Process Improvement Helps Third Generation Family-Owned Business Fraud and Avoid Bankruptcy
Revenue: $35 million
Challenge: A 3rd generation family-owned parts distribution business with 36 branches around the country had incurred significant losses due to mismanagement and theft.
Solution: After extensive analysis, discussions with vendors, banks and management, we designed a plan to cut costs, streamline processes and procedures, adjust pricing schemes, refinance company debt and develop strategic planning.
We not only saved the company from bankruptcy, but it was also able to become the number one company in its industry.