Industries

Environmental Industry Management and Restructuring

The environmental sector faces many challenges, from climate change and fossil fuel consumption to deforestation and reduced biodiversity. They help companies in many industries to reduce their carbon footprint and adjust to extreme weather conditions.

What financial challenges affect the environmental industry? These businesses must occasionally deal with other industries’ liquidity concerns, missed loan payments, operational issues, rocky transitions following acquisitions, bankruptcy filings, and difficulty finding high-quality talent.

SierraConstellation Partners (SCP) has decades of experience guiding companies in the environmental industry through challenging transitions. We recognize the importance of these organizations in leading the world’s businesses to greater sustainability, and we help them achieve the financial stability that enables them to do that.
Enhance your business with our performance Improvement services.

Environmental Industry Interim Management

There may be a sudden vacancy in the executive suite. Stakeholders may be worried that the current management will be unable to successfully navigate a challenging transition or a financial downturn. The management team may be dealing with a merger or acquisition. A company may be facing a lawsuit or bankruptcy. 

SCP has decades of experience handling these situations for businesses in the environmental sector. We provide interim CEOs, COOs, CFOs, CROs, and floor-level managers to guide companies through these challenging scenarios. Our experts work alongside the company’s management to assess the situation, develop revenue strategies and execution plans, and keep daily operations running smoothly, overseeing projects and teams.

Environmental Industry Financial Restructuring

What is financial restructuring? It is reorganizing a company’s economic structure, business portfolio, assets, or ownership to improve stability while focusing on reduced risk. The business may struggle to meet its debt obligations or face other financial pressures. Stakeholders may also wish to enhance the company’s value to make it more attractive to investors.

At SierraConstellation Partners, we provide comprehensive business restructuring services, including collaborating with top management on strategic initiatives that meet the company’s goals. We also design and negotiate financial transactions, manage important projects, and work with lenders to support the company through M&A activities or navigate a forbearance agreement. SCP handles post-merger integrations, negotiates with potential lenders, and structures and executes refinancing.

Environmental Industry Turnaround Management

Unlike restructuring, which often occurs when a company is already insolvent, a turnaround management strategy aims to prevent that. Revenue is down, and the company’s EBITDA is lower than anticipated. The stock price may have dropped, or officers may have poorly managed labor and capital. It may be something out of the company’s control.

An environmental organization may wonder, “How to offset a drop in governmental funding?” A loss of federal funding is a genuine concern for environmentally focused businesses, as it might leave the company scrambling for funds at a critical time.  

SCP’s expert turnaround team can step in to dramatically reshape the business to achieve greater profitability. We go further than other consultants, conducting a deep analysis, providing recommendations, creating a recovery plan, and then collaborating with the internal team to make it happen.

Environmental Industry Performance Improvement

How do you know if an environmental company you’re involved in needs a business advisory firm to improve its performance? Telltale signs include cash flow problems, a decline in revenue or profitability, or a sudden downturn due to higher supply chain or operating costs. These cases often require a deep assessment, strategic plan, and expert guidance.

If the business is underperforming or investors are anxious to turn a profit, SCP can help. We help companies navigate challenges and develop long-term business strategies for sustainable growth. Collaborating with management, we bring our insights and methodologies to drive operational improvement and fully leverage the company’s resources to maximize performance and productivity.

Environmental Industry Talent & Culture

An environmental business is only as good as its team and company culture. An executive or shareholder may wonder if the current team can handle a significant transition that affects the workforce, such as an acquisition or merger. The company may be going through a reduction in force or need to scale up quickly to handle a sudden pivot or new projects.

SierraConstellation Partners’ experienced talent and culture services include strategic organizational development, acquisition integrations, talent acquisition, and compensation planning. We ensure seamless leadership transitions, workforce planning, and in-depth analytics for a company’s recruitment efforts. We also offer risk management and ensure HR compliance.

Helping Environmental Companies Navigate Financial Challenges

As a premier business advisory firm, SCP provides environmental industry solutions to improve cash flow, boost performance, optimize teams and company assets, and assist with complex financial issues like restructuring and long-term business strategies. Our team comprises former CEOs, CFOs, COOs, investment bankers, and private equity investors who understand the problems faced by companies in the environmental space. 

Reach out and see how we can help you.

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Case Studies

Environmental Industry Team Members

William White

Senior Director

Bill Partridge

Managing Director

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William White

Senior Director

Los Angeles, CA

BiographyNotable AssignmentsMedia & Awards

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Industry Expertise

William White, a Senior Director at SierraConstellation Partners, has over 12 years of experience advising companies and creditor groups through complex transactions, including in- and out-of-court restructurings, distressed mergers and acquisitions, and challenging financings.

