A Successful Company Needing Financing

Situation A mid–sized iron foundry in the Upper Midwest had successfully orchestrated a business turnaround and bank credit line renegotiation through the management and guidance of the principals of Turning Point Management Advisors. However, the most recent economic downturn caused the Company's monthly revenue to drop precipitously by 50-75%. The Company needed additional financing [...]

Manufacturing Company Facing Foreclosure

Situation A mid–sized manufacturing company based in the Upper Midwest with three operating divisions, an iron foundry, a machine shop, and a bridge inspection crane manufacturing unit, had been losing money for several years in its foundry and machine shop divisions. The crane manufacturing division was profitable but was only 20% of total company [...]

Managing A Severe Cash Crisis At An Aluminum Foundry

Situation A small aluminum foundry with sand and permanent mold operations, based in the East Central United States, had been losing money for several years. The company had severe cash flow problems as it was struggling to meet pat due supplier obligations to continue operating as a going concern. It had used all its [...]

Ramco Innovations, Inc.

Turning Point Management Advisors, LLC (Turning Point"), a leading consulting firm providing business recovery solutions, interim executive management and business brokerage services, is pleased to announce their client, Ramco Innovations, Inc. (Ramco"), Des Moines, IA, has sold Humboldt Controls and Fabricating LLC (HCF"), Humboldt, IA, a division of Ramco, to Voyager Aluminum (Voyager"), Brandon, MN effective April 30, 2011.

Turnaround Manufacturing Industry; Interim Executive Management

A family owned investment firm acquired two outstate, Minnesota-based, manufacturing companies. Unfortunately, under the new management, the company was not profitable. Turning Point assumed the roles of executive management and were charged with running the Company's day to day operations and reported directly to the Company's board of directors.

Turnaround: Manufacturing Industry; New Credit Facility

A mid-sized iron foundry in the Upper Midwest had been losing money for 3 years in a row and had defaulted under their credit agreement. The principals of Turning Point were engaged to assess the Company's financial and operational plans, to manage the cash crisis, drive a turnaround and re-establish the basis from which to renegotiate the credit facility.

Turnaround Manufacturing Industry; M&A Advisory

A mid-sized manufacturing company based in the Upper Midwest had been losing money for several years. Turning Point was engaged to manage the severe cash crisis, assess the Company's financial and operating plans, drive a financial turnaround, and re-establish the basis from which to renegotiate the current credit facility, seek a new lending partner and/or sell the business units.

M&A Advisory: Manufacturing Industry – Business Division

A business division was established in 2001 in Humboldt, Iowa as a strategic expansion of a parent company. The parent decided to sell the division. The parent company retained Turning Point to advise the Company and determine the best options to optimize the divisions value to the parent.

M&A Advisory, Manufacturing Industry

A mid-sized iron foundry in the Upper Midwest had successfully orchestrated a business turnaround and bank credit line renegotiation through the management and guidance of the principals of Turning Point. However, the most recent economic downturn caused the Company's monthly revenue to drop precipitously by 50-75%. The Company needed additional financing and/or capital to sustain itself during this business downturn.