Merger - Financial Advisor:
Hyak360 Partners was called upon to be the Financial Advisor to two building products distributors that wanted to do a merger. Hyak360 Partners guided the business owners through the entire process, advising them on relative business valuations, stock ownership amounts for each owner in the new entity, selection of merger form, an assumption of a $700k SBA loan, financing issues, extensive financial analysis and modeling of the combined entities, coordination with legal and tax professionals, and a smooth closing. Hyak360 Partners also assisted in post-merger integration issues. Revenue of the merged entity is $27 million.

Growth Capital:
Hyak360 Partners was called upon to assist a company that had been put into Special Credits at its bank. The company had invested heavily in a new joint venture and had tripped most of its covenants. Hyak360 Partners arranged a $2.75 million factoring line of credit for the company and arranged a $2.0 million line for the new joint venture. Hyak360 Partners also arranged a $400k SBA loan to assist in working capital needs. The company quickly and quietly exited the bank, and the company and its new joint venture received growth financing and working capital financing.

Moving on up – from Factoring to traditional Bank financing:
A company came to Hyak360 Partners seeking a new banking relationship and additional working capital. The company had been using factoring for years for its working capital, and was unsure if it was eligible for traditional bank financing, due to its high leverage, losses, and thin equity. Hyak360 Partners helped them obtain a working capital line of credit of over $1 million with a regional bank, and also assisted them with a $500k SBA working capital loan.

Partner Buyout:
A business owner came to Hyak360 Partners seeking assistance in buying out his majority partner in his business. Hyak360 Partners assisted the owner in the entire process, from arranging the $750k acquisition term loan, moving the company to a new banking relationship with a $1.5 million line of credit, assisting on business valuation and deal structure, negotiation assistance, coordinating with legal and tax professionals, restating the historical financial statements, and making sure the deal got done on time and as negotiated.

Acquisition Advisor:
Hyak360 Partners was hired by an individual to assist him in the acquisition of a branded food products company. Hyak360 Partners identified the target, led negotiations of the deal, performed a valuation of the business, assisted in the due diligence efforts, structured the transaction, coordinated with legal and tax professionals, and guided the deal through to a successful closing. Hyak360 Partners also worked on post-acquisition issues.

Special Project – Site Analysis:
Hyak360 Partners assisted a Puget Sound division of a large national corporation conduct a site analysis. The client needed an independent and objective analysis to determine if the company should renew the facility lease, move the existing business, or close the facility and move production to other parts of the company. Hyak360 Partners developed the analysis model and conducted the research on region labor statistics, site costs, operating expense impacts, move costs, and business interruption costs.

CFO Services:
The owner of a small manufacturing company experienced an abrupt exit of a long time accountant who was the only person who understood the accounting system. The company was experiencing abnormal inventory transactions, thus making the financial statements meaningless. Hyak360 Partners evaluated the financial systems, determined the system issues, and made the required corrections and adjustments to finalize the year end statements. Hyak360 Partners assisted in the selection process and training of the replacement staff position.

Cost Management - Product Line Profitability:
Hyak360 Partners was hired to assist a rapidly growing company of specialty building material products for commercial construction applications. The company was experiencing rapidly increasing volumes and had expanded in three years from a single product line to four products lines with increasing options offered. Hyak360 Partners developed product line profitability models for the company to understand which product lines and options contributed the most to the bottom line. Hyak360 Partners developed the shop floor measurement system to monitor real time performance and throughput.