Tool & Die Company
Transaction Support
The Challenge
Recurring losses, margin erosion and lack of capital to invest in needed equipment.
The Solution
Stabilized cash flow and produced nominal profits to buy time with creditors to identify the exit plan. Then, implemented enhanced job-cost analysis and improved cost controls at every work center and in the fixed cost base of the company. Spun off non-strategic assets including real estate. Enhanced production scheduling to increase throughput allowing for the faster realization of margin in the backlog. Identified customer to be target of company offering memorandum and closed sale to customer in less than six months.
The Results
Took a nearly bankrupt company, turned it around found buyer and lead the process to close.
“I was ready to hand the bank the keys and Stebb helped us identify a path to exit the business with millions in hand. I am forever grateful to the guidance they provided us.”
— Former Owner (retired)