Gulf Atlantic Capital Restructures Leading
Shopping Cart Manufacturer
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Richmond, Virginia$60,000,000
Gulf Atlantic Capital served as Chief Restructuring Officer to assist in the restructuring of the Company.
GulfAtlanticCapital PRIVATE INVESTMENT BANKERS corporation
- Gulf Atlantic Capital was retained as the Chief Restructuring Officer after the Company incurred operating losses stemming from a failed acquisition strategy.
- Stabilized operations by implementing disciplined cash management including purchasing and inventory controls.
- Developed a restructured business model that encompassed closing a manufacturing facility and restructuring the direct labor workforce.
- Analyzed product line profitability and product offerings to reduce SKU's and revised pricing policies resulting in significant gross margin improvement.