You turn to Accordion.
We spearhead turnaround efforts as CFO. In collaboration with management, we immediately undertake a strategic deep dive into operations and assess various transformative opportunities. Specifically, we:
- Help you secure a large contract featuring low-risk, capital-light services with a global telecommunications provider which, coupled with certain cost rationalization initiatives, creates a breakeven enterprise.
- Assist your management team over the next 12+ months as they successfully transition the business from its former focus to its new platform, including relocating its US facility and selling its Dominican Republic entity.
- Continue to serve as CFO (18 months) during the transformation, as well as CEO (5 months), and Director of FP&A (6 months).
Your value is enhanced.
After 18 months, your company has successfully optimized headcount and seen EBITDA improvement from negative $18.5M (year prior to engagement) to positive $1.0 million (TTM upon engagement completion). Additionally, you have signed multiple multi-year, multi-million-dollar services contracts and settled more than $30M in balance sheet and contingent liabilities for approximately 20% in near-term cash usage. All of this, on top of facility maneuvers, an enhanced monthly reporting package, and strategic recruitment results in you securing $25M+ in additional investment from incumbent stakeholders to fund operating losses, settlements, growth-related capital expenditures, and working capital needs.