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Cody Clarke
Director, Other Professionals
Cody Clarke is an experienced financial professional in various industries, including manufacturing, healthcare, consumer products, and food and beverage. Cody's experiences include interim management roles as well as serving as an advisor to companies.
Kenny Greenstein
Manager, Other Professionals
Kenny Greenstein is a finance professional with experience in restructuring and turnaround, serving clients across multiple industries. He has worked in high-pressure situations involving liquidity management, process improvements, and Chapter 11 bankruptcies.
Sugi Hadiwijaya
Managing Director | Partner, Partners
Sugi Hadiwijaya has more than 20 years of combined experience in financial services and turnaround management, assisting companies with tasks such as cash management, securing of financing, business plan assessment, M&A activities, and financial modeling in multiple industries.
James Katchadurian
Senior Managing Director | Partner, Partners
James Katchadurian has significant experience in several highly visible insolvency matters.
Tom S. O'Donoghue Jr.
Senior Managing Director | Partner, Partners
Tom O'Donoghue offers a special perspective and deep understanding of business needs and objectives from serving numerous businesses as a turnaround manager, financial advisor, investor, and corporate executive.
Daniel Thompson
Manager, Other Professionals
Daniel Thompson is a practiced financial professional with experience driving financial performance improvement and strategic initiatives in the healthcare and life science industries.
- Process improvement measures to improve turnover and order completion
- Prepared company for future downturns
$150MM U.S. subsidiary of global branded spirits distribution and manufacturing company that was experiencing declining liquidity and increasing inventory balances. CR3 Partners was retained to assess the company's business plan and the resulting liquidity based on working capital requirements and identify opportunities to improve quality by changing SIOP parameters. CR3's analysis of contingent offsets highlighted the company's defenses to these offsets and low probability of application.
The Situation
- $150MM U.S. subsidiary of global branded spirits distribution and manufacturing company whose product is widely distributed through retailers and hospitality
- Company experienced declining liquidity and increasing inventory balances after COVID-19 pandemic
- Lenders were concerned about contingent offsets affecting future cash flow
The Work
- Retained to assess business plan and resulting liquidity based on working capital requirements
- Worked with management to complete analysis of business plan and projected liquidity
- Compiled internal and external options available to improve liquidity
- Identified opportunities to improve quality by changing SIOP (Sales and Inventory Operations Projections) parameters
The Results
- Identified ways to improve inventory turnover and meet company’s customer complete order requirements
- Analysis of contingent offsets highlighted company’s defenses to these offsets and low probability of application
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CR3 Partners Advises NEOPS Alongside SSG Capital on Sale of Debt
SSG Capital Advisors, LLC (SSG) acted as the investment banker to New England Orthotic & Prosthetic Systems, LLC and its affiliates in the sale of all of its outstanding senior debt to AHM Healthcare Strategies (AHM), an affiliate of Eschen Prosthetic and Orthotic Laboratories, Inc. (Eschen).