The Company
Industry: Consumer Products
Entity Type: Privately Held
Operating Region: United States
Size: $50M Revenue
The PROBLEM
Following a period of rapid growth, the company experienced softened consumer demand and increased costs driven by tariffs, creating liquidity challenges and the need for additional financing. At the same time, its incumbent lender announced plans to exit the relationship, creating urgency around securing a new financing partner. Leadership needed experienced financial leadership to maintain operational stability, strengthen financial reporting, and support a seamless financing transition.
The Solution
McDermott + Bull Interim Leaders placed an experienced Interim VP of Finance & Accounting with deep expertise in financial reporting, cash flow management, and lender relations. As the engagement evolved, the interim leader shifted from day-to-day finance oversight to leading the company’s financing transition, preparing audit documentation, coordinating cross-functional information requests, managing lender due diligence, and delivering the financial analysis required to secure a new lending partner.
The RESULT
The interim leader successfully guided the organization through a complex lender transition while maintaining disciplined financial reporting and cash flow management. By satisfying all audit requirements, supporting lender due diligence, and delivering the financial insights needed to secure new financing, the engagement strengthened the company’s financial position and ensured uninterrupted operations.
Secured $10 Million in New Financing
Facilitated a seamless lender transition by coordinating audits, supporting due diligence, and helping secure a new $10 million credit facility.
Executed a Seamless Lender Transition
Managed documentation and cross-functional coordination across three audits, completing all lender requirements on schedule without disrupting liquidity.
Enhanced Financial Reporting
Oversaw month-end reporting, cash flow forecasting, and financial analysis to support executive decision-making and lender confidence.
Julie Francis
Managing Director, McDermott + Bull Interim Leaders
jfrancis@mbexec.com
Julie Francis serves as a Managing Director for McDermott + Bull Interim Leaders, where she identifies and secures highly skilled executives to address client companies’ critical business challenges, provide interim leadership, and oversee special projects. She works with executive leadership at middle-market and enterprise-level companies as well as with investment banks and private equity groups to improve operational and financial performance.