Managing operational and financial crises in distressed businesses requires experienced leadership and a strategic approach. Resolute’s Interim CFO and Chief Restructuring Officer (CRO) Services provide the expertise needed to stabilize organizations, implement strategic changes, and guide them toward recovery or transition. By leveraging these specialized services, businesses can address their most pressing challenges with precision and confidence. Here are the top five ways our Interim CFOs and CROs drive transformation, featuring examples of Resolute’s proven success.
1. Operational and Financial Restructuring
Restructuring is at the core of successful turnarounds. Whether through financial stabilization or operational optimization, Resolute’s Interim CFOs and CROs help distressed companies lay a foundation for sustainable growth.
Example: Resolute served as the CRO for a $68 million revenue commercial bakery operating across multiple states. The company, struggling to move beyond break-even, partnered with Resolute to enhance operations and implement financial restructuring strategies. Working closely with the company’s commercial bank workout group and MSLP administrators, Resolute developed a plan to achieve an adjusted EBITDA of $3.4 million by 2024, including operational improvements and a roadmap to refinance the MSLP loan before its 2025 maturity.
Benefit: Combining operational expertise with financial strategy ensures businesses can address crises while positioning themselves for long-term success.
2. Cash Flow Stabilization and Asset Monetization
For businesses in financial distress, stabilizing cash flow and unlocking liquidity are critical to maintaining operations. Resolute’s Interim CFOs and CROs implement tailored strategies to manage cash flow and maximize resources effectively.
Example: A $50 million independent produce distributor in Phoenix faced PACA violations, risking the seizure of funds from its bank accounts. Resolute stabilized operations, unlocked balance sheet assets, and orchestrated the sale of a land parcel for $2 million to inject new capital. These efforts restored compliance, restructured the company, and facilitated its eventual sale to a strategic buyer, retiring all outstanding debts.
Benefit: Effective cash flow management and asset monetization provide the financial breathing room needed to stabilize operations and preserve long-term value.
3. Crisis Management and Employee Transition
Effective leadership and communication during crises are essential to ensuring smooth transitions for employees and stakeholders. Resolute’s Interim CFOs and CROs excel at managing complex transitions and guiding businesses through challenging periods.
Example: As CRO for Santa Cruz Valley Regional Hospital (SCVRH), Resolute led the wind-down of operations for a regional hospital, an affiliated physician practice group, and two rural clinics in Southern Arizona. This included managing WARN notices for over 300 employees, transitioning patients safely, and decommissioning the facility in under 45 days. Resolute also oversaw the closure of key departments and recovered over $5 million in receivables while identifying a buyer for goodwill and FF&E assets.
Benefit: Focused crisis management ensures compliance, minimizes disruption, and protects value for all stakeholders during critical transitions.
4. Debt Restructuring and Negotiation
Resolute’s Interim CFOs and CROs are skilled negotiators who can help businesses restructure debt to alleviate financial pressure and redirect resources toward critical growth initiatives.
Example: In every engagement, Resolute works closely with creditors and lenders to negotiate favorable terms that align with the business’s recovery plan. Whether reducing interest rates, extending repayment schedules, or identifying creative refinancing opportunities, Resolute ensures businesses regain stability.
Benefit: By addressing heavy debt burdens strategically, businesses can improve their financial outlook and rebuild trust with creditors.
5. Stakeholder Communication and Strategic Planning
Transparent communication and clear strategic planning are essential to aligning stakeholders’ interests and ensuring the success of any restructuring effort. Resolute’s Interim CFOs and CROs act as a bridge between parties, fostering trust and collaboration.
Example: Resolute regularly provides detailed financial reporting and actionable insights to stakeholders, ensuring everyone is aligned with the business’s recovery strategy. Whether restructuring operations, refinancing loans, or positioning a business for sale, Resolute ensures transparency every step of the way.
Benefit: Strong communication builds confidence and fosters the collaboration needed to execute complex plans effectively.
Transforming Challenges into Opportunities
Resolute’s Interim CFO and CRO Services offer the leadership, expertise, and strategic solutions businesses need to address immediate challenges and secure sustainable outcomes. From operational restructuring and cash flow management to stakeholder alignment and strategic exits, our team is dedicated to turning adversity into opportunity.
Ready to take the next step? Learn more about Resolute’s Interim CFO and CRO Services or contact us today to explore how we can help your organization navigate complex challenges with confidence.