Determined liquidity requirements and established EBITDA targets utilized as the basis for a senior debt restructuring. Modified annual and short-term forecast models resulting in operational improvements, a revamped business model and senior management realignment.

Assessed long-term business prospects, liquidity requirements and cost reduction initiatives, and conducted a valuation of the business. Managed a successful operational and financial restructuring involving the closure of unprofitable locations, the significant reduction of inventories and the revision of the senior management compensation plan.

Developed financial projections and liquidity requirements of a multi-divisional business in light of declining EBITDA and an over-leveraged capital structure. Supported senior debt restructuring.

Conducted a financial and operational diligence on behalf of subordinated lenders and determination of optimal capital structure which resulted in the conversion of a portion of subordinated debt into a material equity ownership.