SAVIT CORPORATION
CLIENT: Savit Corporation
SERVICE: Restructuring, Corporate Consulting
INDUSTRY: Defense, Engineering
A small applied armament engineering and prototyping company.
Financial Advisor to the Senior Management Team
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Engaged by the new President perform and diagnostic review to understand causes of poor performance and develop a plan reverse the trend.
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Developed a business plan that was centered around (i) company’s excellent engineering capabilities, and (ii) accountability and responsibility, where subcontractor’s compensation was strictly tied to performance standards and financial metrics.
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Resigned the government cost pools to better reflect the economic reality and amount of overhead that was required, and as such, absorbed by different projects.
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Evaluated and modified the pricing structure to ensure the Company was being properly compensated for high valued added and complex engineering and prototyping company.
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Returned the Company to profitability, created a capital structure that is appropriate for a company, and guided the Company through a sale transaction.