J.S. Held Acquires Shechter & Everett to Expand Forensic Accounting Capabilities for Family Law Disputes in Florida
Read MoreThe Company was a $15 million Developer of Computerized Special Effects headquartered in MA.
The Company had raised more than $30 million from several private equity investors, who had lost confidence in the CFO and were concerned about the continued cash burn and exit strategy.
Our experts assumed the role of CFO, migrated to a new contract manufacturer that reduced costs while improving quality, restructured several licensing agreements, and revamped the incentive compensation program, bringing the Company to a cash flow-neutral status. J.S. Held then structured the sale of ICE’s streaming media technology to a newly capitalized entity and negotiated the sale of its “legacy” business to a publicly traded entity, resulting in a return to its shareholders that exceeded their expectations. The strategic buyer remains a leader in providing enterprise-class platforms for the automated production and distribution of streaming media.
Brian F. Gleason, CTP
Senior Managing Director
Strategic Advisory Practice
+1 610 659 8118
[email protected]
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