DEAL SIZE
$260,000,000
Mosler, Inc.
COMPANY
An integrator of security systems and services
OVERVIEW
- ACM professionals performed sell-side advisory for Mosler and successfully completed a $363 sale to Diebold
- The Company was a $260 million security integrator which was suffered from a failed software upgrade for Y2k
- Poor visibility into financial performance
- Cash flow was extremely tight
- Inadequate internal controls
ACM VALUE ADD
- Eliminated team of twelve consultants from a national turnaround firm who had led the software conversion and was costing the company $300,000 weekly
- Brought in one consultant to work with software developer to streamline financial reporting and provide visibility to management
- Set up weekly calls with all field support to expedite cash collection efforts in North America and Canada
- Created cash flow template and forecasting model to provide critical visibility on daily cash flow
- Replaced ineffective middle management financial team with a new team and set up internal controls across all divisions
- Saved the company $1.5 million in monthly G&A – $18 million annually
- Financial statements by division were prepared and distributed within 7 business days of month end
- Improved cash flow allowed management the necessary time to explore a capital raise or outright sale
- Tight internal controls led to the discovery of a massive fraud within the company, of which all but 10% of the funds were recovered through insurance
