MorrisAnderson

MorrisAnderson partnered with Company management to develop a consolidated business plan creating one unified company out of the three operating units, improving EBITDA 40% from $3.0 million in 2009 to $4.2 million in 2010.

MorrisAnderson served as CRO and interim CEO for this $70 million dollar cosmetics company. MA was subsequently honored with the 2010 TMA Atlanta Chapter "Turnaround of the Year" award for achieving impressive financial results, negotiating a successful sale, and saving 400 jobs.

MorrisAnderson was engaged as Financial Advisor to this third generation, family-owned seller of religious gift-ware and collectibles.

MorrisAnderson created a comprehensive financial forecast and reorganization plan for a major franchisee with 92 locations. The company avoided bankruptcy and was able to save 87 locations and 2,200 jobs.

MorrisAnderson was hired as Post-Confirmation Plan Administrator. Our team improved the recovery of unsecured creditors from 21% to 81% and negotiated $150 million of claims to be resolved versus $32 million of cash available.

This $50M, family-owned manufacturer of rotary mowers and farm equipment lost almost 20% of its revenue as a result of the economic recession (2008-2010). MorrisAnderson was engaged as Financial Advisor to address cash flow and ownership issues, as well as lender fatigue.

MorrisAnderson was engaged as financial advisor to the senior lenders to assess the business plan and macro-economic factors impacting this $150 million, US provider of marine transportation, distribution and logistics services for refined petroleum products.

MorrisAnderson was engaged as Financial Advisor to the lender group (10 lenders) for this vertically integrated poultry producer and processor with $600 million in annual sales. The Company was experiencing large cash flow losses due to steep increases in corn feed costs, coupled with decline in chicken prices due to industry over-capacity.

MorrisAnderson was engaged as financial and operations advisor to this consumer snack food manufacturer and distributor.

MorrisAnderson was engaged as Financial Advisor to this $300 million cheese producing facility.

MorrisAnderson was engaged to review the books and records and assist the SEC appointed receiver in his investigation.

MorrisAnderson led the aggressive wind-down of under-performing facilities, including the restructuring and consolidation of profitable Mexican operations.

MorrisAnderson was brought in as financial advisor to review the company’s forecast and develop a viable business plan.

MorrisAnderson was engaged to explore turnaround options and help return the company to profitability after their line of credit was frozen by the bank.

MorrisAnderson was brought in by the equity sponsors to evaluate the next tranche of investment opportunities and to negotiate with the mezzanine lender.

MorrisAnderson was hired to market the company through a planned Chapter 11 sale process under §363, but to control costs, the company was sold through a UCC Article 9 sale.

MorrisAnderson was engaged initially as financial advisor, then transitioned to interim management and investment banker for this $25 million plumbing supply company and HVAC distributor.

This historic African American cemetery found itself amidst Chicago media and government outrage over allegations of grave desecration. MorrisAnderson was appointed Chief Operating Officer by Bankruptcy Court as a neutral party acceptable to government and owners to properly reopen the cemetery.

MorrisAnderson was installed as CRO to assist in the implementation of a market-oriented inventory management system, which helped increase the pay-down amount to the lender by approximately $3 million.

MorrisAnderson was engaged to develop a liquidation plan that would be supported by Southline’s lenders and maximize the value of existing inventory.

MorrisAnderson was hired by the Board of Directors as Assignee in an Assignment for the Benefit of Creditors (ABC) as a strategic move to push the sale process forward.

MorrisAnderson was engaged to assist in refinancing efforts for this 65 location, $120 million in annual sales, restaurant group. One of our consultants acted as interim CFO and attracted $5 million in debt, helping to alleviate liquidity issues.

MorrisAnderson was engaged by Private Equity to assess the viability of the business and determine options to create value. By selling an unprofitable division and identifying additional cost cutting opportunities, our team helped create $5 million in working capital and facilitate a renewed relationship between the lender and company.

MorrisAnderson was engaged to help maintain profitability in spite of increased commodity steel prices coupled with a lender unwilling to advance funds during a crisis.

MorrisAnderson ran the refinance process and worked to source a new asset based and non-traditional financing partner. Wallace met its 2010 financial plan and is well-positioned with a strong financing partner.

MorrisAnderson was engaged by Private Equity to manage this liquidation and maximize value. By engineering an "out of court" bankruptcy, enough value was created to pay the secured lender 100% and recover $10 million in net value.

MorrisAnderson was engaged as Chief Restructuring Officer to manage the bankruptcy process.

MorrisAnderson assisted with the liquidation, helped create positive cash flow and led the company to a successful §363 sale.