A $60 million lighting technology manufacturer needed an interim Chief Operating Officer. This organization is an industry leader, owned by a Private Equity firm, and was experiencing a sales downturn. The original thesis needed reassessment, as well.
Experienced in manufacturing & turnarounds, a Patina Professional quickly developed and executed a 100-day plan as acting, interim COO.
In six months – the company improved its pro-forma EBITDA by 175% and dramatically improved free cash flow. The Patina Professional was hired full-time as the new COO. The PE firm continues to use Patina to support other portfolio companies.