Once the driving force of the American economy, the U.S. auto industry is in flux. Challenges abound, including devastating supply disruptions, environmental regulations, and the ripple effect of factory shutdowns. Uncertainty exists for companies throughout the automotive supply chain.

CR3’s automotive clients receive a data-driven approach to their unique challenges, backed by the experience and knowledge of our industry experts. Working alongside management, our process defines the current threats and generates effective solutions. Whether architecting a financial restructuring, providing interim management support, or reconfiguring operations, CR3 positions its automotive clients for the road ahead.

The agricultural sector is highly cyclical and volatile, often without proper risk controls. Mounting supply and demand imbalances, extreme weather events and tightening monetary policy create a cycle of commodity prices that pose major risk to labor-intensive commodity businesses.

CR3 helps distressed agriculture companies pivot to higher value-added activities and focus on building sustainable businesses. By introducing thoughtful and strategic business plans, CR3 transforms the health of our clients through a process designed to improve financials and mitigate risk. Our thorough assessments analyze cash flow, capital structure, assets, and capex requirements. Working closely and transparently with management to uncover specific operational challenges, we deliver discrete, data-driven, and actionable plans.

While impacting nearly every aspect of the economy, the energy sector continues to function within a challenging business environment as it navigates regulatory, pricing and operational complexities at every turn.

CR3 brings together seasoned industry professionals and former executives with first-hand operational, financial, geopolitical and industry risk experience. We work in all facets of the industry, including E&P, midstream, oilfield services, refining and marketing. Our energy clients benefit from our uncommon agility and efficiency across our turnaround, performance improvement, financial, and operational solutions.

The typical volatility of the oil-and-gas industry has become more amplified than in the past. Investor pressure, supply challenges, increased regulation, supply-chain pressure, and declining demand in the face of increased investment in alternative energy sources have increased the uncertainty of the industry’s path to profitability. Our thorough assessments analyze cash flow, capital structure, assets and capex requirements. We work closely and transparently with management to uncover specific operational challenges and deliver discrete, data-driven, and actionable plans.

Business and financial services have become critical for organizations that have right-sized internal operations and capital expenditures. But while the industry is growing, so are the challenges, from talent acquisition and retention, to training and balancing, to pricing and cost control.

CR3 helps providers address the challenges faced within today’s environment. Sophisticated analysis of cost and contract structures, training and equipment will lead to increased profitability and a stronger competitive stance within the marketplace.

Although there is expected positive demand within the construction industry, challenges continue to proliferate. Among the most problematic are labor shortages, which threaten to disrupt scheduling and delivery. Combined with rising prices and general supply chain disruptions, margin preservation may prove difficult. On the other hand, the industry is also seeing an increase in M&A activity, creating an abundance of exit opportunities for smaller firms.

CR3’s construction business consultants are positioned to help clients navigate current complexities. Our industry professionals work closely with management to identify key performance issues and generate effective solutions. From quoting and forecasting, capacity and equipment utilization to liquidity management and other operational process improvements, CR3 can help mitigate risk and maximize profitability.

Few industries have experienced as much recent upheaval and uncertainty as hospitality and entertainment. Pandemic-induced reductions in travel and entertainment, hotel labor shortages, safety-related operational changes, and socially distanced or canceled events have led to financial and operational stresses on companies throughout the sector.

CR3’s hospitality and entertainment offerings meet clients wherever they are, whether with financial restructuring, lease renegotiations, lender management, franchise agreement restructuring, or operational improvements across the organization.

U.S. manufacturing was in the midst of a decades-long struggle to regain its primacy when the pandemic dealt another heavy blow. Orders and utilization dropped precipitously, and labor and supply-chain issues created additional strain in an already underperforming sector.

Post-pandemic, the manufacturing industry is building back fast, and CR3 is positioned to help our clients navigate their way toward increased growth and profitability as they seek the capital to do so. Our manufacturing experts address complex financial challenges, provide interim management support, re-engineer processes, and deliver sophisticated advisory services, all in service of helping our manufacturing clients exceed investors’ expectations.

The distribution industry is facing a host of challenges, some new and some accelerated by the pandemic. While spending is expected to rise, manufacturers are embracing digital transformation, and direct-to-consumer trends threaten many segments of wholesale distribution. Labor shortages and supply-chain issues persist, eroding both service levels and margins.

CR3 possesses extensive distribution experience. Our experts are positioned to work closely with management to address both industry-wide challenges such as margin pressures from both suppliers and customers, as well as specific performance objectives such as improving case-fill rates and on-time performance. Our sophisticated turnaround and financial restructuring services can assist distressed and healthy companies alike, helping any management team benefit from CR3’s strategic and operational-improvement capabilities.

The transportation and logistics industry is experiencing change and challenges on multiple fronts. Technology trends continue to disrupt the industry, enhancing the positioning of larger and more sophisticated providers to the detriment of those that lack the resources to embrace change. General human-resource scarcity along with driver shortages are creating difficulties across the board.

