Retained by $10MM electronics manufacturer to prepare business plan, project financial performance, and perform as lead on negotiations with secured creditor. Assist with the disposition of assets. Prepare operational review for secured creditor.
South Portland, ME
Retained by $50MM steel company to assist with financial system in high growth situation. Review of monthly financial closes, communication with secured creditor, prepare additional financial requests, prepare projections and cash flow analysis. Prepared collateral analysis for secured creditor to support advances on working capital line.
E. Thetford, VT
Performed a collateral audit on a $12MM furniture manufacturer with exposure of $3MM. Engagement included assessment of internal controls, inventory costing and analysis, and review of accounts receivable balances.
Retained as an advisor to a $20MM manufacturer for due diligence for various acquisition candidates. Worked with the management team to understand target company infrastructure fit and estimated post acquisition financial performance.
Retained by principals of high technology manufacturing company to assist in the negotiation of sale with the buyer, including valuation support and the due diligence process.
North Berwick, ME
Retained as restructuring professionals for an $80MM manufacturing company to conduct business analysis in support of restructuring plans and negotiation with creditors. Conducted operational review to assist decision making process with board of directors.
Retained by Bureau of Indian Affairs to prepare operational review of a $12MM manufacturer located in Old Town, ME.
Served as Chief Restructuring Officer for $10MM manufacturer including financial analysis and reporting, negotiation with secured creditor, and supervision of operations.
Served as Chief Restructuring Officer for $5MM manufacturer of a consumer product. Analyzed theft within the company and terminated management team members. Responsibilities included restructure of operation, new financing, and financial reporting. Led the sale of the company for recovery for secured creditor.
Served as accountant for a manufacturing entity in the reconstruction of financial records to prepare financial statements in support of workout and refinance with secured creditor. Served as lead on refinance effort out of distress with prior secured creditor.
Performed a collateral audit on a $90MM reel manufacturer with LOC exposure of $5.5MM. Retained by the secured creditor for six engagements.
Performed a collateral audit on a $15MM machine components manufacturer with proposed LOC exposure of $1.7MM. Retained by the secured creditor for three engagements.
Bellows Falls, VT
Performed a collateral audit on a $40MM automatic transmissions manufacturer with LOC exposure of $8MM.
Berry Mills, NB, CAN
Retained by shareholder to analyze transactions in partnership to determine cash flows to majority shareholder. Engagement involved complete reconstruction of financial records.
Retained by a secured creditor to monitor ongoing performance with respect to recovery plan for $25MM manufacturing firm in the fishing and marine industry.
Retained by a private capital company to establish accounting system and provide accounting oversight for $2MM.
Performed a collateral audit on a $18MM rope manufacturer with LOC exposure of $3.5MM. Retained by the secure creditor for two engagements.
Performed a collateral audit on a $15MM commercial door systems manufacturer with LOC exposure of $2MM.
Retained by minority shareholders for forensic accounting services in the analysis of financial transactions over a three-year period as litigation support and to assist in settlement discussions with majority shareholders.