Winter Harbor LLC

Edwards Brothers Malloy

Book Manufacturer Receives New Line of Credit from Current Lender

 

Established in 1893, Edwards Brothers Malloy is the fifth largest book and journal manufacturer in the United States with over $100 million in annual sales.  The Company runs one of the largest digital print operations in North America with 8 locations in the U.S. and another in the U.K.  Edwards Brothers Malloy also offers fulfillment services in the U.S. as well as global printing and distribution through its Global Print Solutions (GPS) partnership, giving publishers a single print supply chain solution.  Combined, its offset and digital printing platforms provide a Life of Title® solution for helping publishers maximize revenues and profits on the life of every title.

Our Role

Winter Harbor was engaged as Financial Advisor to conduct a comprehensive review of their business operations and suggest operational improvements to reduce costs and increase profitability.

  • Performed an assessment of the Company’s current and future liquidity needs.

  • Worked with lender and Company to determine available line of credit.

  • Assessed current business plan.

  • Provided an operational improvement assessment to identify cost saving and profit improvement opportunities.

  • Manage pensions and legacy costs.

Engagement Outcome

Winter Harbor acted as Financial Advisor to Edwards Brothers Malloy (EBM), focused on identifying cost saving methods and profit improvement opportunities, including building a strategic business plan. We partnered with EBM’s executive team to analyze current cash flows, and through financial models, determine future liquidity needs. As Financial Advisor, we worked with EBM’s current lender to establish an available line of credit. Through discussions, we negotiated an increase in EBM’s borrowing threshold with its lender. Additionally, our professionals managed EBM’s legacy costs, specifically, pension liabilities.