Precision Marshall Steel Division: Phoenix Capital Resources, Phoenix Management Services Client Precision Marshall Steel was a $20 million processor and fabricator of tool steel and flat steel plate based in Pennsylvania. Problem Due to underutilized operations, both domestically and internationally, and an overall downturn in the machine tool industry, the Company’s senior lender required the Company to engage a crisis manager to advise the Company on its strategic options. Solution Phoenix Management Services was engaged and quickly recommended a plan to return the Company to profitability, which included the sale or liquidation of the European plant. Phoenix also identified and implemented numerous cost reductions for the U.S. plant and developed a manufacturing forecasting model that

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