This is a summary version of the award winning turnaround Click here and read a detailed outline of the actions taken by Turning Point Management Advisors Situation The Company is a steel casting supplier to a large industrial customer base and was a PE Firm orphan with no possibility of cash infusion. [...]
This Mid-Sized Steel Casting producer located in southern Iowa was (and still is) one of the country’s oldest continuously operating steel casting companies. The Company was founded in 1909. It originally served the farm equipment, mining, crane equipment and chain belt industries and was formerly located in the Milwaukee, WI area. In the early [...]
This is a summary version of the award winning turnaround Click here and read a detailed outline of the actions taken by Turning Point Management Advisors Situation The Company is a privately held aluminum foundry located in north central Ohio and is a low to medium volume, sand and permanent mold jobbing [...]
Situation The Company (or “MC”) is a privately held aluminum foundry located in north central Ohio. The Company's manufacturing and office facilities are situated on 13 acres of land. MC is a low to medium volume, sand and permanent mold jobbing foundry that manufactures aluminum cast products and provides a variety of after-cast services [...]
Situation The Company, a newly formed Company in mid-2010, builds bulk material transportation equipment primarily for the over-the-road tank and trailer industry. It is owned by a family-owned investment firm focused on building a portfolio of growth oriented, privately held companies throughout the local region. The Company was formed through a merger of two [...]
Situation A $200+ million, privately held ESOP, truck dealership based in the Upper Midwest with seven retail and service locations, had been incurring losses or struggling to achieve adequate profitability for several years after a number of organizational changes. Liquidity issues required the Company to refinance its line of credit. The newly appointed outside [...]
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 [...]
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 [...]
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 [...]
Situation 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 Company was operating under a forbearance agreement with the Bank and the Bank had lost confidence in management. The Bank insisted that the Company hire turnaround [...]
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