Turnaround & Restructuring

Turnaround Management That Gets You to the Other Side

Jaco team talking about turnaround management

Business Restructuring Services That Navigate Financial Distress

You’re facing the crisis every business owner dreads: financial distress that threatens everything you’ve built. The sleepless nights worrying about payroll. The pressure from lenders demanding answers. The weight of each decision can feel crushing. Your family’s legacy, your employees’ livelihoods, your financial security—all of it hangs in the balance while you’re uncertain where to turn.

When financial stress threatens your business, you need more than consultants—you need experienced advisors who have navigated these waters before. JACO Advisory Group provides turnaround management and restructuring services that stabilize distressed companies and guide them back to sustainable profitability.

Whether you’re facing covenant violations, cash flow problems, operational challenges, or market disruption, we help middle-market, closely-held, and family-owned businesses navigate corporate restructuring and turnaround management based on what actually creates successful outcomes—transparent communication, stakeholder alignment, and hands-on execution.

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Why Business Distress Requires Outside Help

Financial crisis creates layers of complexity that most business owners underestimate:

  • Most companies in distress don’t see it coming until financial controls reveal problems that have been building for months or years.
  • Multiple stakeholders create competing pressures—owners want to preserve their legacy, lenders want to reduce their exposure, employees fear for their jobs, and suppliers demand payment.
  • Every day of delay reduces your options and increases the difficulty of achieving positive outcomes.
  • The emotional attachment to assets, employees, and company legacy makes objective decision-making nearly impossible without outside help.
  • You’re making decisions under crushing pressure that will affect families who depend on you—and that isolation makes clear thinking nearly impossible.
  • The fear of being the generation that loses the family business creates hesitation when decisive action is critical.

However, when turnaround management is approached with discipline and transparency, many distressed businesses can achieve positive outcomes: preserved jobs, maintained supplier relationships, improved lender relationships, sustainable and profitable operations.

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The Benefits of Professional Business Turnaround Management

As a business owner facing financial distress, you’re shouldering an enormous burden. Your company isn’t just a business—it’s your family’s legacy, your employees’ livelihoods, and an integral part of your community. The weight of that responsibility can feel overwhelming. Professional turnaround and restructuring helps you:

Identify root causes of distress rather than just treating symptoms—distinguishing between sales problems, operational inefficiencies, and financial control weaknesses.
Stabilize stakeholder relationships by establishing credible communication with lenders, suppliers, customers, and employees.
Preserve maximum value for all parties through transparent negotiations and balanced decision-making.
Implement sustainable solutions that address fundamental issues rather than temporary fixes.
Navigate complex restructuring processes—whether out-of-court workouts, debt restructuring, or court-supervised proceedings.
Make difficult decisions about cost reductions, contract renegotiations, and organizational changes with experienced guidance.
Create credible turnaround plans that restore stakeholder confidence and provide a realistic path to profitability.
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Why Choose JACO for Turnaround Management Services

Business Restructuring Advisors Who Have Been There Before

Business Owner Experience

Every senior advisor at JACO has faced business challenges that tested them personally and professionally. We understand what it means when your personal assets are at risk, when you have to make decisions that affect families you care about, when you’re responsible for a legacy bigger than yourself. This experience shapes how we advise—with empathy, realism, and conviction.

Balanced Expertise

Most turnaround management consulting firms specialize in finance and may have basic operational knowledge. Few possess deep sales and marketing expertise. JACO maintains balance across financial, operational, and commercial disciplines, allowing us to diagnose whether problems stem from the balance sheet, the factory floor, or the sales organization.

Transparent Stakeholder Management

Periods of distress often give rise to mistrust. We establish credibility by communicating openly, honestly, and frequently. By thoughtfully balancing the needs of all stakeholders, we define clear and reliable pathways that drive positive outcomes.

Hands-On Implementation

We will never make a recommendation we’re not prepared to help you execute. Whether you need to restructure debt, improve cash flow, reduce costs, or address leadership gaps, we implement solutions alongside you.

Committed Partnership

We’re not transactional consultants who disappear after delivering a report. We work alongside you through the turnaround process, adapting our involvement to what you need for success.

Meet Our Team
Jaco team working on turnaround management

How We Turned Around an 80-Year-Old Manufacturer Facing Liquidation

When an 80-year-old commercial construction products manufacturer breached loan covenants and entered forbearance, JACO stepped in as Chief Restructuring Officer to stabilize operations and orchestrate a strategic sale. Despite industry speculation about the company’s viability, JACO balanced competing stakeholder interests—dedicated employees, loyal customers, the bank, private equity owners, and suppliers—while maintaining cash flow and operational performance. By providing decisive leadership through every stage of the sale process, from identifying buyers to finalizing the transaction, JACO achieved a successful outcome that preserved jobs, protected the “Made in the USA” brand promise, and delivered an acceptable outcome for both the ownership and lender.

