Services
Our Turnaround Group offers four primary service lines: business turnaround services, corporate restructuring, financial advisory and investment banking. As turnaround situations are complex and unique, we are prepared to utilize our various services and skills to achieve the best results for our clients.
Success Stories
A third generation manufacturer that had historically been profitable had recently been reporting growing losses resulting in broken covenants on the company's line of credit. Warren Averett was engaged to assist management in determining the cause of the losses and to assist in developing a plan. Warren Averett prepared a product line profitability analysis and determined some products were being sold at negative margins.
The company had recently outsourced the partial production of some of its product lines. While outsourcing was a viable alternative, management had not eliminated the fixed costs in the plant related to the items being outsourced.
