Organization
Grain Storage & Delivery – Agronomy Products & Services
(Ethanol)
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Challenges
- Placed in receivership by primary 1st secured lender & slated for auction
- Cash flow extremely limited
- Under direct scrutiny of State & Federal auditors
- CEO and COO resigned positions
- Fixed & rolling assets not easily located or identified
- Grain not well positioned to meet customer demand
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Approach
- BBK team members
assumed interim CFO and COO responsibilities
- Identify, report & protect company assets to the extent possible
- Audit & assess product inventory processes & procedures
- Develop and implement Financial & grain forecast modeling tools
- Facilitate & coordinate site visits by potential buyers
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Results
- Provided interim leadership and operational oversight to multiple locations
- Effectively managed delivery to requirements within tight cash flow constraints
- Successfully managed operations at all locations and to all customers through the auction & sale.
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Ethanol
Professionals
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