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 Our client, a public
company, was experiencing operational and financial difficulty and on a path to disaster.
Within nine months, Colmen restored the Company to profitability, and positioned it to
sustain profitability for the foreseeable future."
W. Raymond Felton, Esquire
Greenbaum, Rose, Smith, Ravin, Davis & Himmell, LLP
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COLMEN TURNAROUND SERVICES
Case Studies:
Staying Ahead of the Market Demand Curve
Losing Focus - Losing Competitive Position
Click here to download our Turnaround
Services Brochure.
There are thousands of different types of businesses, but there are just a handful
of reasons why they fail to thrive. We know the reasons and how to correct them - quickly
and cost effectively. If the business you own, manage or represent is in financial trouble
or just chronically under-achieving, the COLMEN Team can improve profitability. Our broad
range of hands-on experience with many types of companies and industries enables us to
spot problems almost from day one, and begin resolving them almost immediately. Once
we’ve identified and implemented a new direction, your company will have a greater
value to you and your shareholders, as well as to prospective lenders, investors, and
buyers.
The COLMEN Turnaround Advantage
At COLMEN, we drill deep to look beyond the financial aspects to basics such as the
quality of management, market acceptance and manufacturing capabilities. To get a true
picture of performance, we study key factors, like product viability and life cycle, true
market share, and customer loyalty and perception. The result for our clients is a
broader, more meaningful basis for decisions and improved odds for a profitable outcome. |
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Our Turnaround Team
Serious problems demand serious talent. Each Turnaround Team member has
successfully owned or operated a business. We understand the reality of putting it on the
line to meet a payroll, generate profits and pay debt. We make recommendations and
implement successful programs that have practical everyday applications. The talents of
our seasoned line managers include years of experience and a proven track record in
evaluating and correcting problems. Whether the problems are operational or financial, by
placing these savvy individuals -- having numerous successful turnarounds to their credit
-- in key management positions within your organization, the odds for a quick and full
recovery are excellent. Unlike management consultants who issue reports to remedy their
clients’ problems, COLMEN’s Team is comprised of experienced business people
working side-by-side with you to identify problems, recommend solutions and implement the
corrective measures that restore your business to success.
Our Turnaround Process
Finding out what’s really going on in a company is often difficult. Yet, this
kind of information is a critical part of an under-performing situation. The financial
statement, important as it is, cannot by itself provide a complete picture. At best, it
can uncover the symptoms of a problem, without pinpointing the root causes. The COLMEN
difference is that we deploy one of our seasoned Team specialists directly on site to
serve in a full time position, as an integral part of the management team. Our COLMEN Team
members on site have the ability to jump-start the solution to the problem by eliciting
information from employees who may have resisted sharing insights with current management.
COLMEN understands that many of the answers lie within the fabric of the existing company,
so we include any appropriate knowledge gained into the “fix” strategy. Our
engagements typically span at least a year to ensure that the crisis review, planning and
the “fix” implementation are managed effectively. When your business is healthy
and running efficiently again, we can help you decide what to do next. You may want to
expand, merge, or sell. COLMEN draws on its Management Advisory and Investment Banking
experience to help you make the right decision and implement it profitably.
The Results
Our Turnaround Team has successfully re-positioned numerous companies resulting in
millions of dollars of increased shareholder value. Our success rate is exemplary because
we carefully select clients who are committed to making the difficult changes necessary
for a successful turnaround. Since the vast majority of our compensation comes from a
successful turnaround, we commit our top resources to ensure success. We are judged by the
quality of our results—not by the quality of our explanations.
Click here to download printable PDF
Document.
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