Broadway Advisors was retained as the financial advisor to a privately held manufacturer of washroom equipment.

Established over 100 years ago, this US based manufacturer with plants in five states and Canada and representatives and distribution facilities throughout Europe, Australia, Asia, Africa, Central and South America, the company was experiencing cash flow difficulties resulting from increased competition, and rising material prices.

Broadway Advisors worked with company management to develop a comprehensive cash flow projection model that evaluated various restructuring initiatives, sensitivity to material pricing, the impact of foreign currency exchange rates, and other variables impacting the company’s cash flow.

Once the “turnaround plan” was finalized with company management, Broadway Advisors assisted the company in negotiating a new credit facility that would provide for additional working capital.