Case Studies

Developer of Computerized Special Effects

J.S. Held Acquires Shechter & Everett to Expand Forensic Accounting Capabilities for Family Law Disputes in Florida

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The Situation

The 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.

How We Advised

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.

Key Contact

Brian F. Gleason, CTP 
Senior Managing Director 
Strategic Advisory Practice 
+1 610 659 8118 
[email protected] 

Related Practice Areas

> Office of the CFO & Corporate Finance Support 
The financial function is a critical partner in value creation in most businesses. We provide unparalleled support to the Office of the CFO to shape organizational strategy and enhance long-term business value. As CFOs and finance leadership across sectors face increasing demands, understaffing, and unprecedented challenges, we deliver guidance regarding financial planning and operations improvement, risk mitigation, and strategic business intelligence. 

 

> Chief Restructuring Officer (CRO) and Interim Management Services 
Our experienced C-suite interim executives advise and support companies in financial distress, experiencing hypergrowth, or that are challenged by critical vacancies among senior leadership. Whether the leadership void results from operating challenges, a recent officer resignation, the need for added support during busy periods, or during an extended job search for the right permanent hire, our experienced executives provide immediate relief and value. 

Our Experts