Interstate Freight Business Success Story
Client in interstate freight and farming business with freight turnover of $75 million and farming turnover of $25 million. The company has over 150 prime movers.
Due Diligence – 180 Partners were engaged during 2016 to perform a Vendor Due Diligence Report and assessment of Fair Business Market Value, due to approaches from external parties interested in acquisition.
Refinance - 180 Partners was again engaged during 2017 to refinance the group. This engagement resulted in significantly improved terms such as removal of directors’ guarantees, much lower security levels and 1.5% reduction in interest rates.
System Implementation - 180 Partners was engaged in November 2017 to assist with Pronto systems implementation, which went live on 1st February 2018.
CFO Services – 180 partners continue with outsource CFO services and board presence with the first board meeting scheduled for 7th March 2018, giving full financial analysis and oversight over the business for the first time.