Do you have any further questions? How can we help you? Get in touch with us.
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. CR3 Partners was initially engaged by a creditor but transitioned to debtor-side to improve cash flow, rebuild profitability, and better position the company for a sale. CR3 developed 13-week cash flow projections, accelerated operational changes, and developed financial projections, which earned support from lender who provided a ~$2MM extension of credit. The company regained profitability, relaunched a sales process, and was successfully sold to a private equity firm.
Roll-up mergers can create significant value through scale and cost savings, but not all roll-ups perform as expected. Speed of integration may be the most challenging factor when acquiring and consolidating multiple assets.
Sometimes an unconventional approach validates an uncommon way of thinking. When an organization seeks interim management, it is typically distressed. A new CEO is named, and restructuring commences with the goal of continued operations or an exit.
How do a management team and Board of Directors know when to engage an interim manager, and how do different situations determine the type of interim manager they should hire?
CR3 Partners was recently named to Consulting Magazine's list of Best Consulting Firms to Work For. It is an honor to be part of this distinguished list of companies.
CR3 has appointed new Partner Suzanne Roski to expand and lead this practice in our new Richmond office. Suzanne's background includes over 35 years of professional experience with troubled companies, litigation, forensic investigation, and valuation consulting.
CR3 Partners is delighted to announce that Tim Skillman has joined as a Partner of the firm and will be heading the new CR3 Partners Los Angeles office.
CR3 Partners is pleased to announce that Tim Shanahan has joined the CR3 Partners team and will be based in its Chicago office.
The leadership of CR3 Partners, LLC, today revealed the details of their newly-formed national turnaround and performance improvement firm.