Generally, buyout and mezzanine funds invest in companies with established management teams and are not actively involved in the day to day operations of their portfolio companies. However, situations arise where management is unable to effectively cope with unforeseen situations or changes that are beyond their ability to manage or control.

This could include events such as the sudden departure of the CEO, their inability to effectively manage growth or when the economy is contracting, an ineffective business model, changes in technology, inadequate operating and financial controls, increased leverage, new product or project failures, eroding competitive cost structure, deteriorating financial performance, loss of market share, etc.  This could also include situations where the business is being positioned for sale or where the Board of Directors has lost confidence in management but does not have an immediately available replacement.

The principals of GrandWest have served as the interim CEO of several middle market companies in the consumer product, food, retailing, merchandising, distribution, advertising and manufacturing sectors. Most of these engagements involved turnaround's designed to improve operating and financial performance prior to recruiting a permanent CEO or positioning the company for sale.