Oil & Gas Wholesaler
Company:The Company was engaged in light oil (gasoline and diesel fuels) and heavy oil (lubricants) wholesaling and related convenience store retailing.
The Company asked Focus to assist in its objective to secure debt financing to support the execution of the Company’s business plan.
- Reviewed and analyzed the Company’s business operations, management and financial reports in order to identify the issues affecting the Company’s operations and viability.
- Worked extensively with Company Management to prepare an independent 13 week cash flow model, integrating multiple scenarios that incorporated volatile wholesale fuel pricing dynamics.
- Advised Management on alternative courses of action to maximize value and satisfy existing lender requirements.
- Advised Management to reorganize and upgrade personnel to lead the financial and accounting aspects of the operation.
The Company's current lender was convinced, as a result of the Focus recommendations, to provide continuing interim support to the Company. This allowed the Company sufficient time to secure replacement lenders willing to provide the appropriate long-term financing.