Events

Chicago/Midwest Chapter Event
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Metal Fabricator Turnaround

Friday, May 17, 2019 - Friday, May 17, 2019
11:30 AM - 1:30 PM CST
Saul Ewing Arnstein & Lehr LLP
161 N. Clark Street, Suite 4200 Chicago, IL United States
Friday, May 17, 2019 - 07:30 to 09:30
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 TMA Chicago/Midwest Chapter Certification Committee Presents

Metal Fabricator Turnaround

Speaker:  Brian Stewart, The Keystone Group

Private Equity sponsors typically perform significant due diligence in their acquisitions to assess risks and opportunities. The diligence may include market, financial, customer, environmental, and other areas but unfortunately, is not fool-proof. Unexpected issues can quickly change the trajectory of a company; e.g., transitioning from a long-time owner, new tariffs, culture change, system challenges, and operational issues can "throw a wrench" in the initial deal economics and create a turnaround situation.

The Keystone Group has worked in many situations that did not go as planned and needed some turnaround assistance. This metal fabricator had made several million dollars in EBITDA for each of the past 20+ years and was ending a year with minimal EBITDA which led to liquidity challenges. Keystone was hired as interim CEO to determine a turnaround plan. The implementation involved several initiatives around sales growth, managing margins and the new steel tariffs, reducing scrap, labor, and quality issues and led to a quick return to significant EBITDA. The company is now positioned for strong growth, profitability, and ultimately a favorable sale.

Join us for this informative luncheon.



Hosted by Saul Ewing Arnstein & Lehr LLP

CTP/CTA's Complimentary Lunch provided - TMA Members Only are invited for a small $30 fee

CTP/CTA's 
Please RSVP to sue@managementservices.org

 

 

 

 

 

 

 

Event Cancellation Policy: 

Requests for refunds must be made in writing no later than 48 hours prior to the date of the event (e-mail is acceptable). No cancellations will be accepted within 48 hours of the event. Substitutions are allowed and must be submitted in writing (e-mail is acceptable). The substitute must be from the same firm as the original registrant and, if the substitute is not a TMA Member, the difference in registration fee will be required. Please note that if you register for the event after the cancellation deadline has passed, you will not be eligible for a refund should you need to cancel your registration. The cancellation policy applies to all registrants regardless of when the registration is submitted. Registrants who fail to attend the event and do not provide written notice in accordance with these policies and deadlines are responsible for full payment.

For more information, contact:

Sue Fischer
Assistant Chapter Executive
815-469-2935

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