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Automotive Supplier - Example B

Automotive Supplier  - Example B

A fuel and brake line supplier to automotive industry purchased out of bankruptcy

	Revenues had declined 30% in three (3) years Excessive leverage Inadequate cost systems Insufficient management of rapid expansion into emerging markets
	Right-sized organization by eliminating 205 positions Initiated customer diversification program, away from Ford Established new system of financial controls Re-vamped the capital structure
	Reduced SG&A and Engineering expenses by $4.2 million EBITDA restored in 1 year to 7.5% of Net Sales, 8.6% in following year Restructured and sold in less than a year with an IRR of nearly 100%

RESK partners take on management roles of Chairman, Chief Executive Officer, Chief Financial Officer and Chief Operating Officer.

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