Restructuring & Turnaround

CR3’s professionals are proud of their long track record as trusted and effective advisors to management and stakeholders when a business is underperforming, cash is dwindling, the future of the business is suddenly uncertain and immediate results are critical.

We anticipate and mitigate financial challenges before they strike.

In today’s business environment, financial or operational challenges happen fast. We regularly work with organizations facing mission critical issues, whether financial concerns (liquidity, leverage, financing) or operational concerns (sales performance, process inefficiencies, management transitions). Our process is fast, effective, and collaborative.

After assessing the situation, we work to make short term tactical adjustments that buy the company time to develop a strategic plan and acquire buy-in from stakeholders. Following that, we execute the plan, lead the restructuring while management runs the business, and create long-term, sustainable value for all stakeholders.

Our restructuring and turnaround professionals are highly skilled with a focus on:

  • Operational restructuring
  • Process improvement
  • Sales improvement
  • Organizational redesign
  • Efficiency improvement
  • Cost reduction
  • Contract restructuring
  • Crisis management

Related Case Studies

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Aftermarket Automotive

Aftermarket Automotive

The private equity-owned aftermarket automotive company had embarked on an aggressive growth strategy growing revenues to $110MM and EBITDA $19MM, but the company was highly leveraged with $125MM in secured debt. Initially retained as CRO to determine the viability of the business.
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Home Security

Home Security

The home security provider had $7MM in recurring monthly revenue (RMR), but was suffering from declining industry trends, increased competition, and significant technology upgrade costs.
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Consumer & OEM Plastics

Consumer & OEM Plastics

The client was a plastic blow molder with a line of retail products and a provider of custom OEM parts. Due to numerous missteps, key OEM customers were lost and operating performance declined, leaving the business at risk of violating covenants in their loan agreements.
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Organics Management

Organics Management

The company is an owner and operator of composting facilities and anaerobic digesters that accept organic waste from municipalities across North America.
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Dimension Recovery Centers

Dimension Recovery Centers

The client was an operator of residential substance abuse facilities. New ownership led to undercapitalization of the company, which combined with market challenges and changes in payor mix, led the company to seek guidance on stabilizing operations.
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New England Orthotic & Prosthetic Systems

New England Orthotic & Prosthetic Systems

The client was a private equity-sponsored provider of durable medical equipment and related services. Faced with revenue declines and liquidity impairment, the company engaged CR3 Partners to perform an assessment of operations.
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Custom Displays

Custom Displays

The company was a manufacturer of fixtures for major electronics and experiential companies that experienced volatile revenue and carried excess inventory. A CR3 Partners professional was engaged to assist in negotiations with the company's lender, analyze financial results, and make recommendations.
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Oil & Gas

Oil & Gas

The company had 80 operating wells in the Permian Basin with over $280MM of mechanic's liens filed against it. The company was in bankruptcy and out of compliance with certain bankruptcy filing requirements and faced a trustee motion and other adversarial litigation.
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Garden Fresh Restaurants

Garden Fresh Restaurants

The company is a 40-year-old California-based soup and salad cafeteria chain operating 130 restaurants. Faced with declining sales, challenging labor costs, significant debt burden, and multiple internal operational issues, the company was forced to file for bankruptcy.
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Electronics Wholesaler & Retailer

Electronics Wholesaler & Retailer

The wholesaler and online retailer offered general hobby products to 1,500+ independent retailers and direct to thousands of consumers internationally. The financial strain came from multiple angles and CR3 was engaged as CRO to revitalize the restructuring.
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Explore Insights

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CR3 Partners Named to Consulting Magazine list of Best Small Consulting Firms 2021
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CR3 Partners Named to Consulting Magazine list of Best Small Consulting Firms 2021

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.

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Four Paths to Increase Revenue in a Turnaround
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Four Paths to Increase Revenue in a Turnaround

When restructuring advisors are engaged to stabilize their clients' operations, they often focus on cutting expenses and controlling disbursements.

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CROs Adapt to Limits on On-Site Presence

Partner, David Tiffany walks us through how CROs adapt to limits on on-site presence in the most recent installment of the Turnaround Management Association's Journal of Corporate Renewal.

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