READ THE BLOG

It Starts With Understanding Your Situation

Before we can develop your turnaround plan, we need to understand what’s really causing your distress. Is this a temporary cash crunch or a fundamental business model problem? Are the issues financial, operational, or commercial? What stakeholder dynamics must be navigated?

Companies typically come to us because they’re losing money or their bank requires third-party involvement. But the symptom—financial distress—is easy to identify. Our job is to find what’s really causing the problem.

JACO collaborates with you to answer five fundamental questions:

What’s Really Causing the Distress?

We diagnose root causes—not just symptoms. We peel back the layers to identify whether your problems stem from sales issues (underperforming sales force or lost customers), operational inefficiencies (throughput problems or cost structure challenges), financial control weaknesses (not realizing where you’re losing money), unfavorable contracts, or market disruption. Accurate diagnosis determines effective solutions.

Which Stakeholders Must Be Aligned?

We identify everyone with interests in your situation: owners, lenders, employees, customers, suppliers, and the community. Turnaround situations involve competing interests—banks seeking repayment, owners protecting legacy, employees worried about jobs, suppliers needing payment. Understanding and balancing priorities and constraints shapes realistic solutions.

Can the Business Be Saved?

We assess financial viability, market position, operational capabilities, and competitive positioning. Not every business can be saved, but many can—and early intervention dramatically improves outcomes.

What Are Your Options?

We help you explore multiple pathways—out-of-court workouts, debt restructuring, operational turnarounds, commercial negotiations, strategic sales, court-supervised restructuring, or structured wind-downs—keeping options open until the right path becomes clear.

What Immediate Actions Will Stabilize the Situation?

Every turnaround needs quick wins to restore stakeholder confidence. We identify cash preservation measures, critical relationship management priorities, and operational improvements that demonstrate progress.

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Beyond Stabilization: Comprehensive Business Advisory Services

Turnaround management often leads to other strategic initiatives as companies move from survival to growth:

We don’t just stabilize businesses—we help them thrive again.

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Frequently Asked Questions About Turnaround Management

How is turnaround management for family-owned businesses different?

Family businesses face unique challenges during financial distress. Your business decisions affect family relationships, and family emotions impact business decisions. You’re balancing family legacy, employee welfare, and community impact while trying to preserve the values that made your business successful. The emotional attachment to assets and people makes objective decision-making nearly impossible without outside guidance. We help you navigate these complexities while keeping both your business and family relationships intact.

What if we disagree with your assessment?

Transparency is fundamental to how we work. We share our analysis openly and invite feedback. If you identify flaws in our thinking or have information we’re missing, we adjust our conclusions. Honest disagreement often leads to better solutions. What we won’t do is sugarcoat difficult realities just to avoid uncomfortable conversations.

Do you only work with companies already in crisis?

No. While turnaround management and business restructuring services are often viewed as measures of last resort, we encourage companies to reach out at the first signs of trouble. Early intervention expands the range of available options and significantly improves the likelihood of a successful outcome.

How quickly can you start working with us?

We can typically begin within days (and sometimes hours) after initial contact. In crisis situations, speed matters. We’ll rapidly assess your situation and start implementing stabilization measures immediately while developing the comprehensive turnaround plan.

How involved does JACO get in the turnaround process?

We don’t just deliver recommendations and leave—we execute alongside you. We’ll stand in those tough conversations and get the work done. Whether you need help restructuring debt, improving cash flow, cutting costs, or navigating bankruptcy, if we recommend something, we’re prepared to help you implement it. Our engagements vary based on the complexity of your situation—we stay as long as necessary to ensure you reach sustainable profitability and have the systems and leadership in place to maintain it.

What if our company can’t be saved?

Not every company can be saved. When that becomes clear, we focus on maximizing stakeholder recoveries through structured wind-downs, sales, or court-supervised processes. We’ll be honest about the situation and work to achieve the best possible outcome for everyone involved—including displaced employees and orderly transitions that preserve relationships.

How do you balance different stakeholder interests?

This is where our approach differs from most turnaround consulting management firms. We balance the needs of all stakeholders by clearly communicating the plan, with regular updates that keep all stakeholders informed, while working toward solutions that preserve maximum total value. Sometimes this means difficult conversations with lenders about why certain actions serve their interests despite seeming counterintuitive.

Ready to Navigate Your Business Distress?

Financial distress brings pressure from every direction, and it can be isolating. You may feel like you’re carrying this burden alone, but you don’t have to. The worst decision is inaction—every day of delay reduces your options and increases stakeholder anxiety.

We begin with a straightforward evaluation of your situation and a realistic discussion of potential paths forward—no obligation, just clarity when you need it most.

Remember: successful business restructuring requires both strategic thinking and tactical execution. We help you with both, giving your business the best chance to survive the crisis and emerge stronger.

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