Interim Management
Chicago Capital Holdings can provide senior management leadership on an interim or longer term basis. We assist businesses who are in transition due to death or departure of a key manager, who are in a growth mode and have outgrown their management infrastructure, or who are in transition due to changes in their economic conditions and who have lost the confidence of their creditors and/or shareholders.
Following are some of Chicago Capital Holdings success stories:
Trailer Manufacturer -
The founder and president died suddenly leaving this middle market manufacturer of utility and gooseneck trailers without adequate management or leadership. The business was also undercapitalized and under severe pressure.
We worked with the heirs to develop a plan to manage the day to day business and to obtain liquidity. We installed temporary management in the plant, established controls and reporting, and established better communications with creditors.
We also developed a vehicle to obtain short term working capital. The business remained viable and the heirs are in control again.
Wooden Cabinet Manufacturer -
This manufacturer of wooden cabinets and counter tops had experienced severe deterioration. Plant operations were inefficient and revenue had declined by 90%. The business could not support its fixed overhead.
We surveyed the market and developed new revenue channels for the business. We also re-configured the plant to improve material flow resulting in cost savings. The business returned to profitability within 7 months.
Abrasive Cutting Wheel Manufacturer -
We assisted this start-up manufacturer of abrasive cutting wheels used by the automotive and medical industries in the development and execution of its business plan.
We helped raise capital, develop plant specifications obtain a production facility, procure production equipment, hire and manage plant employees, install controls and reporting, and monitored results.
The company has become a market leader in its niche with pre-tax profit margins of nearly 50%.