Chemical Company

Situation

The Company is a contractor providing various lubricants and materials to the United States Department of Defense.

There was an issue with materials supplied and the owner of the business was disbarred from doing business with the GSA, the purchasing arm of the government.

Solution

Amherst Partners was identified as a Trustee for the Company on behalf of the shareholder.

This required approval from the GSA as well as the shareholder.

As part of the process, Amherst managed the Company and hired an independent ombudsman to ensure compliance with the GSA.

Results

Amherst was approved as a Trustee over the Company. The Company maintained its status with the GSA and remained profitable.

The owner received significant distributions and increased net profit margins. Additionally, Amherst identified a significant opportunity for tax savings.