Buxbaum Group Turnaround Management has a long history of providing critical resources to debtors, creditors and other stakeholders interested in creating maximum opportunity from financially distressed companies in a wide range of industries. The turnaround portion of Buxbaum Group focuses on these strategic consulting services.
Led by the founders and senior officers of Buxbaum Group's nationally recognized liquidation, appraisal and turnaround business, Buxbaum Group Turnaround Management has extensive hands-on experience with successful workouts, turnarounds, and bankruptcy administration as former CEOs, COOs, and CFOs of companies in financial difficulty.
Strategic consulting services offered by Buxbaum Group that create value for stakeholders include:
- Interim management services
- Turnaround management consulting
- Creditor financial advisory services
- Debtor financial advisory services
- Operational and financial assessments
- Asset valuation and liquidation services
Strategy One - The Road to Recovery
In executing complex turnaround assignments, Buxbaum Group utilizes its expertise in a wide range of industries to quickly assess the viability of distressed companies. The team thoroughly analyzes the situation to develop alternative turnaround strategies, including downsizing, reorganization, divestiture and operational or financial restructuring. Strategy One provides the relevant information required to envision a strategy that provides stakeholders with an opportunity for maximum recovery.
Strategy One includes:
- A situation analysis of all facets of a company's operations, management, and capital structure to provide a preliminary viability assessment.
- A determination of the company's liquidity position to develop short-term cash forecasts and financing requirements.
- Developing turnaround initiatives required to maximize immediate profitability. The implementation of the optimum turnaround strategy.
Buxbaum Group provides efficient and effective solutions to challenging situations. If obtaining sources of financing is appropriate, the firm can call on its extensive contacts in the financial community to assist in obtaining additional equity capital with financial restructuring effected by our corporate finance professionals.
Buxbaum Group is committed to exceeding expectations through quality service and quantifiable results.
Partial Client Listing:
Rampage, Richman-Gordman, Ames Department Stores, Tijuana Water Supply, Quality Plus Supermarkets
Buxbaum Group’ management helped Rampage put its best foot forward after an ill-fated plunge into retailing in which the company opened too many stores, too quickly. With the implementation of procurement and manufacturing disciplines in conjunction with a downsizing strategy, Rampage was able to redirect critical resources and return to profitability.
The Buxbaum Group team held a board position representing the creditors, which helped this chain of name-brand discount stores pay off all creditors and return to profitability with a new management team, repositioning and successful marketing campaign.
Ames Department Stores
The strategy developed by Buxbaum Group's management after Ames emerged from Chapter 11 included a totally revamped management team as well as merchandise and purchasing strategies. As a result, Ames grew to over 455 stores in 19 states generating annual sales of approximately $4 billion.
To learn more about how Buxbaum Group can assist your troubled company or help protect your stake in a company, please contact our professionals at 818-878-3900.