Douglas “Doug” Neibloom started as Chief Financial Officer with Royal Senior Care in November of 2005. The office environment was visibly rundown with outdated grey cubicles on the second floor of a supermarket strip mall. The company had just acquired its 6th and 7th properties. Each were considerably sized communities of 140 and 202 units,
When Chief Financial Officer, Ben Harrison arrived at the company, their credit facility was maxed out. They had substantial amounts of uncollected receivables, angry vendors, and were heading towards violating their banking covenants. They had spent the last 13 months with a remote resource on an interim basis that did not provide mentorship, guidance, or
Tom’s Foods, Inc., founded in 1925, was a Southeastern based salted snack food manufacturer with revenues of $250 million. The Company grew its distribution system by means of independent franchisees, a model that worked well for several decades. Beginning in the 1960’s, however, Frito-Lay began consolidating regional snack food companies and most importantly, amassing a