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Case Studies
Our professionals have worked with companies and constituents across multiple industries to drive meaningful and lasting change. Each of our case studies summarizes our client's situation, our scope of work, and how the engagement team created value for all constituents.
Compact Appliance Distributor
The company was a $50MM designer and seller of compact appliances including beverage and wine coolers, ice makers, and other products through e-commerce retailers and direct-to-consumer sales.
Vertically Integrated Cannabis Grower
The company was a vertically integrated cannabis grower, processor, marketer, and retailer who engaged CR3 Partners to assess the company's business and performance improvement plan.
Quick Service Franchise Operation
The company was a $120MM quick service franchise operation that breached its covenant due to declining sales and hired CR3 Partners to assess its business plan.
Food Packaging Products Manufacturer
The company was a private equity owned manufacturer of food packing products created from merger of two equally sized companies. Due to an unsuccessful merger and failed lean manufacturing implementations, CR3 Partners was engaged to assess operational issues, inventory control, and poor liquidity.
JCPenney
JCPenney is a publicly traded company with 846 corporate locations and 12B in annual revenue that elected to file Chapter 11 bankruptcy due to COVID-19 shutdowns, C-suite turnover, and changes to the business and merchandising plans.
Drilling & Services Company
The company is a $160MM oil and gas drilling and heavy-haul moving company with operations in multiple locations. A drop in oil prices caused a reduction in rig fleet utilization, EBITDA and cash flow, which caused the company to default on its term loan and revolving line of credit.
OCTG Manufacturer & Distributor
The company is a leading manufacturer and supplier of Oil Country Tubular Goods in the petroleum industry. Suffering from the oil price drop and high levels of high-cost inventory, they were at risk of covenant defaults and availability restraints.
Retail Marketing Company
The company was a large consumer products marketing company that had experienced a decline in liquidity, was anticipating continued near-term declines, and had concerns about missing covenants due to an expected 50%+ decline in EBITDA.