180 million acquisition of the market leading color management technology company. It was the company’s second acquisition in two years. Within the next year, a four percent year-over-year decline in revenues combined with lower margins, resulted in leverage increasing [...]

Industrial Test and Measurement Company Needed New Capital Structure to SurviveAnn2020-06-23T20:14:37+00:00

Family-owned Safety Equipment and Hospitality Apparel Company Turnaround

Family-owned Safety Equipment and Hospitality Apparel Company Turnaround Client Situation A $20 million catalog B2B marketing and manufacturing company had experienced high turnover in the President’s position due to conflicts with the matriarch and patriarch founders of the business. Family influence and cronyism had crept into the organization affecting sales and morale. Solution An experienced senior executive, now a NextLevel Partner, was hired as a new CEO to implement [...]

Family-owned Safety Equipment and Hospitality Apparel Company TurnaroundAnn2020-01-15T00:13:39+00:00

NextLevel Partner Assists Manufacturer to Restructure and Improve Debt Lines

NextLevel Partner Assists Manufacturer to Restructure and Improve Debt Lines Client Situation NextLevel was engaged by a heavy equipment manufacturer to guide and assist in securing new banking services. The company competes in a global marketplace with revenues of more than $100 million and a recent growth rate of 5-10% per year. Due to both internal and external factors the company had significant losses in 2017. Subsequently the internal [...]

NextLevel Partner Assists Manufacturer to Restructure and Improve Debt LinesAnn2020-01-15T00:19:55+00:00