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The company is a diversified private asset-based lender providing financing solutions to established middle-market businesses, emerging brands, technologies, and their sponsors. After substantial reductions in the Assets Under Management (“AUM”), the company’s Board of Directors decided to pursue new direction with its CEO and engaged CR3 Partners as CEO of the company. We stabilized the day-to-day business operations, oversaw Portfolio Management, and directed Originations while implementing regular and ongoing stakeholder communications. During our tenure as CEO, we also grew the AUM by approximately 45% and prepared the company for sale. We conducted negotiations with potential buyers, oversaw the diligence for the selected buyer, and provided shareholder distributions from the transaction proceeds. Post-transaction closing, CR3 created and implemented an entity dissolution plan, leading to the final shareholder distributions.
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 CR3 Partners Board of Managers is delighted to announce that James Katchadurian has been promoted to Partner with the firm.