Case Study

Seco Product

Seco Product

Engagement Results Company: Seco Products Industry: Light Metal Fabrication Size: Middle Market Expertise: Interim Management Assignment: To provide Interim Management and to develop a strategy to work out the company's nancial diculties Actions: Seco Products manufactured cafeteria lines, specialty food kitchens, and food delivery systems. The company was owned by a Private Equity Firm which had purchased the company on a high multiple based on an aggressive growth forecast. Performance did not occur as planned, the company was in violation of their bank covenants, and bankruptcy seemed almost certain. MainStream was engaged to provide a strategic assessment and interim management. At the point of MainStream Seco Productinvolvement the company was in the crisis stage where the major ven

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