Fleetgistics

Despite implementing significant operational initiatives, the company faced depressed cash flow due to competitive pressures, price commoditization in key areas, field service challenges, and a declining customer base, ultimately resulting in a breach of its debt covenants.

Carl Marks Advisors partnered with the company and its lenders to stabilize operations, conducting a comprehensive assessment of logistics, optimizing route planning, and identifying efficiencies in field management. We performed an in-depth expense analysis, implemented cost-saving measures, and provided strategic guidance on business improvement initiatives. By the end of the engagement, the company achieved compliance with debt covenants, resolved legal liabilities, and successfully expanded its market share.