Case Studies:
Turnaround and Restructuring
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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Grain Distributor was found to be in a material over advance position after financial reporting errors were discovered by a new CFO.
Company had developed a program of high quality Organic & Non-GMO soybean seeds and a strong farmer network to serve very demanding international markets. However, it had significant turnover in…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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Restructured and implemented cash flow efficiencies for specialty furniture importer
Harney Partners was engaged to improve the reporting of the cash available to an established specialty furniture importer that supplied furniture to big box retailers. In 2021, following the COVID-19…Read More
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Led successful out of court restructuring of large, multi-office OB-GYN physician practice
The 50 year old Practice comprised forty physicians, seventeen separate legal entities, eight locations in Houston and surrounds and generated in excess of $40Mil in revenue per annum. In it’s…Read More
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Completed a complex tri-party refinancing for struggling sports retailer
The Company was a producer of non-apparel merchandise under license agreements with most professional sports leagues and a large number of colleges, theme parks, restaurant chains and cruise lines. They…Read More
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Provided financial advisory for the orderly wind down of a physician practice
A multi-location medical group specializing in diagnostic and interventional radiology requested assistance in an orderly wind down of the practice, including resolution of: Current and future payment obligations to active…Read More
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Served as Interim CFO for global PE-backed Pharmaceutical Company
A PE-backed global provider of clinical packaging/labeling, storage and logistics, clinical trial material procurement, and program design was experiencing significant financial issues. They had exhausted their revolver, were short on…Read More
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