Case Studies
We are proud of our track record. Since our inception in 2000, Strategic Partners has successfully guided every client through a successful turnaround.
Our achievements include:
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Successful turnaround of a national telecommunications cabling subcontractor.
Telecommunications Case Study
This commercial and government subcontractor expanded through the opening of multiple offices throughout the Southeast and Mid-West United States. Although its Headquarters Division continued to prosper, poor management and financial controls in regional offices resulted in corporate-wide operating losses which ultimately led to a filing for bankruptcy protection. Strategic Partners' professionals introduced proper financial controls, identified the source of losses, assisted in the closing of non-performing offices, and successfully negotiated an agreement with vendors and the Internal Revenue Service. This company successfully emerged from bankruptcy and subsequently achieved record sales and profitability.
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Successful refinancing of a technology consulting/ systems integration company.
Technology Case Study
This company experienced the adverse effects related to the overall downturn in technology spending, and as a result, its lender sought to exit their loan facility. Our professionals assumed interim control of operations, stabilized the company, instituted cost reductions, tightened expense controls, and improved management tools to better manage staff utilization and the sales operations interface. We successfully moved to the credit facility to a new lender and have continued working with the company in an outsource management role.
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Successful turnaround of a regional floor covering residential and commercial contractor.
Floor Covering Case Study
This family owned company, established in 1899, during a period of rapid growth, allowed operational and financial controls to lapse and overhead to escalate. Large operating losses and an inventory shortage forced this company to seek Chapter 11 bankruptcy protection. Our professionals assumed interim management of this company, reduced overhead, introduced operational and financial controls, and gained the confidence of vendors, customers and employees. The company successfully emerged from bankruptcy and has since increased sales by over 50% with record profitability.
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Successful refinancing and management of four-fold revenue increase for a manufacturer of interior furnishings for passenger railroad cars.
RailCar Furnishings Case Study
This 20 year old design, engineering and manufacturing company suffered a cyclical downturn in business and was forced by its financial institution to seek alternative financing. Strategic Partners professionals prepared a comprehensive Business Plan and successfully arranged for new financing at lower rates. This Company subsequently secured the largest order in its history, and requested Strategic Partners to assist in managing an expansion of the Company's infrastructure to accommodate a four-fold increase in revenue.
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Successful turnaround of a commercial regional subcontractor
Regional Subcontractor Case Study
This established and rapidly growing subcontractor expanded vertically through the opening of its own manufacturing plant and horizontally by opening a service and maintenance division. The start up costs of these new divisions, and the lack of sufficient infrastructure to properly manage operations, overwhelmed the company, resulting in large operating losses and a cash flow crisis. Strategic Partners professionals quickly segmented and analyzed the business operations, supported the closing of its service division, assisted the company in increasing prices and operating margins through an analysis of competitive pricing and internal costs, improved internal controls over material costs, and assisted the company in realizing a 20% reduction in force. We are currently working with the company to fully integrate business processes and systems to provide management with the necessary infrastructure to manage future growth.