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Case Studies
Our professionals have worked with companies and constituents across multiple industries to drive meaningful and lasting change. Each of our case studies summarizes our client's situation, our scope of work, and how the engagement team created value for all constituents.
Recycling Company
CR3 was engaged as the CRO to a multi-facility international recycling company that was experiencing declining profitability due to increases in freight costs and a poor product mix from a new key supplier.
Compact Appliance Distributor
The company was a $50MM designer and seller of compact appliances including beverage and wine coolers, ice makers, and other products through e-commerce retailers and direct-to-consumer sales.
Vertically Integrated Cannabis Grower
The company was a vertically integrated cannabis grower, processor, marketer, and retailer who engaged CR3 Partners to assess the company's business and performance improvement plan.
Home Security Provider
The company was a $4MM recurring monthly revenue (RMR) home security provider to homes and businesses in the eastern U.S. with over 200 employees. After it became clear that the sale process would not yield a full recovery to the company's lenders, CR3 was engaged to provide a CRO and additional personnel.
Quick Service Franchise Operation
The company was a $120MM quick service franchise operation that breached its covenant due to declining sales and hired CR3 Partners to assess its business plan.
Food Packaging Products Manufacturer
The company was a private equity owned manufacturer of food packing products created from merger of two equally sized companies. Due to an unsuccessful merger and failed lean manufacturing implementations, CR3 Partners was engaged to assess operational issues, inventory control, and poor liquidity.
Express Grain Terminals
Express Grain Terminal was a $165MM family-owned grain elevator and crushing operator trading in corn and soybeans and bean byproducts that filed for Chapter 11 bankruptcy protection after the secured lender moved to dismiss management and appoint a receiver.
CiCis Pizza
The company was a private equity-owned pizza buffet franchisor that was impacted by the COVID-19 pandemic and government shutdown orders, resulting in the private equity sponsor no longer wanting to finance losses.