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Operational Turnaround Engagement

Client — $65 million Division of a Tier 1 Automotive Supplier of Metal

Improvement Opportunity

  • Losing -5% EBITDA
  • Liquidity crisis threatening current production and several new product launches
  • Lack of timely and accurate financial data

Approach

  • Stabilized and controlled short-term cash
  • Provided financial and operational forecasting to support intensive negotiations with bank, OEMs
  • Coordinated supplier deliveries and payments with customer and financial advisors
  • Interim general manager of division

Results

  • No interruption to production
  • Improved uptime by 30%
  • Flawless launch
  • Consolidation of three plants
  • 9% positive EBITDA in five months with very little capital expenditures