Restructuring & Special Situations
Turnaround Execution
When the answer is “fix it,” a diagnostic deck is not a plan. We build an initiative portfolio with owners, dates, and dollar values, run it on a 90-day sprint cadence, and report progress in a format your lender's monitoring can track. Built for industrial businesses, where the turnaround lives on the shop floor and in the backlog — not in a spreadsheet.
Who calls us
The situations
- Companies exiting stabilization that must now earn their way out of the amendment
- Sponsors with an underperforming industrial platform between refinancing windows
- Lender groups that need a credible operational plan behind the forbearance milestones
What you receive
The deliverable
An initiative portfolio — every item sized in dollars with an owner and a date — run on 90-day sprints with a weekly operating cadence, and progress reporting tied to the 13-week model and the covenant math.
Diagnose, portfolio, execute, report
Diagnose
Margin bridge by product, plant, and customer; throughput and scrap; pricing discipline; backlog quality and bid economics.
Portfolio
Every initiative sized in dollars, assigned an owner and a date — no initiative without all three.
Execute
90-day sprints, weekly operating cadence, visible scoreboard.
Report
Progress in lender-monitoring format, tied to the 13-week model and covenant math. **Industrials note** Construction and restoration turnarounds run through retainage, surety relationships, lien rights, and job-level margin truth. Manufacturing turnarounds run through BOM inflation recovery, tariff pass-through pricing, tooling decisions, and supplier concentration. This is where we have operated. \[Manufacturing Firm and Mitigation and Restoration Firm tombstones here — confirm details\]
Construction and restoration turnarounds run through retainage, surety relationships, lien rights, and job-level margin truth. Manufacturing turnarounds run through BOM inflation recovery, tariff pass-through pricing, tooling decisions, and supplier concentration. This is where we have operated. \[Manufacturing Firm and Mitigation and Restoration Firm tombstones here — confirm details\]
Common questions
Straight answers
How is this different from a consulting engagement?
Owners and dates. We hold the operating cadence, sit in the building, and are typically accountable to the same board or lender milestones as management.
How long does a turnaround take?
Stabilization in 30 days, visible operating progress in one to two 90-day sprints, full margin recovery typically over 12–18 months depending on backlog cycle.
What if the turnaround reveals the answer is a sale?
Then the same team runs the process — see Distressed M&A & Capital Solutions. No handoff, no second learning curve, and Quality of Earnings and Exit Readiness & Succession pick up the preparation from there.
Related capabilities
Where this leads
CRO & Interim CFO Leadership
FL-3 · the seat that leads the fix
Read more →13-Week Cash Flow & Liquidity
FL-1 · the scoreboard under the plan
Read more →Distressed M&A & Capital Solutions
VC-5 · if the answer becomes a sale
Read more →Exit Readiness & Succession
Preparing the recovered business to be bought well
Read more →A plan with owners and dates
Diagnostics to a funded initiative portfolio in the first sprint.