This manufacturer of industrial tubing has been a family business for the past 38 years. Owner disagreements were tearing the company apart. The owners sold the business to an interested investor and retired.
Three years into the sale, the new owner filed bankruptcy and the original owners were forced out of retirement to pick up the business that was now in very poor condition.
When the owners engaged Advanced Business Coaching, there was no transition plan in place to guide their decisions going forward. The distressed company demanded immediate help in improving financials and the development of leadership techniques. Time was of the essence. There was very little room for error
Due to the complexity of this situation, our efforts continued for 22 months until February when the owners received a desirable 5 year buy-out plan from a new owner that allowed them to return to a comfortable retirement with a significantly improved cash position.