Active Hands-on Input and Actions Address Profitability and Divestment IssuesMarch 8, 2013
An initial business assessment resulted in detailed recommendations for the $50 million revenue concern that targeted a specific profit improvement initiative of $1.9 million.
While the company continued to battle competitive pricing and increasing insurance costs, subsequent plan implementation produced $1.5 million in profit improvements for the targeted initiatives.
Qorval’s assumption of CRO and COO roles stabilized the operation and allowed a thorough assessment of the company’s business units’ profitability and needs.
Qorval’s analysis and on-site involvement provided the ownership groups and bank with the facts and on-site support needed to manage the sale of the trucking segment and transition the focus of its efforts and resources to growing the waste processing group.
Qorval, which was formed in 2003 and is based in Naples, FL, specializes in providing hands-on expertise to underperforming companies, both domestic and international. Specific areas of experience include investment platform build-outs, financial advisory services, turnarounds and workouts, crisis and interim management, business systems and process optimizations, mergers and acquisition integration, operational due diligence and restructuring counsel.