$300 Million Diversified Manufacturing & Construction Company

• Incurred substantial losses during past several years
• Half of the 14 business units had substantial negative EBITDA
• Declining sales at several of the largest business units
• Pricing and costs at the refinery business unit were unfavorable
• Current lender was restricting funding and wanted to exit

• BBK?s financial and operational assessments indicated that some of the business units would require additional investment to achieve viability
• Excess, non-core assets were identified
• Realistic plans were developed for each business unit including operational plans for viable units and divestiture plans for certain business units
• Developed and gained Company commitment for a contingency plan

• Non-core, excess assets and non-core business units were sold to help improve working capital
• Sales increased by 9% versus the prior year
• Cash flow and profitability improved by 98% versus the prior year
• Funded debt was refinanced within four months of the time BBK started this engagement - at better rates, better terms and with more availability