Turning Around an Engineering and Manufacturing Contractor from Years of Financial Losses

Turned around a company from years of losses to positive EBITDA while reducing debt

The Company: An engineering and manufacturing military contractor

The Issue: Successive years of operational losses

The Work:

• Prepared rescue plan and negotiated new financing agreement
• Turned around company from years of losses to $1.5M EBITDA
• Reduced debt by $1M within 12 months, with additional reduction in following years
• Improved manufacturing productivity by 75%