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Case Studies

Turning Around A Struggling Limo Service

Sold company to pay off secured and unsecured creditors, avoiding bankruptcy

The Company: A limousine company

The Issue: Company could not support its debt burden

The Work:

  • Appointed as CRO to create and execute business plan to enable company to pay its secured creditors
  • Streamlined operations, restructured sales team, and hired an outside company for business development
  • Turned around the company from successive losses to profitability within 14 months
  • Initiated a sales process, evaluated several offers, negotiated and closed a sale
  • The acquirer provided an employment agreement to former owner
  • Secured and unsecured creditors were paid in full


  • CRO
  • Turnaround
  • Business Operations
  • Exit Strategy


  • Service Industry
  • Transportation