Private Asset-Based Lender
The company is a diversified private asset-based lender providing financing solutions to established middle-market businesses, emerging brands, technologies, and their sponsors.
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Interim Management
Whether distressed, stressed or simply in transition, interim management clients benefit from our professionals’ balanced experience in both financial and operational restructuring situations. Because many of us have also served as company-side executives, we can quickly assess, stabilize and fix the business for maximum positive impact.
We provide hands-on leadership to set the company on the path to success.
We lead effectively through difficult transitions by stabilizing and fixing the business. We plan for our own exit by recruiting new management and providing them with a clear roadmap for the future once we finish our work.
Our management executives come armed with performance improvement as well as industry-specific knowledge, which minimizes ramp-up time and maximizes impact. From nonprofits to family businesses to publicly held corporations, our professionals have deep experience working with internal teams of all sizes to establish priorities, then communicate and execute a growth, crisis, or turnaround plan.
Interim management roles our experts commonly fill include:
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CRO
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Interim CEO | CFO | COO | GM
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Controller
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VP or Director of Sales
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VP or Director of Engineering
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Independent Board Member
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Aftermarket Automotive
The private equity-owned aftermarket automotive company had embarked on an aggressive growth strategy growing revenues to $110MM and EBITDA $19MM, but the company was highly leveraged with $125MM in secured debt. Initially retained as CRO to determine the viability of the business.
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Beauty Consumer Products
The company is a $80MM branded consumer products company primarily focused on selling women's haircare products. Due to poor management decisions during a sales process that resulted in declining financial performance, buyers lost interest in closing a transaction.
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Digital Media Services Provider
The company is a $68MM private distribution, logistics, digital media, and licensed merchandiser with 250 employees. Following loan default and continued poor communication with the lender, the company hired CR3 partners to assess the business and ultimately engaged a member of the team as interim CFO.
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Garden Fresh Restaurants
The company is a 40-year-old California-based soup and salad cafeteria chain operating 130 restaurants. Faced with declining sales, challenging labor costs, significant debt burden, and multiple internal operational issues, the company was forced to file for bankruptcy.
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Integrated Construction
The company is a $100MM designer, manufacturer, and installer of glass and metal enclosures for mid-rise and high-rise buildings with a strong sale backlog. Engineering, financial systems, and field management infrastructures were unable to keep pace with the growth.
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Japanese Restaurant Chain
The company is a well-known Japanese fusion style restaurant chain. A weakened economy exposed operational issues and profits, EBITDA, stock, and image all declined significantly. Management lost focus and a new CEO was hired.
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Pilgrim's Pride
The company was the largest integrated chicken producer in North America with 25% of the market share and over 45,000 employees. With over $2.5B in debt and after lost $300MM of EBITDAR, CR3 professionals served as CRO and assisted led the company through numerous operational efficiency initiatives.
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Retail Store Fixtures
The company was a $140MM roll-up of eight companies that produced high-end, retail store fixtures. The company suffered from declining revenues and EBITDA dropped to nearly zero with a balance sheet containing over $100MM in debt.
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Shallow Water Exploration & Production
The company was an exploration and production company with resources in the shallow water of Louisiana and was caught in the downdraft of fall oil prices. Turmoil in the industry limited its feasibility of obtaining new financing as mechanic and other liens were levied on the company.
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Texas Rangers Baseball Club
The client was the $160MM equity holding company for the Texas Rangers Baseball Partners (TRBP). Owner Tom Hicks filed a pre-packaged bankruptcy to sell the team, but the banks denied it due to the price, so the team's parent company's bank mandated an involuntary bankruptcy.
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