Jersey Precast is a designer, manufacturer and distributor of precast concrete structures for bridge, tunnel and highway projects throughout the United States with $40 million in annual revenue.
Winter Harbor was engaged by Jersey Precast to service as Chief Restructuring Officer as they sought to complete a firm-wide reorganization.
Evaluated and analyzed the Company’s financial forecast, including a detailed review of the underlying assumptions.
Assessed the Company’s liquidity situation as it relates to the forecast and created a rolling 13-week cash flow projection.
Managed the Company’s daily cash flow in order to preserve liquidity and stabilize operations in order to enable sales growth.
Negotiated multiple agreements with the Company’s lender through a period of minimal liquidity.
Tested the impact of deviations from the forecast and the resulting impact to financial performance.
Winter Harbor analyzed Jersey Precast’s financial forecast and cash flow projections, focusing on preserving liquidity and stabilizing operations. Our professionals negotiated a new lending agreement, providing Jersey Precast with additional capital to reinvest and ultimately grow sales. By restructuring its business operations and entities, Jersey Precast was able to stabilize its cash flow, reduce overhead and improve operational efficiencies. Just recently, Jersey Precast celebrated their 35th anniversary.