Goldman Venture II

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Case Studies

1) Machine tools

2) Chemicals

3) Boat company

4) Highway sign rental company

5) Prime Bridge contractor construction

1) Situation – Large Machine Tool manufacturer providing production parts machinery to the major car manufacturers. Sales of $33.0MM (down from $100MM) current losses of $6.0MM per year operating in a 500k foot plant

Solution was to acquire 2 other tool manufacturers of equal size and losses and combine their products in one plant of 500k feet

The turnaround was accomplished within one year.

2) Importer of Cobalt from Zambia for use in speciality chemicals Sales of $40.0 MM per year with profits of $1.0MM

Introduced a new team and reached out to other end uses.

Resulted in increase of sales to $8o MM per year with EBITDA of $12.0MM

3) Boat manufacturer producing 6 boats per year (sales of $2.0 MM and losses of $10k per week)

Solution was to obtain another mold to double sales while a developing a skiff that would have a market of 200 sales per year.

Time to turnaround the company 6 months.

4) Highway Sign rental company- sales dropped from $3.0MM per year to 600k with losses and unpaid payroll taxes of $1.0MM the owner had hired an attorney to file bankruptcy.

the transition included becoming CO CEO with oversite of Finance and operations. the first year was building sales to $1.2 MM while restructuring the company and organization to relieve the owner of certain liabilities. The second year was reorganization to eliminate debt and grow sales to $1.5MM

this year the company will exit the reorganization.

5) Prime Bridge contractor – situation – the company was carrying a loss of $1.5MM from a INDOT contract (Indot was responsible for contract dispute) the company had lost its bonding and was running $100k loss per month as well as not having new work or ability to bid.

6) Became CO CEO and was able to provide new bonding and bid successfully for 6 jobs totaling $8.0MM – rebuilt parts of the organization as well as instituting cost savings and realization of asset values

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