The manufacturing industry is a cornerstone of the global economy, responsible for transforming raw materials into finished goods. This sector is rapidly evolving due to technological advancements and shifting consumer demands. At Quest, we specialize in assisting manufacturing businesses with a range of services, including mergers and acquisitions (M&A) and Chief Financial Officer (CFO) support, tailored to meet each company’s unique needs.
Quest offers a team of professionals experienced in the manufacturing industry, providing services such as Fractional CFO and Controller roles. We collaborate closely with your management team to stabilize and grow your company, especially during challenging times.
$30M Industrial Manufacturing Company
The Challenge: Working with the CEO and Management Team to help stabilize and grow the company during post-covid times.
The Solutions: Acted as the Fractional CFO of this subsidiary of an NYSE company by having a high-level budget, financial and strategic reporting, and presentations to a publicly listed management team.
The Results: Made the company over $200,000 in year 1 by developing efficiencies and negotiating settlements with vendors.
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$75M Industrial Manufacturing Company
The Challenge: Helped the company transition from the death of principal as Pres/CFO after the full-time CFO resigned.
The Solutions: Worked with a broker to establish exit strategies for the company and 4 subsidiaries as well as negotiated variable pricing to customers based on fluctuating steel prices resulting in multimillion dollars in revenues and profits.
The Results: Was able to negotiate $2M retroactive price concessions from major customer. This resulted in a $5M+ in increased price changes for future 2 years.