With decades of experience in executive management roles for both public and private companies, MCA Financial Group’s team is uniquely qualified to provide the leadership your company needs. MCA professionals are able to step into any executive management role and work closely with executives and boards of directors to formulate and execute reorganization plans as well as operational changes that lead to greater profitability and successful outcomes.
MCA’s expertise includes these core services:
Chief Restructuring Officer (CRO)/Chief Financial Officer (CFO)
We work closely with management to identify necessary actions to drive the restructuring process; develop and implement plans to improve cash flow, capital formation, lender negotiations and aid in implementing changes to improve the organization.
Control, restore, and maintain the integrity of financial records with accurate and comprehensive weekly, monthly, quarterly, and annual financial reporting.
Validate, enhance, and improve accounting and information systems in order to provide reliable and accurate financial reporting.
Restructuring & Turnaround
3PL Supply Chain Services
MCA was the lender’s advisor for a $75 million national 3PL (supply chain management solutions, logistics services, and other related supply chain driven services). The company had identified the potential embezzlement of what was estimated to be $8 million by their Chief Financial Officer. Out of cash and in an over-advanced situation with the lender, vendors had stopped shipping and operations were at a standstill. MCA helped to identify additional embezzled funds bringing the total to $16 million. MCA was appointed Chief Restructuring Officer and successfully negotiated with the lender and vendors to reestablish production and operations. With operations reestablished the bank was able to sell its note, with minimal deficiency, to a private equity buyer.
Restructuring & Turnaround
Cheese and Cheese Product Manufacturer
MCA was the court appointed receiver for a group of companies with locations in Ohio, Nebraska, and California who provided blending, packaging, and production of real dairy and dairy substitutes. The company was over-advanced on its line of credit and out of cash. Significant vendor issues existed. MCA developed and led a restructuring plan that reduced expenses and sold each facet of the business to different buyers, resulting in full payment to the bank and payment to certain unsecured creditors.
Restructuring, Turnaround & Bankruptcy
Multi-State Wholesale Distributor
MCA was retained by this $240 million regional wholesale distributor’s board at critical juncture in growth strategy. After opening a second 500,000 square foot warehouse, this multi-state distributer ran out of cash and was facing a possible business shutdown, as the secured lender was not willing to advance on operating losses. MCA developed and led a reorganization plan to consolidate operations, substantially reduce inventory, and adjust costs to regain breakeven cash flow. MCA led the company and the secured real estate and ABL lenders through a successful sale process via the Delaware Bankruptcy Court, resulting in full recoveries for the secured lenders and recoveries for the unsecured lenders.
Interim Chief Financial Officer
MCA served as Interim Chief Financial Officer for this national aerospace parts manufacturer for approximately 10 months, on behalf of an institutional majority shareholder. MCA led business improvement plans and enhanced financial reporting. MCA supported the business sale process including due diligence, negotiations, and closing.
FROM MORRIE AARON • MCA FOUNDER
“You have our personal commitment that MCA will provide the highest quality work to its clients in a timely manner. Confidentiality and trust are important ingredients in any business relationship and MCA is committed to these values.”
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OUR MCA PROFESSIONALS
MCA Financial Group provides senior-level teams that specialize in four practice areas to meet your financial and business needs. Each team is directed by an accomplished Senior Managing Director who possesses the requisite frontline experience necessary to provide personalized attention.
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