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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.
Home Security Provider
The company was a $4MM recurring monthly revenue (RMR) home security provider to homes and businesses in the eastern U.S. with over 200 employees. After it became clear that the sale process would not yield a full recovery to the company's lenders, CR3 was engaged to provide a CRO and additional personnel.
Express Grain Terminals
Express Grain Terminal was a $165MM family-owned grain elevator and crushing operator trading in corn and soybeans and bean by products that filed for Chapter 11 bankruptcy protection after the secured lender moved to dismiss management and appoint a receiver.
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.
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.
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.
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.
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.
Industrial Construction Company
The client is a $300MM heavy industrial construction company that experienced a decline in liquidity due to some significant chargebacks from customers related to disputed change orders, which pushed it into technical default with its secured lender.