Mr. Minihane’s familiarity of working in various industries and in numerous distressed environments, allows him to quickly determine the core challenges facing the company. He can then educate the various constituents about the operational and financial realities of a distressed situation in addition to the options going forward.
Having a deep history in operations and a background in the various manufacturing disciplines he leverages his hands-on, fact-driven system to rapidly improve operational inefficiencies to help under-performing companies quickly identify and capitalize on opportunities to improve profitability and liquidity.
Differences in everything from industry to company culture to infrastructure determine which tools and techniques will be successful immediately whether operating in US, Mexico, or China facilities and be they manufacturing or non-industrial environments; the operational levers are often the same but the approach is tailored to the realities of specific environments.
Leadership roles take a variety of forms including:
Interim Management
Can deploy immediately in senior leadership roles: CEO, CFO, or CRO
Provide strong leadership reporting to owner or Board of Directors
Design and implement action plans with a balanced sense of urgency
Can oversee management team and daily operations
Provide leadership to rapidly stabilize the situation and significantly improve operational performance
Provide transition to permanent new management team if necessary
Manage the bankruptcy process
Turnaround Management
Work within or closely with the management team to define the problem, develop and implement comprehensive turnaround programs
Instill the proper sense of urgency
Drive significant improvement in operational and asset performance metrics
Impel change and prepare the enterprise: if it is bad now, it will probably get worse before it gets better
Model and apply realistic Business Plans
End objective is to leave behind an organization that is stable, self-sustaining with its assets positioned for future profitable growth
Crisis Management
Cash, Cash, Cash
Work within or closely with the management team employing experienced leadership to take immediate and decisive action
Define the business problems and solve them with a detailed action plan
Establish a positive operating cash flow as quickly as possible
Negotiate with various stakeholders
If necessary, prepare for and navigate through the Bankruptcy process