Long Distance Trucking Company
Company:$350MM Provide of Long Distance Transportation Solutions
A provider of long distance transportation solutions to a diverse range of carriers in the Midwest was experiencing financial difficulties.
Focus Management Group was engaged to analyze the Company’s financial situation and prepare a turnaround plan to right-size operations and improve profitability.
- Prepared a detailed 26-week cash flow forecast
- Developed a comprehensive business plan
- Negotiated with creditors to restructured all secured debt
- The creditors agreed to 50% payments over 6 months, which improved the Company's monthly cash flow significantly.
- Improved cash flow allowed the Company time to implement its turnaround plan, which Focus was heavily involved in.
- The turnaround plan has worked to perfection.
- Since Focus involvement, the Company has been highly profitable.