The Challenge
The company was in immediate crisis with deeper structural problems that needed simultaneous attention.
Immediate Crisis
- Multiple lenders with covenant breaches
- Key vendor relationships strained
Structural Problems
- No route profitability analysis
The Strategy
We executed a two-phase approach: immediate stabilization, then structural improvement:
Lender Negotiation
Direct engagement with all lenders to negotiate covenant waivers, payment deferrals, and ultimately a consolidated restructured debt package.
Financial Infrastructure
Built reporting and forecasting capabilities to ensure the company would never again be blind to its cash position.
Week 1-2
Crisis Mode
- Lender outreach
- AR collection push
Week 3-6
Stabilization
- Covenant waivers secured
- Vendor agreements
- Fleet analysis begun
Month 2-3
Restructuring
- Debt restructured
- Lane exits executed
Month 4-6
Foundation
- Reporting live
- Controller hired
- Transition complete
Operational Improvements
- Real-time financial visibility
Key Takeaway
Owner, Logistics Company