Turnarounds, Workouts & Crises Management

Amvest associates have been involved in numerous business turnarounds and workout situations for various size companies in diverse industries. Amvest works with existing management or assumes key management positions. In many cases, a third party consultant or management team is needed to provide an objective viewpoint and implement immediate action to turn around the company and frequently, their utilization is the best solution to satisfying lenders.

Amvest associates have been utilized by lenders, shareholders and senior management to evaluate the situation and take command of faltering companies and restore profits or proceed with an orderly dissolution.

An objective third party can often see into an organization much better than an insider. Inside management is often too busy putting out fires, too close to company personnel and too often unwilling to make the necessary drastic decisions.

Our turnaround, workout and crises management services are tailored to our clients’ specific needs and goals. This may vary from an analysis and review of the crisis to presenting available alternatives or even fully taking charge of the company.

Our typical turnaround and workout services include:

• Recognition by management, shareholders and lenders that the situation is serious and requires immediate and drastic action

• Recognition that "cash is king" and must be preserved and collected, purchasing curtailed and a hiring freeze instituted

• Analyze all facilities, plants, equipment and personnel for utilization
   

• Analyze and restructure work-flows to increase productivity
   

• Identify, reduce and dispose of excess inventory and equipment
   

• Sell unprofitable or non-core operations

• Merge and integrate plants for increased efficiencies and profitability

• Notify and negotiate workout proceedings with lenders and creditors

• Avoid bankruptcy proceedings, if possible

Experience of Amvest Professionals