TURNAROUND MANAGEMENT SYSTEMS®
Wall Street Smarts … Main Street Sense™
Distressed Assets and Special Situations Turnarounds and Restructurings
Turnaround management is the process of identifying, diagnosing, and addressing the problems within a company or business unit that is underperforming or in financial distress, with the goal of restoring it to a stable and profitable state. This process may involve a variety of different strategies, including cost-cutting, changes in management, debt restructuring, and divestitures.
The key steps in turnaround management typically include:
- Identifying and assessing the problems within the company, such as financial distress, operational inefficiencies, or underperforming business units
- Developing and implementing a plan to address the problems, such as cost cutting, debt restructuring, or divestitures
- Managing the implementation of the plan, including coordinating with other stakeholders such as creditors, employees, and customers
- Monitoring and adjusting the plan as needed to ensure that the company is on track to return to stability and profitability
- Exiting the company once it is stable and profitable again
Turnaround management requires a wide range of skills, including financial analysis, strategic planning, crisis management, and change management. It also requires strong leadership, negotiation skills, and the ability to navigate the legal and regulatory environment.
Turnaround management can be a complex and challenging process, but when done successfully, it can lead to the revitalization of a struggling company and ultimately improve returns for shareholders, stakeholders, and creditors.
For over 40 years, EDS’ Turnaround Management Systems® Group has skillfully guided and judiciously represented financial institutions, secured creditors, private equity, attorneys and law firms, investors, and myriad other stakeholders in handling their distressed assets and special situations Turnaround Management needs.
From National Priority List Superfund Sites—to a decommissioned nuclear-powered aircraft carrier—to the pencils-on-the-desk, we handle it all, and we have successfully engineered billions of dollars in successful turnarounds and restructurings for our global clientele
The impact of complex and contentious litigation in many turnaround situations can complicate, if not destroy, a creditor’s position if not handled properly. Non-performing, distressed, and troubled accounts present many pressing challenges. When problematic accounts facing operational and/or financial challenges occur, our experienced—street-savvy—proficient transitional and Turnaround Management teams employ creative—proven solutions that often reverse and cure these situations immediately.
EDS Turnaround Management Systems® teams marshal onsite 24/7/365 worldwide to provide the complete spectrum of crisis/interim management and turnaround services. Our teams work closely with creditors and their legal representatives to preserve, protect, manage, operate, and enhance the going concern value of troubled businesses and/or business assets that might otherwise be lost during bankruptcies, foreclosures, and related actions while actively pursuing permanent solutions.
We specialize in providing 24/7/365 onsite crisis/interim management to operate troubled accounts facing operational and financial difficulties. We are particularly informed and skilled in providing transitional and turnaround management in highly contentious special assets and special situations and in handling all efforts related to the disposition of Environmentally Sensitive and Impaired Real and Moveable Property (Superfund and Brownfields Sites), Hospitality, Gaming, Resorts, HOA-Golfing Communities, Shipyards/Admiralty/Maritime, Aviation (Fixed and Rotor), Automotive (Manufacturing and Retail), Heavy Industrial, Oil & Gas/Minerals, Commercial and High-Value Residential Real Estate. No Turnaround Management assignment is too big or too small for us.
Our award-winning Turnaround Management services have earned us the distinction of being the only Court-Appointed Receiver in the country that the United States Environmental Protection Agency (USEPA) allows to provide such services on active Superfund Sites.
We are pleased to serve as Court-Appointed Keepers for the U.S. Marshals Service for federal court seizures of assets under admiralty jurisdiction.
We are very proud of these distinctions and believe that it and our body of work for such multinational giants as Merck, Pfizer, Mellon, Signal Capital, Ally Capital, and GE speak to our Turnaround Management expertise and confidence in us.
A Turnaround Management scenario… A borrower in financial distress raises myriad commercial loss concerns for its creditors, including increased risk of less than payment in full of its loan, increased liabilities, additional legal costs and expenses, and greater utilization of creditor resources. When a borrower shows signs of distress, it is critical for the creditor to promptly and proactively develop a thoughtful turnaround management strategic plan to mitigate issues and identify options available to strengthen the creditor’s position in the credit facility. Doing this is an essential first step for a creditor interested in maximizing its recovery and limiting its exposure.
EDS’s unsurpassed nationwide Turnaround Management capabilities, decades of state and federal Court-Appointed Fiduciary experience, and unimpeachable credibility afford it an unparalleled opportunity to serve as a trusted Turnaround Manager.
When appropriate, EDS seeks to partner with creditors, owners, managers, investors, and others to achieve the best outcome for all stakeholders. These efforts often lead to exceptional investment opportunities for EDS’ Distressed Assets Private-Equity Investment Partners.
EDS’s unparalleled Turnaround Management and Restructuring expertise is recognized and appreciated in boardrooms and courtrooms worldwide.
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