Case Studies:
Transportation & Logistics
Harney Partners was called in to provide leadership at the Company and, ultimately, to wind down operations and liquidate assets
Company in Central CA Coast wine country provided trucking services to move grapes, bulk wine, and bottled wine for vineyards using 110 tankers, vans, reefer units and flatbed trailers. They…Read More
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Harney Partners appointed CRO by Company’s Board of Directors to create and execute plan that ultimately led to successful liquidation of business
A central California-based company provided trucking services to move grapes, bulk wine, and bottled wine for vineyards using 110 tankers, vans, reefer units and flatbed trailers. The company also stored…Read More
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Helped long haul and short haul trucking company address operating deficits and increase profitability of struggling areas of business.
$90MM long haul and short haul trucking company operating in seven Midwestern States with 5 transfer terminals suffered operating deficits and was behind in loan payments as well as employee…Read More
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Provided turnaround services to specialty transportation company to reduce costs and resume profitability.
$114MM transportation provider of specialty materials throughout the U.S. operated from 15 terminals and corporate offices with 680 employees and serving 136 active customers, where the top ten represented 80%…Read More
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Specialty packaging and logistics company restores profitability and is recapitalized
A privately held transportation company in the business of packaging highly flammable and combustible products in the oil field service business was losing money, was in default with their senior…Read More
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Successfully completed refinance of senior secured lender with a third-party finance company for transportation company
Courier business that was operating in the south and midwest U.S. was in forbearance with its primary senior secured lender following a covenant default from a decrease in profitability and a deterioration of its liquidity.
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Harney helped chemical supplier and transporter tor oil field service company with reporting cash flows during forbearance period and re-finance of debt
A supplier in the Texas Permian basin of chemical solvents and anti-corrosion products was in default with its senior secured lender. The default was a result of misreported operating results…Read More
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Fraudulent expenses and data uncovered to help reach a settlement for private transportation consulting firm
The managing partner of a private transportation consulting firm discovered numerous expenditures of the firm’s funds that were unsubstantiated as business expenses for the years of 2011 through 2016. To…Read More
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