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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.
Buca di Beppo
$180MM national Italian restaurant chain that defaulted on its loan and had ceased interest payments. CR3 Partners was initially engaged to assess the company's cash position, but quickly transitioned to CRO.
Coach USA
A passenger transportation company that faced a decrease in passenger counts caused by the COVID-19 lockdowns and never recovered to pre-COVID levels. CR3 Partners was engaged to assess the company's liquidity, evaluate strategic options, and assist with financial preparations.
Luxury Home Goods Retailer
A $100MM+ luxury home goods retailer with significant sales deterioration that was very close to tripping their financial covenants. CR3 Partners was engaged to provide a comprehensive store assessment, recommending immediate store closure actions, potential go forward strategies, and estimated cash flow impact.
Tree-Based Fruit Cooperative
$300MM grower-owned tree-based fruit cooperative with inefficient plant operations and in need of an overadvance. CR3 Partners was engaged to manage liquidity, vendor communication, cash flow modelling, and multi-year business plan development.
Transportation Solutions Company
A second lien lender of a $50MM transportation solutions company referred CR3 Partners to the company to explore recapitalization alternatives, including the sale of the company, a direct infusion of capital from the second lien lender and/or existing shareholders, and court-supervised restructuring alternatives.
Hotel Portfolio
A $60MM eight-hotel portfolio was experiencing a liquidity strain due to a decrease in hotel guest traffic, resulting in a filing for bankruptcy proceedings to restructure its operations and liabilities.
Recycling Company
CR3 was engaged as the CRO to a multi-facility international recycling company that was experiencing declining profitability due to increases in freight costs and a poor product mix from a new key supplier.
Specialty Ice Cream
The company was a family-owned manufacturer of specialty ice cream and frozen novelty products.
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.