He has worked with clients across a variety of industries and executed transactions ranging in size from less than $100 million to over $20 billion. His industry experience includes apparel, automotive, consumer retail, manufacturing, distribution, infrastructure, technology and telecommunications.

Prior to joining SCP, Mr. White was a vice president in the restructuring group at Rothschild, Inc. in New York. He also worked as a financial analyst in the financial restructuring group at Houlihan Lokey and as a financial analyst in the corporate finance group at Ernst & Young.

Mr. White holds a bachelor’s degree in business administration from the University of Southern California and earned his MBA from New York University.

  • Served as interim manager of a designer, manufacturer and retailer of branded children’s apparel operating 82 stores and an e-commerce platform during its restructuring and sale of assets.
  • Advised a leading manufacturer of waste handling and recycling equipment in North America on the consensual out-of-court restructuring of $725 million in debt obligations.
  • Advised a leading global manufacturer of wire harnesses on its $325 million pre-packaged restructuring.
  • Advised a global Tier 1 automotive supplier during its Chapter 11 restructuring of approximately $22.2 billion of pre-petition liabilities.
  • Advised a Tier 2 industrial supplier on its $335 million pre-negotiated restructuring.

Media

Awards

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Bill Partridge

Managing Director

San Francisco, CA

BiographyNotable AssignmentsMedia & Awards

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Industry Expertise

Bill Partridge, a Managing Director at SierraConstellation Partners, has over 25 years of corporate finance, restructuring and capital markets expertise, across multiple industries including technology, biotech, media, energy and construction. Since joining SCP, Bill has worked closely with management teams, boards of directors, and stakeholders through many complex situations, leading them to successful results.

Prior to SCP, Bill spent several years as an interim executive and turnaround consultant taking on many unique and challenging engagements for private companies throughout the U.S.

Bill’s experience also includes leadership roles in private equity, banking, and as management at several operating businesses including Suntech, where he worked on its successful restructuring. His private equity and banking experience includes JP Morgan Partners, Credit Suisse and ABN AMRO Bank.

Bill’s work has yielded positive outcomes and earned him several recent industry awards:

  • In 2022, Bill was recognized in Global M&A Network’s 9th annual list of Top 100 Restructuring Professionals.
  • In 2022, Bill won the 14th Annual Turnaround Atlas Awards under the category of Private Equity Acquisition Deal of the Year.
  • In 2021, Bill won the 15th Annual M&A Advisor Turnaround Award under the category of ‘Information Technology Deal of the Year’ for his work with Wave Computing.

Bill received a BBA in Finance from the Mendoza College of Business at the University of Notre Dame and an MBA from the Marshall School of Business at the University of Southern California.

  • Financial advisor to the board of Embark Technology, Inc, a publicly traded autonomous trucking software company sold to Applied Intuition.
  • Financial advisor to board and CEO team leader for IT services and solutions provider based in Canada and US.
  • Financial advisor to board of a data center and fiber to the home outsourced service provider.
  • Financial advisor to board and Trustee to Debtor in Chapter 11 of publicly traded bio-pharma company, Zosano Pharma Inc.
  • Financial advisor in sale of private equity backed healthcare AI driven SaaS provider JVION to health analytics company, Lightbeam.
  • Financial advisor to Weldmac, a steel fabrication company, in its successful sale to TriMas (NASDAQ: TRS).
  • CRO team leader for business services company, Metco, in accelerated private sale process.
  • CRO team leader for Wave Computing, Inc. Chapter 11 reorganization. Debtor is a Silicon Valley based fabless semiconductor and AI technology company that owns MIPS IP core technology. Successfully orchestrated a plan of reorganization that provided liquidity for new product growth, while satisfying allowed creditor claims.
  • As interim CFO at a private B-corporation, improved liquidity through refinancing and the securitization of $40 million capital lease financings funded by a consortium of family offices and non-bank lenders.
  • Served as interim CFO at renewable energy company during refinancing and entry into foreign market. Bill led the expansion of the finance and accounting departments and successfully structured and raised corporate capital and off-balance-sheet project financing.
  • Financial advisor to rebar fabrication and construction company.
  • Financial advisor to stakeholders in a discount grocery store chain.
  • Financial advisor to board of a data center and fiber to the home outsourced service provider.
  • Represented debtor in restructuring of $2 billion multinational manufacturing company with headquarters in China.
  • Prior member of general partnership managing $360 million portfolio of private equity investments in technology companies.

