J.S. Held Acquires Shechter & Everett to Expand Forensic Accounting Capabilities for Family Law Disputes in Florida
Read MoreOur client was a family-run, $50 million Manufacturer of High-end Fishing Reels and Rods headquartered in Philadelphia, PA.
Overseas competitors began to encroach on the Company’s dominant market position and slowly acquired larger pieces of its market share. High manufacturing costs and price sensitivity began to chip away at profit margins. Due to a strong family loyalty toward the business, major decisions were deferred and the future of the Company came into question.
Our experts analyzed operations and concluded that manufacturing costs could be controlled by consolidating manufacturing and outsourcing the production of a high percentage of component parts. During this reorganization, a strategic industry buyer was identified, and a transaction was entered into that included the sale of our client’s business and the assumption of all of its liabilities.
Brian F. Gleason, CTP
Senior Managing Director
Strategic Advisory Practice
+1 610 659 8118
[email protected]
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