Interim COO and Manufacturing Turnaround – Lighting Technology Company with Private Equity Ownership

Introduction

Interim COO drives lighting technology company turnaround to company’s and PE-owner’s satisfaction.

Private Equity Ownership

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Challenge

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.

Solution

Experienced in manufacturing & turnarounds, a Patina Professional quickly developed and executed a 100-day plan as acting, interim COO.

Outcomes

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.


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