Chicago, IL
The company encountered financial difficulties as it transitioned from a print-focused model to a more diversified business. Formed through the merger of three separate entities, it faced challenges with underperforming publications and the inefficiencies of multiple inherited ERP systems.
To address these issues, EnsembleIQ implemented a turnaround plan, including restructuring the executive team, improving KPI tracking, instituting cost controls, and consolidating duplicative publications. Investments were made in scalable digital platforms and primary research offerings, with the sales force realigned to support these initiatives. The company also integrated back-office operations by consolidating facilities and ERP systems.
Carl Marks Advisors (CMA) served as Lender Advisor, evaluating the company’s business plan, financial forecasts, and cash management processes. CMA provided critical recommendations, ensured lender confidence, and supported the finalization of an amendment agreement.
The Company implemented a turnaround plan that consisted of the following:
CMA served as Lender Advisor, providing recommendations and evaluating the viability of the Company’s business plan, financial forecast and the cash management processes