NGA Role
• NGA was retained at the recommendation of the secured lender to provide turnaround consulting, management coaching and refinancing guidance.

Problem
• Third-generation managed company had fallen on hard times due to loss of major customers, lack of cash to purchase raw materials, lack of credit with vendors and challenges with customers.

NGA Solution
• NGA worked with management on creation of a revitalization plan to address weak cash flow, raise cash for operations, reduced staffing to meet level of current revenues, clarified management responsibilities.
• Lack of viability was determined at current revenue levels and lack of capital to operate business.
• NGA determined need to sell business, rather than liquidate.
• NGA worked with owners to list building for sale.

Outcome
• Company negotiating for sale as a going-concern. Real estate listed for immediate sale.

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Contact Info

4675 Cornell Rd #195
Blue Ash, OH 45241

513-489-7399
turnaround@newgrowthadvisors.com

Daily: 9:00 am - 6:00 pm
Weekends: Closed

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