CHOATE & Associates works alongside clients as advisors, guiding them through the restructuring process. Alternatively, CHOATE & Associates will serve as Chief Restructuring Officer, assisting owners, Boards of Directors, and executives to manage the myriad issues that arise in a complex, often confusing, restructuring environment.

We seek to:

• Align costs with current and projected revenues
• Eliminate barriers to profitable growth
• Develop action-oriented business plans
• Communicate with internal and external stakeholders
• Implement required changes for long-term corporate health

CHOATE & Associates offers a full range of corporate revitalization services:

Corporate Turnaround and Restructuring

Immediate action is required when you're facing a cash crisis, continuing operating loss, or revenue stagnation. But just because urgent action is necessary doesn't mean your situation shouldn't be handled with extreme care. CHOATE & Associates is prepared to strike just the right balance from day one.

As soon as we begin working with a company, we “triage” short term challenges and then plan and implement operational and financial improvements that preserve cash, establish a short-term focus, and regain the confidence of owners, employees, and lenders. Once the turnaround is underway, we step back and assess the full range of opportunities, obstacles, and risks, and then create a restructuring plan that serves as a blueprint for action.

Our corporate turnaround and restructuring services have measurable impact regardless of whether we're retained for one month or one year. Acting as interim management or advisors within your company, we work closely with the Board of Directors and/or management to ensure the blueprint for restructuring is executed.

Financial Advisory

We've experienced every type of financial situation, whether it's one that requires carefully crafting longterm financing plans to avert a crisis situation or having to dynamically allocate cash to survive a business crisis. We assess business plans, develop strategies to maximize cash flow (EBITA), clean up balance sheets, and provide alternatives to finance acquisitions and recapitalizations. We're committed to showing you how to leverage your financial resources and options to achieve your business goals.

Financing and Capital Sourcing

Whether in crisis or planning for the future, CHOATE & Associates has strong relationships with lenders, private equity groups and individual investors. If we identify a compelling lending or investing opportunity, we package your strategic and financial history and present it to the market. In this way, we aggressively pursue attractive financing alternatives for your company. In addition, we negotiate on your behalf with banks or investing groups to get the best financing and terms possible.

Crisis and Interim Management

In a crisis situation, we can deliver C-level experienced managers to your company to restore order, confidence and create positive forward momentum. We closely manage employees, suppliers, customers, and lenders to buy the required time for restructuring your company.

Recent examples of our success in working with privately held companies include:

• STAYING IN THE GAME
  Retained by Board of Directors to turnaround a mid-sized manufacturer of baseball gloves and bats paralyzed by a polarized ownership and management structure, as well as a severe cash shortage.
• SLOW AND STEADY WINS THE RACE
  Hired to assist with corporate restructuring and provide interim management for a regional IT integrator experiencing a sudden 50% revenue reduction.
• CREATIVE FINANCING
  Retained as financial advisor to an international importer of perishable commodities experiencing severe liquidity problems.
• CHANGE THE PROGNOSIS
  Provided turnaround consultingto an import and distribution business after the loss of one customer who accounted for 75% of revenue.