Case Study : Turnaround Operations and Obtain New Financing

A Seventy-five year old manufacturing firm was experiencing substantial losses due to weak market conditions. The Lender had made demand, and was pressuring the Company to repay all debts. Kellogg was engaged in order to:

1. Negotiate a one year extension agreement with the Lender. This allowed the Client to focus on turning operations around.
2. Evaluate financing alternatives, in light of operating losses.
3. Obtain $1.5 Million of new financing from a combination of sources: New Commercial Bank, State supported loan fund, New Equity from two sources. Kellogg prepared the financing books, negotiated deal terms and closed the transactions.

Case Studies

• Management buyout of Family-Owned Business
• Return National Tour Operator to Profitability
• Quick-Casual Restaurant Franchisee obtains growth capital
• Medical Products OEM Supplier
• Employee Stock Ownership Plan
• Turnaround Operations and Obtain New Financing
• Strategic Planning and Outside CFO
• Lender With a Substantial Problem Loan
• New England Community Bank
• 40-Year-Old Family-Owned Apparel Manufacturer
• Fast-food Franchisee
• Jewelry Wholesaler
• Start-Up Construction Equipment Manufacturer

What Our Clients Say

“The success of this acquisition and the integration of the acquired business into our company's business lines can be attributed to your consultancy, leadership and professional guidance. Your role, from due diligence, through contract negotiation, deal closing and post-acquisition integration, was incredibly smooth and effective. Execution was flawless.”

- Donald C. McQueen, EVP and COO
  Bank Rhode Island

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