applied business strategy – Applied Business Strategy

Applied Business Strategy Retained as Chief Restructuring officer

Applied Business Strategy (“ABS”), retained as Chief Restructuring Officer in October 2021 for a large, privately held food contract manufacturer (“Company”) serving several large well-known consumer brands, such as Nestle and Hershey’s, is pleased to announce the successful restructuring of the Company.

In its role, ABS developed and implemented a comprehensive business model and turnaround plan focused on price increases, cost reduction and settlement of several large contingent obligations. The restructuring was completed without a bankruptcy filing in January 2023 by selling a majority interest in the Company.

Applied Business Strategy 501c3 Forensic Exam

Applied Business Strategy (“ABS”) was retained to perform a forensic examination of a high-profile, Cleveland-based non-profit organization.

The ABS forensic accountants team assisted legal counsel to the non-profit in assessing the potential exposure of suspicious transactions, and interviewing key personnel to determine the extent of possible accounting irregularities.

ABS found that the suspicious transactions were not systemic in nature, but were the result of inadequate training.