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
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