CR3 works with transportation and logistics companies to address near-term threats and ensure our clients capitalize on long-term opportunities. Through our data-driven approach, we work closely with management to provide financial restructuring solutions, mitigate industry-specific risks, and embrace technological transformation. Transportation and logistics companies have relied on CR3 as their partner for the road ahead.

Change in the retail industry has been accelerated by the events of the last several years. Shifting and erratic consumer behavior has accelerated the challenges facing many brick-and-mortar retailers. Established direct-to-consumer businesses have largely thrived, while many are struggling with the challenge of digital transformation. And all are affected by post-pandemic labor and supply-chain disruptions.

CR3’s retail experts are adept at addressing these challenges and more. We work throughout the organization, creating sophisticated logistics solutions, assessing and optimizing inventory, and generating solutions to non-merchandise operating functions such as staffing and salesforce management.

Disruption throughout nearly every facet of the consumer products sector is the new normal. The pandemic has drastically changed consumer behavior, and the industry’s labor shortages, higher wage demands, and supply-chain issues have reduced the stability that characterized the industry in the past.

CR3 can help navigate our clients’ labyrinth of uncertainty. Our experts have worked across the consumer products supply chain, including manufacturing and retail, and understand the intricate relationship between the two and its impact on both. Whether a turnaround situation, profit analysis and improvement, or simply a need to navigate today’s complex environment, consumer products companies benefit from CR3’s expertise and speed of execution.

The U.S. healthcare industry, while in a seemingly constant state of growth, in general has always experienced pockets of distress. From delivery disruptions to reimbursement challenges and inconsistent execution of core best practices, most industry participants have room for improvement.

As a healthcare consulting firm, we assist companies throughout the healthcare industry, including medical devices, biotech, pharmaceuticals, nursing homes and substance-recovery services. We work closely with management to identify and prioritize challenges, and we apply deep industry expertise that drives performance, resulting in performance transformation across the organization.

The restaurant industry has experienced seemingly insurmountable challenges over the past several years. The industry has seen generalized year-on-year sales and guest declines. It has experienced sudden and lingering changes in the supply chain and labor costs, exacerbating margin pressure. And the stress of the evolving business environment and workforce availability is threatening operational norms.

CR3’s process is designed to turn these challenges into opportunities by addressing these threats head-on. Our clients find that our 360° assessment leverages a comprehensive approach to identifying core issues while maintaining open communication channels with key stakeholders and defining actionable remediation plans. From strategy to operational reengineering to applying sophisticated financial solutions, our restaurant turnaround consultants and experts deliver for our clients and their constituents.

A skilled, timely, and accurate assessment is critical to defining the best path forward. Our business assessment services provide both the company and its financial constituents meaningful and actionable insights on the company’s historical performance, as well as a road map of its future performance that accounts for risks and opportunities to its business plan.

CR3’s professionals are proud of their long track record as trusted and effective advisors to management and stakeholders when a business is underperforming, cash is dwindling, the future of the business is suddenly uncertain and immediate results are critical.

Our restructuring consultants anticipate and mitigate financial challenges before they strike.

In today’s business environment, financial or operational challenges happen fast. We regularly work with organizations facing mission critical issues, whether financial concerns (liquidity, leverage, financing) or operational concerns (sales performance, process inefficiencies, management transitions). Our turnaround and restructuring services are fast, effective, and collaborative.

After assessing the situation, we work to make short term tactical adjustments that buy the company time to develop a strategic plan and acquire buy-in from stakeholders. Following that, we execute the plan, lead the restructuring while management runs the business, and create long-term, sustainable value for all stakeholders.

Our restructuring and turnaround professionals are highly skilled with a focus on:

•    Operational restructuring
•    Process improvement
•    Sales improvement
•    Organizational redesign
•    Efficiency improvement
•    Cost reduction
•    Contract restructuring
•    Crisis management

Whether distressed, stressed or simply in transition, interim management clients benefit from our professionals’ balanced experience in both financial and operational restructuring situations. Because many of us have also served as company-side executives, we can quickly assess, stabilize and fix the business for maximum positive impact.

We provide hands-on leadership to set the company on the path to success.

We lead effectively through difficult transitions by stabilizing and fixing the business. We plan for our own exit by recruiting new management and providing them with a clear roadmap for the future once we finish our work.

Our management executives come armed with performance improvement as well as industry-specific knowledge, which minimizes ramp-up time and maximizes impact. From nonprofits to family businesses to publicly held corporations, our professionals have deep experience working with internal teams of all sizes to establish priorities, and then communicate and execute a growth, crisis, or turnaround plan.

Interim management roles our experts commonly fill include:

•    CRO
•    Interim CEO | CFO | COO | GM
•    Controller
•    VP or Director of Sales
•    VP or Director of Engineering
•    Independent Board Member

CR3’s performance improvement consultants and experts work closely with management to assess and quickly identify areas of opportunity. We leverage decades of company-side expertise coupled with our advisory experience to develop customized solutions that enhance value in underperforming areas of any company.

We drive performance improvement across the organization.

We take a holistic approach to process improvement. We seek to understand the organization in its entirety in order to identify and prioritize improvements for maximum impact. Whether implementing new technologies, vetting product line profitability, or evaluating sales and marketing strategies, each plan is tailored and measurable.

