Fleetgistics

Summary

Financial Advisor

Orlando, FL

Fleetgistics is one of the largest providers of same-day logistics services in North America. Headquartered in Orlando, Florida, Fleetgistics served a nationwide client base across numerous industries, with specialized offerings for long term care pharmacies, medical laboratories, and automotive aftermarket parts retailers and distributors.

Despite significant operational initiatives, the Company was experiencing depressed cash flow related to competitive attacks, downward price pressure / commoditization in key areas, field related service issues, and a deteriorating customer base which culminated in a breach of its debt covenants.

Key Challenges

Pending Lawsuit

Competitive Pressure

Service Issues

Pricing Pressure

Engagement Highlights

Assessed logistics operations including route planning and dispatch, field management, and identified key opportunities to develop efficiencies.
Performed a deep dive analysis on expenses, looking for opportunities to reduce costs without harming business operations including independent contractor management and fuel surcharge strategies.
Evaluated business improvement initiatives providing guidance on potential shortfalls as well as experienced insight to maximize results.
Worked closely with the Company and Lenders to implement a strategy that stabilized the operations.
As of October 2015, the Company was in compliance with all debt covenants, had settled outstanding legal liabilities and grew market share.

Fleetgistics

Summary

Financial Advisor

Key Challenges

Engagement Highlights

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