Turnaround & Restructuring
Bringing stability and preserving value for distressed small businesses.
For businesses facing extreme financial pressure, have triggered into workout or special assets with their lender, or are in a crisis situation, an effective turnaround process can lead to a more efficiently run and management-controlled business mitigating the chances of future financial default.
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Our proven 4-stage process - Analyze, Stabilize, Optimize, Maximize - helps small businesses in transition identify practical strategies that improve profitability and liquidity while developing and executing an effective turnaround plan with long-term, sustainable results.
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Central to our approach is strategic liquidity management. We recognize that while increasing sales can help solve problems, it can also mask underlying issues. For businesses in distress or undergoing rapid growth, sufficient cash flow, and efficient liquidity management are imperative to support operations. We develop cash forecasts, project cash requirements, and identify both internal and external sources of cash by maximizing asset efficiency and negotiating with stakeholders.
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As an extension of the current management team, we provide hands-on, on-site guidance, informed by extensive industry experience across multiple verticals. Our focus on small businesses and our position as small business owners ourselves allows us to approach each situation with a "skin-in-the-game" mentality, translating into confidence that stated goals can be accomplished and long-term value enhanced and sustained.
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Our experience and credibility enable us to quickly garner financial flexibility and additional time from our client's constituents, crucial to time-sensitive turnaround situations. This comprehensive approach builds a foundation that strengthens the business, ensures access to needed capital, and leads to lasting positive change.
Focal Points
Cash Conversion Cycle Optimization
13-week Cash-Flow Modeling and initiatives
Working Capital Requirement measurement
Short and Long-Term strategic planning
Operational health assessment
Revenue and margin improvement
Profit and process engineering and optimization
3-statement financial modeling
EBITDA adjustment analysis
Workout and business plan review
Inventory and asset efficiency
Vendor payment prioritization
New sources of working capital
​Budget review and actual variance analysis
Negotiation and communicaiton management
Risk assessment and mitigation strategies
Performance monitoring and KPI tracking
Cost Optimization Strategies
Stakeholder Management and Communication
At Fortis Business Advisors, our Chief Restructuring Officer (CRO) services offer a comprehensive approach to guiding small businesses through financial distress, both in and out of court. Unlike traditional CRO roles, which often focus solely on financial restructuring and stakeholder negotiations, our approach integrates these core functions with hands-on operational expertise and asset monetization strategies.
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We take a holistic view of the business, addressing immediate financial concerns while implementing operational enhancements to ensure long-term viability. We specialize in financial stabilization, operational restructuring, strategic planning, and asset optimization. What sets Fortis apart is our ability to provide end-to-end solutions without the need for multiple external advisors. Additionally, our experienced professionals can seamlessly transition into interim management roles, ensuring continuity and swift implementation of turnaround strategies.
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This integrated approach not only streamlines the restructuring process but also significantly reduces costs for small businesses. Whether management is navigating a Chapter 11 Subchapter V case, or seeking to avoid bankruptcy altogether, our CRO services are designed to guide a business through challenging transitions, emerging stronger and more resilient. At Fortis, we don't just advise - we work alongside our clients to drive meaningful change and maximize value for all stakeholders. Our comprehensive solutions ensure that every aspect of a business is optimized for recovery and future success or exiting the marketplace.
Focal Points
Financial stabilization and cash management
Turnaround Management
13-week cash flow projections and initiatives
Stakeholder communication and negotiation
Operational restructuring and improvement
Strategic planning for emergence from bankruptcy
Financial modeling and analysis
Cost reduction and efficiency enhancement strategies
Performance monitoring and KPI tracking
Debt restructuring and Capital Structure optimization
Liquidation analysis and valuation
Inventory & Asset perfomance optimization
Liquidation analysis and valuation to support the Plan
Effectuate and manage liquidation of the assets and/or Closing Sale
Crisis management and leadership
Reorganized Business Plan Review and implementation
Exit strategy planning and execution (if necessary)
Interim Managment support (if required)
Expert Witness services (when needed)
Our Legal Support Services provide specialized expertise for small businesses navigating financial challenges or seeking operational and asset optimization support in both in-court and out-of-court proceedings, including bankruptcy and Assignment for the Benefit of Creditors (ABC). As seasoned professionals with ownership-level business experience across multiple industries, we craft tailored solutions to address the unique needs of our clients.
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We serve as Chief Restructuring Officers (CROs), working closely with owners and stakeholders to develop and implement strategies that maximize value preservation and recovery. This includes identifying operational efficiencies, streamlining processes, and implementing cost-saving measures to improve cash flow and profitability. Additionally, we have the expertise to monetize assets quickly and effectively.
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Our services extend to evaluating business valuations, validating alternative valuations, and conducting inventory and asset appraisals. We also provide expert witness services, leveraging our unbiased understanding of small business operations to offer critical insights in high-stakes situations. Whether through depositions or trial testimony, our expertise helps provide clarity and context for successful resolutions. By offering this holistic range of services, we support small businesses at every stage of their critical journey.
Focal Points
Comprehensive Bankruptcy Support
CRO in Subchapter V Specialization
Business Valuations and Value Validations
Financial and Performance Analysis
Small Business Operations Advising
Small Business Financial Advising
Asset Assessments and Appraisals
Asset Monetization Strategies
Workout Plan Validation
Expert Witness Services
COMPLEMENTARY INTEGRATED SOLUTIONS
A comprehensive range of strategic services specifically designed for small businesses tailored to enhance our Turnaround Management solutions and ensure optimal results.