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Precision Machinery Test
This small subsidiary of a middle market public company experienced a significant earning loss one month.  It was the first earning loss in its history and was significant enough to violate debt convenants.

McShane Group stepped in to lead the process of developing a detailed financial and operating plan for the company.  The plan provided for substantial cost reductions and mitigated the liquidity and debt crisis through asset sales. The McShane plan became the foundation for communication with lenders, the parent company and other outside stakeholders.   In the year immediately following the engagement, the company increased sales and earnings 20%.