7047 South Picadilly Street
Aurora,CO 80016
Phone: 303.520.2493

Keith McAslan (Denver Business Journal
2010 CFO of the Year Nominee) has secured favorable financing for two clients in this difficult lending environment.
Using a professional bank package,
preferred lending sources and personally representing the Client’s with the
lenders, McAslan Consulting was able to secure the financing. These successful Client’s include: A manufacturing client was not only
able to renew their $500,000 line of credit with the lender but secured an
increase to $700,000. This client
secured the initial line of credit one year ago with the assistance of McAslan Consulting to fund growth and expansion initiatives.
By working with Keith McAslan as the Trusted Advisor to the CEO on an on
going basis this client has increased revenues from $2.5M annually to over
$3.5M and improved profitability and cash flow. A virtual business (internet based and
executive coaching) Client of McAslan Consulting was able to close on an unsecured line
of credit with a lender to fund new product development and provide liquidity
due to seasonality in the business.
Additionally, Keith McAslan has been the part time CFO for this Client for
over one year, helping to drive strategy and improved financial results.
Saved a client $1.2 million in a post close working capital adjustment proposed by the buyer. I reviewed the buyers work papers related to the standards setting and inventory revaluation, then determined the seller had an error in the calculation in favor of my client. The end result was the seller informed of the gross error and it placed all their proposed working capital adjustments due to accuracy and creditability of the accounting, so they settled with no adjustments to working capital and purchase price.
Keith McAslan has been nominated for the 2010 Denver Business Journal CFO of the Year for his accomplishments at Western Forge in selling the business in 60 days and preserving over 400 jobs in Colorado.
McAslan Consulting, was instrumental in the successful sale of Western Forge to Ideal
Industries. As the interim CFO, having both CFO and private investment transaction experience,
guided the management team through the sale and due diligence process
completing the sale from prospective
buyer presentation to close within 60
days. Ideal
Industries Inc. agreed to buy the
Colorado Springs-based Western Forge
from MW Universal Inc. just two years after MW paid $40 million for the hand
tool manufacturer. Sycamore, Ill.-based
Ideal was founded in 1916 and has grown into an international manufacturer and
distributor of connectors, testing equipment, tools and supplies mostly for the
electrical, communications and data transmission industries. The privately held
company employs 1,200 worldwide. Western
Forge makes screwdrivers, pliers, punches and other hand tools for a variety of
major retailers including Sears and Home Depot.
The company was founded in 1965 in Defiance, Ohio, and moved a year
later to Colorado Springs. |
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Advisory Services |
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Financial Advisory |
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Business Plan and Executive Summaries |
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Debt and Equity Financing |
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M & A Advisory |
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Interim Management |
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Performance Improvements |
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Turnaround Management |
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Healthcare Advisory |
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