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Case Study: Electronic Components DistributorTurnaround Plan Development & Implementation, Interim Management, Liquidation ConsultingCompany: $30 million subsidiary of a publicly-traded Canadian parent engaged in the wholesale distribution of produceSituation / Tasks Performed: The Company was experiencing erratic earnings and became a drain on cash for the parent company. TRG was initially brought in to perform an analysis of the American subsidiary to identify the business issues contributing to lack of profitability and create a turnaround plan. Subsequently, TRG was hired on an interim general management basis to implement the turnaround plan and prepare the business for sale. Results: TRG managed the subsidiary for six months, culminating in the sale of substantially all the business operations and assets. Subsequently, TRG was appointed as liquidation agent to wind-down the remainder of the subsidiary's financial affairs and supervise the distribution of the proceeds to satisfy creditor claims. Nature of Assignment: Primary: Turnaround Plan Development & Implementation Secondary: Interim Management Tertiary: Liquidation Consulting Industries: Produce, Distribution |
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© Copyright 2007 The Recovery Group, Inc. All rights reserved |