Awards

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Confidential Demo & Remediation Services Company

SITUATION

  • A $600 million privately-held demolition and remediation company was experiencing liquidity and operational issues resulting from a recent acquisition.
  • SCP was engaged to provide a financial assessment of the company and develop recommendations to generate cash, assess quality of internal financial reporting and working capital management, and review monthly financial forecast for reasonableness, upsides and risks.

SCP'S SOLUTION

  • Performed a financial analysis of the company and created a 13-week cash flow forecast.
  • Assisted with identification and execution of cash collection and cash preservation opportunities.
  • Developed weekly receipts and disbursements cash flow forecast based on the latest 2015 financial model.

RESULTs

  • Company implemented a weekly cash flow monitoring process to track weekly presentation of actual vs. forecast.
  • Management team brought in an additional financial resource to enhance the collections and credit process.
  • Developed detailed action plan to enhance liquidity.
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Electronic Recycling Company

SITUATION

  • Specializes in the environmentally safe and socially responsible recycling of IT assets and electronic waste, provides secure data destruction and refurbishes or parts harvested from gently used electronics.
  • The company was dependent on commodity prices (copper, plastic, silicone, aluminum, etc.) for profitability and sustained a $10 million loss in 2015 due to a 15-year low in commodity prices.
  • SCP professionals were engaged in February 2016 as the bank was concerned about business viability and was seeking debt pay-down or refinancing.

SCP'S SOLUTION

  • SCP worked on-site at the Company’s headquarters in Fresno, CA to change the business revenue and profitability from being dependent on commodity prices to dependent on a service-based model (charged for services rendered vs. historically only made money by selling end commodities), further, SCP increased service offerings and increased prices charged.
  • SCP further increased profitability by reducing costs, and customer rationalization, removing redundancy and select headcount reductions.
  • SCP analyzed operational process flow, implemented new and efficient processes and improved accountability across business units.

RESULTs

  • Improved EBITDA from negative $10 million in 2015 to $4 million (run-rate 2016, $2.2 million for 6 months ended June 2016).
  • Refinanced 1st lien lender (Comerica Bank, $6.2 million) with new lender and larger credit facility (Ares Capital, $17.6 million).
  • Expanded capital base will allow ERI to enhance growth and allow the Company to execute on automation plans and pursue acquisition targets.
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Confidential Demo & Remediation Services Company

SITUATION

  • A $600 million privately-held demolition and remediation company was experiencing liquidity and operational issues resulting from a recent acquisition.
  • SCP was engaged to provide a financial assessment of the company and develop recommendations to generate cash, assess quality of internal financial reporting and working capital management, and review monthly financial forecast for reasonableness, upsides and risks.

SCP'S SOLUTION

  • Performed a financial analysis of the company and created a 13-week cash flow forecast.
  • Assisted with identification and execution of cash collection and cash preservation opportunities.
  • Developed weekly receipts and disbursements cash flow forecast based on the latest 2015 financial model.

RESULTs

  • Company implemented a weekly cash flow monitoring process to track weekly presentation of actual vs. forecast.
  • Management team brought in an additional financial resource to enhance the collections and credit process.
  • Developed detailed action plan to enhance liquidity.
×

Electronic Recycling Company

SITUATION

  • Specializes in the environmentally safe and socially responsible recycling of IT assets and electronic waste, provides secure data destruction and refurbishes or parts harvested from gently used electronics.
  • The company was dependent on commodity prices (copper, plastic, silicone, aluminum, etc.) for profitability and sustained a $10 million loss in 2015 due to a 15-year low in commodity prices.
  • SCP professionals were engaged in February 2016 as the bank was concerned about business viability and was seeking debt pay-down or refinancing.

SCP'S SOLUTION

  • SCP worked on-site at the Company’s headquarters in Fresno, CA to change the business revenue and profitability from being dependent on commodity prices to dependent on a service-based model (charged for services rendered vs. historically only made money by selling end commodities), further, SCP increased service offerings and increased prices charged.
  • SCP further increased profitability by reducing costs, and customer rationalization, removing redundancy and select headcount reductions.
  • SCP analyzed operational process flow, implemented new and efficient processes and improved accountability across business units.

RESULTs

  • Improved EBITDA from negative $10 million in 2015 to $4 million (run-rate 2016, $2.2 million for 6 months ended June 2016).
  • Refinanced 1st lien lender (Comerica Bank, $6.2 million) with new lender and larger credit facility (Ares Capital, $17.6 million).
  • Expanded capital base will allow ERI to enhance growth and allow the Company to execute on automation plans and pursue acquisition targets.