Financing Turnaround: How Secured Lending Saved Handaband USA

Handaband USA was a thriving business in the oil and gas market in Texas until unpredictable fuel prices made it difficult to sustain its growth. This is the story of how its previous lender (Crestmark), an Article 9 reorganization, its current owner (Logan Fund) and its newly recruited lender (GemCap) have gotten the business back in the fast lane. 

January 23, 2023 Crestmark | GemCap | Handaband USA | Logan Fund | Robert DiNozzi | Second Wind Consultants Phil Neuffer

Helping Businesses Deal with Rising Interest Rates, Cash Flow Needs and Covenant Compliance

Businesses are dealing with a cavalcade of challenges in 2022, not least of all being rising interest rates and inflation. Juanita Schwartzkopf of Focus Management Group provides detailed guidance on how to help borrowers deal with increasing operating expenses and the rising rate environment.

August 8, 2022 Focus Management Group | Inflation | Interest Rates | Juanita Schwartzkopf Phil Neuffer

What’s Next For The Asset-Based Lending Bank Take-Out Ecosystem?

For decades, private equity investors have taken distressed assets through a process to divorce them from subordinate liens. An analogous, lender-initiated process (the UCC Article 9 restructuring) clears up the traditional bottleneck in bank-to-ABL transitions, ultimately leading to the next evolution of the take-out relationship.

July 21, 2022 Asset Based Lending | Robert DiNozzi | Second Wind Consultants Markiesha Thompson

The Importance of Effective Leadership During A Turnaround

Sometimes the simplest things make the biggest differences. Lawrence Gardner explains why the most successful turnarounds are built on strong leadership and outlines the specific aspects of leadership that must be displayed to replicate such results.

July 21, 2022 Lawrence Gardner | Lawrence Gardner Associates | Turnaround Management Markiesha Thompson

How Can Businesses Adapt to Surging Transportation and Commodity Costs?

The convergence of geopolitical tension, continued disruption to the supply chain and the labor market as well as the lingering presence of the COVID-19 pandemic is pushing transportation costs into the stratosphere, meaning businesses must alter their approaches to survive.

March 17, 2022 Bio-Reference Laboratories | Focus Management Group | Fuel Costs | Gas Prices | Juanita Schwartzkopf | Labor | Labor Costs | oil prices Phil Neuffer

Black Hawk Down: Understaffed Workout Groups Must Prepare for the ‘Next Battle’

Charlie Perer explains how mounting economic stressors are setting the stage for an impending increase in work-out activity in which non-bank distressed and asset-based lending groups will look to take advantage of understaffed bank work-out groups.

February 7, 2022 Charlie Perer | SG Credit Partners | special assets groups | Turnaround Management Phil Neuffer

How Does a Business Deal with Inflation in 2022?

Inflation has been on the rise for years, but it really surged in 2021 and will continue in 2022, creating an operating environment not seen since the early 1980s. However, inflation can’t be an excuse for poor business performance, particularly when there are strategies to find a successful way forward.

January 24, 2022 Focus Management Group | Inflation | Juanita Schwartzkopf Phil Neuffer

2021 Turnaround Management Directory

ABF Journal expanded and updated its turnaround management directory, highlighting some of the top firms in the industry.

June 17, 2021 Arch + Beam | B. Riley Financial | BDO USA | Carl Marks Advisors | CROLEY MARTELL & ASSOCIATES | EisnerAmper LLP | MelCap Partners | Newpoint Advisors Corporation | O'Keefe | Phoenix Management Services | RCS Real Estate Advisors | RJ REUTER BUSINESS CONSULTING | Sherwood Partners | The Brownstein Corporation | WILLOW OAK ADVISORY GROUP Ian Koplin

How to Spot The Early Warning Signs of a Troubled Company in a Turbulent Economy

Identifying long-term business problems is difficult to do during times of economic upheaval. Keith Chulumovich of O’Keefe outlines which factors to evaluate and the trends to keep an eye on when determining how dire a company’s situation really is.

June 17, 2021 Keith Chulumovich | O'Keefe Ian Koplin

TMA Aims to Improve the Turnaround Industry’s Relationship with De&I

The turnaround management industry, like most industries, has not always been particularly inclusive, but the industry’s inherent problem-solving roots make it one positioned to make significant improvements in diversity, equity and inclusion. To that end, the Turnaround Management Association is building off the initiatives at the chapter level to make DE&I a global focus.

June 11, 2021 Phil Neuffer