Engagements
and Clients
Profit Improvement, Interm Management & Company Turnaround
Profit Improvement:
Best Lock Systems:
• Manufacturer and distributor of specialty security locks and systems. Annual sales of $250 million.
• Hired by the company
• Project: a major profit enhancement prior to the sale of the companyLake City Forge:
• A $22 million Social Service Agency providing residential and support services to children and adults.
• Hired by American National Bank, Bank One
• Project: Budget oversight and financial plan consultingTri-Star Industries:
• Assisted bank in evaluation of company operations to develop strategy for restructuring debt.
• Hired by the company
• Project: Due Dilligence for LenderLake City Forge:
• Manufacturer of forged and machined OEM auto parts with annual sales of $25 million.
• Hired by Code, Hennessy & Simmons.
• Project: Manufacturing assistance at a new start-up facility.Lionel Trains:
• Manufacturer and distributor of Lionel Trains and accessories.
• Hired by Wellspring Capital at request of lenders (Chase Manhattan, lead bank).
• Project: Report valuating management, operations and forecasting.Gooder Hendrichsen:
• Manufacturer of custom short and long span steel joists.
• Hired by the equity holders.
• Project: Financial consultant.Bobak's Sausage Company:
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• Midwest manufacturer of ethnic sausage operating a manufacturing plant, 2 full line grocery stores,
• 2 restaurants and a wholesale food distribution business.
• Hired by the company; Cole Taylor Bank.
• Project: Financial consultant.Interm Mangement:
Cady Industries:
• Manufacturer and marketer of woven plastic material sold nationally to specialty markets. Annual sales of $60 million.
• Hired by PNC Equity Management
• Position: Interim CEOElectro Source, LLC:
• Served as interim CEO of a publisher and accessory company related to video games.
• Hired by the company with approval of the bank group. The bank group consists of Patriarch Partners and First Source.
• Position: Interim CEOAutoroll Print Technologies:
• Interim CEO of a specialized printing machine manufacturer and high end distributor of printing accessories.
• Hired by the Company upon recommendation of the bank group.
• Position: Interim CEOSuccess Magazine:
• Interim CEO of a specialized printing machine manufacturer and high end distributor of printing accessories.
• Hired by the Company upon recommendation of the bank group.
• Position: Interim CEOJ Richard Industries:
• Turnaround of a $30 million specialty fabricator of metal tubing for health equipment, conveyors, automotive manufacturers
• Hired by Code, Hennessy & Simmons
• Position: Interim President and CEOCompany Turnaround
Duro Industries:
• Manufacturer and marketer of woven plastic material sold nationally to specialty markets. Annual sales of $60 million.
• Hired by PNC Equity Management
• Position: Turnaround consultantMoore DP, LLC:
• Midwest manufacturer of custom metal security enclosures for electronics and polyethylene innerduct (extruded HDPE conduit).
• Hired by the company
• Position: Turnaround consultantJavo-Mex Corporation:
• Contract filler for soaps and other liquid products for Fortune 500 companies.
• Hired by company; lender American National Bank
• Turnaround consultantEastern Pacific Apparel:
• Distributor and marketer of a top line of women's and men's golf clothing. Annual sales of $25 million.
• Hired by the company at the recommendation of the owner, Florida Capital.
• Position: Turnaround consultantForest Electric Company:
• Profit improvement of a $5 million electrical transformer manufacturer.
• Hired by the management of the company
• Position: Turnaround consultantDocuSystems, Inc.:
• Profit improvement of a $100 million manufacturer of specialty printed transaction and transportation cards and tickets.
• Hired by the company (owner: Code, Hennessy & Simmons)
• Position: Turnaround consultantThe Custom Shop:
• Profit improvement of a $30 million manufacturer and retailer of custom shirts (60 stores in US).
• Hired by the company (Bank: LaSalle Bank)
• Position: Turnaround consultantDEH Printed Circuits, Inc.:
• Profit improvement of a $24 million manufacturer of printed circuit boards (plants in Elgin, IL and Phoenix, AZ).
• Hired by the company (Banks: Creditanstalt, First Source)
• Position: Turnaround consultantDuro-Test Lighting Corp.:
• Profit improvement of a $62 million manufacturer and distributor of specialty lighting.
• Hired by the management of the company.
• Position: Turnaround consultantNational Latex Products:
• Profit improvement of a $25 million rubber balloon and ball manufacturer located in the Midwest.
• Hired by the management of the company
• Position: Turnaround consultantFitzgerald Forest Products:
• Restart of a log processing (veneer) plant
• Hired by bank: Creditanstalt
• Position: Turnaround consultantRHC/Spacemaster Corp.:
• Turnaround of a specialty metal fabricating plant making retail store showcases, specialty fixtures and faceouts.
• Hired by the parent company.
• Position: Turnaround consultantCalumet Armature:
• Assisted management in its financial and operational restructuring through a Chapter 11 process.
• Hired by the company upon recommendation of the lender: LaSalle National Bank
• Position: Turnaround consultantMatt-Son:
• Assisted management in reducing working capital investments in inventory plus assisted
• management in selling the company after the turnaround was complete.
• Hired by the company and approved by the bank. The bank supporting the company was American National Bank
• Position: Turnaround consultantEquality Specialties, Inc.:
• Manufacturer and importer of decorative packaging and point of purchase materials.
• Hired by company at urging of lender, Antares Capital.
• Position: Turnaround consultant - Intern CEOHorizon Advisors
10 South Riverside Plaza Suite 1800
Chicago, IL 60606
(312) 474-6176
(312) 474-6099 Fax
consultants@horizonadvisors.com