Weather the Downturn

Invited by an investment banker to assist with selling an oil field service company, the SeatonHill partner joined the client’s team as the interim CFO

OIL & GAS


Challenge
Owners of an oil field services company want to sell their struggling company but face a precipitous decline in oil prices.
Solution
SeatonHill is engaged to provide interim CFO services. The SeatonHill Partner immediately recognizes how the client can improve its operations to weather the industry recession and goes to work with the leadership team to turn the business around. Meanwhile, they defer the sale of the firm until the new business processes are implemented.
Results
Within a year, the processes and systems implemented by SeatonHill drive sales and earnings growth. After the successful turnaround, the SeatonHill Partner remains with the client as its permanent CFO.

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