Company Size & Timeframe

  • $15 million in revenue
  • 5 day/week for 10 months


  • Sold portion of the company for 1.6x revenue in a severely restricted market
  • Successful transition of team to new company
  • Successful conclusion of all legal issues
  • Successful conclusion of remaining company assets via chapter 11

Company Profile & Position

  • Interim Chief Restructuring Officer


  • Pending legal issues
  • Federal insourcing mandate
  • Unable to attract new federal customers
  • Running at significant losses with no clear path to profitability
  • Loss of direction, staff was complacent


  • Took immediate measures to reduce and prioritize costs to enable restructuring
  • Sought to effectuate a sale of the company or its assets
  • Identified, developed and negotiated the sale of company IP; transitioned workforce to a new government vendor
  • Guided remainder of company through bankruptcy
  • Negotiated and settled with Justice

See what Cerius can do for you.

Cerius Insights – Customer Quote


Anatomy of a Turnaround – Once a decision is made to begin a turnaround, planning and direction must replace the void caused by inaction and lack of leadership. New direction and achievement goals must be communicated through leadership. The old status and emotional baggage must become a “So What”.