Welcome to the April issue of ACM Capital Partners’ Value Line newsletter. In this issue you will find details of two new engagements and the successful sale of a client’s staffing company. Specifically ACM has been retained for financial advisory services to a $50 million commercial aviation company located on the West coast, has concluded the sale of a private equity sponsored business to a strategic buyer, and has become the interim CFO role for a $40M medical company.
ACM ENGAGED TO PERFORM FINANCIAL AND OPERATIONAL ASSESSMENT FOR $50M AVIATION COMPANY
ACM has been retained to provide an operational and financial assessment of an aviation company located on the West coast of the US. We will deploy three senior professionals to assess the business’ operations, including labor utilization, market conditions as well as review the financial forecast for 2013 and 2014.
“Given our extensive experience in this space, this was a natural decision by our $1.5B debt fund client,” said Mark Deleo, Managing Director of ACM. “We continue to be sought after for these types of engagements given our speed and accuracy of delivery coupled with our extensive knowledge of the industry.”
ACM COMPLETES THE SALE OF A STAFFING COMPANY TO STRATEGIC BUYER
The firm was retained by a private equity client a year ago to address concerns with senior management; and to assist them with the sale of the business. Our professional was on the ground the following business day and worked tirelessly for the next year alongside the new CEO. Together, these professionals grew revenue by 22%, and increased EBITDA by over 25% which led to the sale of the business to a large strategic.
According to Ron Augustin, Director of ACM and the interim CFO on the assignment, “this company needed to bring a new management team in order to stabilize its cash flow, rejuvenate middle management and grow top line revenue while reducing cost. The owner provided its support, patience and confidence in ACM. This allowed for a smooth and successful sale of the company.”
“We are proud of the work that Ron completed and, needless to say, so was our client. They had concerns about their exit on this investment. With our assistance, they not only got out of the investment, but did so with a return,” said Jim Martin, Managing Partner.
ACM RETAINED AS CFO FOR $40M MEDICAL COMPANY
he firm announced it has been retained to serve as the interim CFO for a $40M medical company located on the East Coast. After just a month on the ground, our professional has already identified several areas for savings and has streamlined the reporting and forecasting. “There is no substitute for diving into the role as quickly as possible,” said Jim Martin. “In this situation, unfortunately, many of the constituents were asleep at the switch.”
