Financial Services: Distribution

The Client:
A family owned wholesale distributor operating in New York with sales of approximately $500 million, recently completed a sale of assets, acquired two additional out of state operations and had refinanced operations.

The Problem:
Operating costs had been increased disproportionately to performance over the previous two years, with additional pressure on sales and margins from new competition threatening financial performance and bank covenants.

The Need:
Restore profitability across all operating divisions and obtain increased interim funding during transition.

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