Case Study – $40MM Construction Supply Firm

Client Situation
Sales Declines More Than 40% – Liquidity Crisis – Bank Pressure Increasing – CEO Strategy Failing

ForteONE Actions
Forte installed to lead turnaround, hired new CFO, renegotiated supplier contracts, direct sourced new overseas suppliers, deep cost cuts, reinvigorated direct marketing program and sales force, changed pricing strategy

Change Delivered
Cash flow positive in four months, primary and mezzanine loans renegotiated, company positioned to be dominant player when market conditions improve

Case Study – $60MM Manufacturing Company

Client Situation
Stalled company – No organic growth for three years

ForteONE Actions
Diligence was conducted over a two-week period and included a review of the Company sales, marketing and financial materials, marketplace and competitor analysis, on-site tours, and extensive interviews with entire management team

Change Delivered
Comprehensive written report of all findings and recommendations was presented to the PE firm at the end of the third week – Our recommendations included a detailed 90 Day Action Plan which outlined an increase to enterprise value of more than $30MM in three years

Case Study – $260MM Food Manufacturer

Client Situation
Losing $2MM per Month – Financials Inaccurate – Loan Covenant Violations - Failed Quality Audit from Largest Client – Desire to Sell Company and Unable to Take Firm to Market

ForteONE Actions
Forte team implemented top-to-bottom program for factory quality and efficiency, retained all top clients and grew revenue, gained price increases and gross margin, revamped commodity and transportation purchases, upgraded management and implemented training programs, new management dashboard and timely, accurate financial reports

Change Delivered
Successful sale of Company – Six buyers submitted offers, sold to financial buyer (private equity firm) for more than $100MM. Forte led management presentations, assisted in CIM preparation and negotiations

Case Study –$30MM Rehabilitation Clinic Chain

Client Situation
After signing LOI, firm required a thorough operational due diligence assessment of the target company to verify to the scalability of the business model – Needed to identify issues that support or undermine the firm’s investment thesis

ForteONE Actions
Diligence was conducted over a two-week period and included a review of the business operations, data room materials, marketplace and competitor analysis, on-site tours, and extensive interviews with entire management team

Change Delivered
Comprehensive written report of all findings and recommendations was presented to the PE firm at the end of the third week – Assessment identified the at-risk assumptions in the investment thesis, and laid out a 100 Day Plan to bring the target company to readiness for scalability

Case Study – $20MM Licensed Consumer Products Company

Client Situation
Sales Declines More Than 25% – Recover Plan Failing – Out of Lender Covenants – Bank Pressure Mounting

ForteONE Actions
Forte installed to lead turnaround, within 120 days recast strategy, reduced staff and SKUs, changed marketing spend mix, opened new sales channels with big box retailers, located and interviewed new CEO candidates

Change Delivered
YTD 2009 sales ahead of 2008 pace, cash flow positive, private equity firm able to renegotiate loans, currently exceeding 2009 budget by 31%