Renegotiated covenants for a $55M Window and Door Manufacturer’s PE firm and lenders
Situation
Company broke its debt covenants and was unable to accurately forecast its cash or financial performance.
Solutions
- Performed interim CFO services for 9+ months
- Developed a 13-week cash flow forecast and rolling forecast model
- Rebuilt flash reporting to improve data insights for an entirely new management team
- Oversaw rebuild of a crumbling IT infrastructure
- Restructured finance department, including hiring and on-boarding a new CFO
- Continued supporting the business as an outside consultant
Results
Company grew from $55M to $80MM in revenue and company was successfully sold for a gain during MMG’s engagement.
Interim CFO / Controller / FP&AManufacturing & Distribution