Our professionals are knowledgeable across the organization, including:

•    Organizational design
•    Production setup
•    Outsourcing planning and setup
•    Management evaluation and hiring support
•    Operational scaling for profitable growth
•    Sales and marketing support
•    Performance management
•    M&A integration
•    Supplier management
•    Management advisory
•    Interim management

At CR3, our bankruptcy consulting professionals provide management teams a third-party, objective point of view supported by our decades of experience with insolvency. Knowing when a restructuring or turnaround is best accomplished by filing for bankruptcy protection or other court-supervised process is critical to our clients’ decision-making process.

We guide and support bankruptcy consulting clients through every stage of the bankruptcy process.

While bankruptcy protection and similar legal avenues are generally perceived as a last resort, there is sometimes no other way to combat cash seizures by the bank, forestall default action by a lender or landlord, stay a significant creditor judgment, or get ahead of a supplier interruption. Often the complex restructuring of a business, its capital structure, or its contracts cannot be negotiated out of court.

We provide guidance throughout the insolvency process as CRO or Financial Advisor, including:

•    Communication plans for internal and external stakeholders
•    Development of bankruptcy reporting, including schedules, statements of financial affairs, and monthly operating reports
•    Assembly of data and exhibits for first-day motions
•    Sizing, sourcing, and negotiation of debtor-in-possession financing
•    Assistance and participation in hearings and testimony
•    Preparation assistance for disclosure statement and the Plan of Reorganization (POR)
•    Managing the bankruptcy or restructuring process so organizations can get back to business

Our litigation consultants provide litigation support on damages, valuation and other financial matters related to complex cases in court proceedings, mediations, and arbitrations. As a leader among litigation consulting firms, we are engaged by private clients and/or their counsel and court-appointed fiduciaries. With backgrounds and credentials in accounting, finance, valuation, and restructuring, our experts are well-qualified to serve clients on a variety of assignments and across many industries.

We are an invaluable partner to counsel throughout the litigation process.

We specialize in matters involving damages from breach of contract, breach of fiduciary duty, director and officer actions, and recovery actions including fraudulent transfer and preferences.

Clients value our assistance in:

   Performing critical tasks before filing adversary proceedings such as developing case theories, quantifying damages, and analyzing opponents’ arguments and positions

   Assisting with discovery, including drafting and/or responding to document requests, preparing for depositions of fact and/or expert witnesses, and analyzing discovery documents

   Supporting mediation and arbitration proceedings including the preparation of related statements and financial analyses, development of negotiation/settlement strategies, and providing testimony

   Providing affirmative and rebuttal expert reports, deposition, and courtroom testimony

   Preparing for trial, including developing financial analyses, assisting with witness outlines, producing clear and persuasive trial demonstratives, and assisting with settlement strategies

   Performing diligence on counterparties’ ability to pay settlements or judgments and analyzing alternate payment or settlement scenarios

CR3's professionals provide corporate financial advisory services to both secured and unsecured creditors in official or ad hoc committees. We have a deep understanding of the restructuring process and business issues that are critical to a successful outcome and meaningful recovery.

Our insight helps our clients understand both the company and creditors' claims.

We uncover and unravel critical facts in complex cases and provide expert testimony on complicated issues. Our professionals have significant experience across multiple industries, as well as corporate finance and valuation skills, and can readily assess what assets, products or business lines have value and what recovery might be realized.

We help creditors recover value by:

•    Evaluating creditor claims and collateral
•    Assessing company assets, availability of unencumbered collateral, improper segregation
•    Assessing company’s business plan, projections, liquidity, and sustainability
•    Evaluating debtor and non-debtor entities, related party and intercompany transactions
•    Evaluating DIP loans and sale procedures, structure, and market terms
•    Analysis of any disclosure statement and reorganization plan, and determining omissions as well as feasibility
•    Developing alternative strategies and paths to maximize value
•    Reviewing bankruptcy dockets, pleadings, and schedules
•    Analyzing reporting and variance analysis, and developing additional information requests
•    Forensic investigation and litigation support, including expert reports and testimony

CR3’s CRO and Fiduciary Services practice provides the stability and confidence stakeholders require throughout a wind-down or managed exit from a business. Whether in court or out of court, our unbiased analyses, expert recommendations and steady hand have lent CR3 significant credibility with lenders and other constituents.

We have developed efficient strategies and processes for conducting wind-down. Our strategies and processes enable efficient and effective wind-downs and managed exits.

Our experienced professionals know how to implement wind-down strategies and monetize assets to maximize value for the benefit of creditors. Our approach includes management and oversight, financial planning and control, working capital disposition, asset marketing and sales, and exit and fiduciary services. Throughout the fiduciary services process, we will:

•    Analyze and determine what strategies maximize value recovery
•    Implement and execute on the parameters of the exit plan
•    Direct and implement all aspects of the wind-down and sale or liquidation of businesses across all industry segments
•    Provide the hands-on control necessary to maximize recovery while minimizing cost and potential claims