We provide a full range of turnaround and corporate renewal services.
Our expertise is crisis-tested in all areas. Whatever your needs—for assessment, advice, financial restructuring, interim management/CRO services, operational turnaround, or some combination of the above—Hamstreet & Associates can help your company build the strength and confidence to meet new challenges.
Company executives, lenders, and board members make decisions that affect the bottom line nearly every day. Sometimes those decisions require knowledge of external conditions such as market trends, competitor activity, or property valuations—information that people naturally seek from outside sources. Often, however, the knowledge required for a particular decision is based on factors occurring within a company. In such cases, the need for outside advice may be less obvious, but even more necessary.
Hamstreet & Associates conducts rapid, accurate, and thorough assessments that help interested parties learn what they need to know about a given business or business plan. Never content to accept apparent realities or easy solutions that fail to address the issues, Hamstreet & Associates assists senior management, lenders, investors, and other stakeholders in making timely and informed decisions. We employ a rigorous, synthetic approach that addresses financial, operational, informational, and strategic systems. Our neutral position and breadth of experience help us evaluate information objectively. We offer our clients penetrating reports and insightful recommendations.
Most troubled companies struggle with operational issues in addition to cash flow problems and excess debt. Most consultants, however, with backgrounds in finance, focus on fiscal matters and direct their energies away from the company’s day-to-day shop keeping. But no turnaround can be successful over the long term unless a company’s underlying operations compete with those of industry leaders to sustain balance sheet successes.
Whether it involves rationalizing the physical environment of the lumber yard or incentivizing the labor force to increase productivity, we understand the importance of evaluating and improving daily working procedures. That’s why we’ve assembled such a multi-disciplined team of skilled professionals, rarely found at other consulting firms. With decades of experience in repairing operations, Hamstreet & Associates has engineered some of the most remarkable turnarounds in the industry.
We take advantage of current management tools, experienced operational advisors, and the existing know-how of company employees to develop and implement recovery plans for our clients. We aim to assist our client in challenging its top competitors within 18 to 36 months.
By addressing operational and financial concerns side-by-side, Hamstreet & Associates has achieved dramatic results and distinguishes itself from the crowds of financial consultants. Operational turnarounds are more difficult than a merely financial approach, but the rewards— both to us and our clients— are correspondingly greater.
The drought descends just when your crops demand water most urgently—another few days or weeks without liquid and all might be lost. Too often this unhappy agricultural scenario applies metaphorically to troubled businesses: cash dries up just when liquidity is most needed. When this happens, financial crisis can quickly wither a company.
In the modern business world, Hamstreet & Associates comes as close as you’ll get to finding the needed rain doctor. Our financial experts know how to assess a company’s cash situation rapidly, stabilize it, and manage it successfully. Meanwhile our analysts perform swift, accurate evaluations of corporate viability. With these tools in hand, our restructuring professionals can develop new or existing lending relationships that help buy the time needed to turn our client around. Since 2002 the firm has concluded two national-scale engagements as Chief Restructuring Officer leading to dramatic turnarounds.
As the restructuring process unfolds beyond the initial crisis phase, Hamstreet & Associates will look hard at debt structure, capital structure, and at operational, informational, and other systems to evaluate their appropriateness to our client’s industry, capabilities, and goals. Our diversely talented consultants and advisors work together to produce and implement creative, comprehensive strategies. We take pride in adopting a multifaceted approach to our client’s affairs. Most often, financial and operational initiatives work in tandem to achieve success. We help our clients achieve the fiscal rationality and responsibility needed to keep operations going.
Securing the financial conditions in which great results can flourish is our first and one of our most important tasks.
Whatever your present situation, knowing the truth about where you stand will help you improve it. For a clearer view, contact us today.
Negotiating a complex emergency that threatens a company’s very survival is not what most management teams regularly do for a living. The same can’t be said of Hamstreet & Associates’ experienced turnaround professionals: leading businesses through critical times is our specialty. We do so in a variety of capacities—from outside advisor all the way up to Chief Restructuring Officer, interim CFO, or interim CEO. Hamstreet & Associates assumes whatever roles and responsibilities the company’s situation and its creditors may require.
Our uniquely qualified staff of advisors includes a high proportion of senior executives with diverse industry experience at major regional, national, and international corporations. Our principals and consultants have served as CRO, CEO, CFO, CIO, and COO. Like the executives who run our clients’ companies, all of our professionals have practical, hands-on experience managing firms in the real world. Unlike most other executives, however, they specialize not only in running what already works, but in fixing what doesn’t.
Whether or not Hamstreet & Associates steps into management’s shoes or works alongside it as CRO, our goal is the same as our client’s: to return the company to profitability as quickly as possible. Our success is measured only by yours.
Our work often begins with a question:
- How will market trends affect our core products?
- Is that offer to buy our subsidiary a good one?
- How should we deal with our excess debt?
- What’s our best strategy for managing costs and improving productivity?
- Is now a good time to expand our offerings?
In our rapidly-changing economy, where market and technological developments daily alter business realities, executives require swift, clear answers to important questions that arise from complex situations. Whether you seek information to help restore a faltering company, to make a major business decision, or simply to stay on top of future trends and needs, Hamstreet & Associates can help you.
Our multi-disciplined team of experienced advisors will help you learn what you need to know to make the best decisions for your company. Through detailed financial research and systematic analysis of markets and operations, we gather information thoroughly and use it intelligently in reaching our conclusions. From our disinterested third-party perspective we evaluate our results and present our clients with top-quality reports along with thoughtful, creative, and trustworthy advice.
The client company’s relationship with its principal lender became strained in mid-2008 when results fell significantly short of projections and a $3 million projected profit turned into an $8 million loss.
Unable to pay its bills and under investigation by the SEC and the State of Oregon for fraudulent investment practices, misuse of cash, and other securities violations, Sunwest Management engaged Hamstreet & Associates as CRO to close a challenging asset sale, repair operations, restructure debt, and return the company to sound financial footing.