Welcome to the May issue of ACM Capital Partners’ Value Line newsletter. In this issue, we have detailed the successful turnaround of our MRO client, the addition of two new assignments and the hiring of a new Vice President to our growing firm.
ACM LEADS $35M MRO TO PROFITABILITY
ACM Capital Partners announced it has successfully led its airframe maintenance repair and overhaul MRO client to profitability.
ACM was engaged by the equity sponsors of the Company in July 2013 to help restructure the company’s operations, reduce overhead and source new customers. ACM assumed the roles of CEO and CFO to facilitate the process and assist with the thorough overhaul. With the reduction of non- essential indirect labor, the addition of a new high deductible insurance program for the 250 employees coupled with proper pricing on C checks, ACM reduced the breakeven of the business by 30%. This feat, together with the recruitment of new senior professionals to augment the ACM team, has positioned the company to post its best financial year in several years.
“These results speak to our firm’s ability to cut to the core of the issues impacting our clients’ businesses and our speed to make the necessary changes to reverse course,” said ACM Managing Partners, Jim Martin. “We are really excited about the direction of the business and remain bullish on the North American MRO market for 2015 and beyond.”
ACM ADDS TWO NEW ENGAGEMENTS
Continuing with its rapid pace, the firm announced two new engagements in May. Both are for private equity clients. The first assignment is to assist our client with an add-on acquisition. The company is based in the Midwest and its personnel is stretched beyond capacity. Our role will be to leadthe transition deploying company resources in the process.
The firm announced that it has become the COO of an industrial supplier in the Southeast. Unlike the above client, this company did not have the bandwidth to fully integrate an acquisition in the Fall of 2013. ACM’s professionals have stepped in to ensure that this integration is completed and that our client has the necessary financial and operational transparency with which to monitor its progress. “This is an example of why we need to get in early in the process. Now the client finds itself in the position of playing catch up in a low margin industry which is not an enviable position,” said Martin.
ACM CAPITAL PARTNERS HIRES VICE PRESIDENT
The firm announced the addition of Mr. Alexander Galsky. Mr. Galsky joins ACM as a Vice President and will work out of the Miami office. Prior to joining ACM, Mr. Galsky spent the previous nine years in New York working in Investment Banking and Wealth Management. A native of Venezuela, Mr. Galsky moved his family to Miami to join ACM. He studied at Bentley College where he graduated Magna Cum Laude and received his masters from Columbia University. “We are very excited to have Alex join our team,” said Martin. Alex brings a wealth of knowledge and very strong relationships in Latin America.”
