Interim Management


    NorthStar Management Partners, LLC

    $240M FASHION EYEWEAR AND JEWELRY DESIGNER AND DISTRIBUTER
  • Provided Interim Treasurer services including managing a multi-layered LIBOR-based line of credit facility, negotiating and settling several troublesome actions against the Company, and maintaining the integrity of the finance and accounting departments until a permanent CFO was integrated.

    $20M MANUFACTURER OF HANDMADE RACING BICYCLES
  • Provided full-time interim CEO, CFO, turnaround, and transaction management services for 16 months. Developed and successfully implemented a complete operational and financial restructuring plan including refocusing the Company on core competencies, exiting non-core business segments, implementing just-in-time inventory processes, improving plant efficiencies, liquidating excess finished stock, eliminating off-site warehousing, revamping European distribution operations, developing extensive new marketing program, negotiating with unsecured and secured creditors, refinancing secured debt, and selling the business to new equity sponsors who provided additional growth capital.

    $20M CHILDREN'S HAIR ACCESSORIES DESIGNER/DISTRIBUTOR
  • Provided interim CFO and turnaround consulting services, including successfully restructuring finance and accounting functions, mending banking relations, eliminating formula over-advances on line of credit, implementing cost reductions, and identifying and hiring permanent CFO.

    $18M HOLDING COMPANY WITH INTERESTS IN TECHNOLOGY, COMMERCIAL REAL ESTATE, AND INDUSTRIAL METALS
  • Provided full-time interim CEO, turnaround consulting, and transaction management services for 12 months. Successfully refinanced the real estate and metals businesses and led the development and execution of turnaround plans for the metals and technology businesses, including managing two critical product development initiatives in the technology business, acquiring a synergistic product line from another company, securing additional angel equity to support initiatives, developing new marketing materials, and meeting with all product distributors to launch new product lines.

    $16M HEAVY EQUIPMENT MANUFACTURER
  • Provided full-time interim CEO and turnaround services for 13 months. Developed and implemented strategies to refocus Company on core products, expand distribution network, reduce operating costs in manufacturing plant, increase throughput, and improve margins. Negotiated with unsecured and secured creditors in the restructuring of debts, and improved relationships with major customers through personal meetings to rectify legacy problems of design and delivery. Also expanded engineering resources in various regions of the U.S. in order to improve engineering quality and capacity.



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