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Reconstruction Partners Power Point

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  • 1. Strong, experienced people are the underpinnings of a company.
    We founded Reconstruction Partners basedon the Skills and Credentials of its principals:Steve Lynn, Wallace Hite, Lee Cohn & Allen Barnes.
    The principals have 100+ years combined C-level experience within companies ranging in value from $25,000,000 to $2,000,000,000. The companies are within multiple industries both public and private. Our FocusEmerging Brands and Troubled Companies • FranchisorsPrivate Equity Companies • Senior Lenders
    Given the rather uncertain times, we see a need for our skills and experience. This time is an opportunity for those who are ready and able. Let us help your company prosper.
    Welcome ∎ What We Do ∎ Our Methods ∎ Who We Are ∎ Contact Us
  • 2. What We Do :
    For the Financial Buyer: The Dilemma
    • We see a tremendous divide between Boards of Directors/Private Equity Companies/Owners and the C-Level Management.
    • 3. A wrong CEO or poorly focused strategy can take a good Brand down the wrong path and endanger a good investment.
    • 4. The language/understanding Divide between Boards/Private Equity Owners and Management is Great and often times have divergent objectives.
    Welcome ∎ What We Do ∎ Our Methods ∎ Who We Are ∎ Contact Us
  • 5. What We Do:
    We provide a level of functional due diligence that financial buyers cannot provide.We are the liaison between the Board/Owner and the CEO. On an ongoing basis ,We are a floor and an insurance policy for their investment.We are Counselors , Advisers and Mentors to the CEO as He/She moves the Brand forward. We enable the best performance of the Brand.
    Welcome ∎ What We Do ∎ Our Methods ∎ Who We Are ∎ Contact Us
  • 6. What We Do :
    For Franchisors, Senior Lenders & Troubled Companies
    We believe that strategy drives actions and actions produce results measured by financial performance.
    The financial component either limits or empowers a company to execute its plan. If there is a liquidity problem, we can source Equity, Sub-Debt, Debt or assist in utilizing assets for liquidity.
    Interim-Turnaround Management
    When a fresh perspective is needed or the Brand is in trouble, experienced seasoned eyes can stabilize and redirect the Brand in short order.
    Mergers & Acquisitions
    We can prepare a valuation of the company and marshal it through from sourcing the buyer to closing.
    Welcome ∎ What We Do ∎ Our Methods ∎ Who We Are ∎ Contact Us
  • 7. Our Methods
    • If the financial performance is “underperformance” then there is a strategy /branding/concept problem.
    • 8. Often there are assets that can be re-franchised which we see as part of restructuring.
    • 9. The organization must be comprised of the right people with the right skill set in the right place. We can address organizational issues by supplying interim management and/or guiding the recruiting process as well as developing a strong functioning organizational structure.
    • 10. We can prepare a valuation of the company and marshal it through from sourcing the buyer to closing.
    • 11. There is a time when founders need to turn over the reins of their company so it can not only survive but also reach its potential .
    • 12. Often an compatible acquisition can bolster the declining value of a company and the two are stronger than one company.
    Welcome ∎ What We Do ∎ Our Methods ∎ Who We Are ∎ Contact Us
  • 13. Welcome ∎ What We Do ∎ Our Methods ∎ Who We Are ∎ Contact Us
  • 14. Who We Are:
    Steve Lynn:
    Reconstruction Partners, LLC – Chairman
    Back Yard Burgers, Inc. - Chief Executive Officer
    Lynn led a group of investors in acquiring Back Yard Burgers at the end of 2007. BYBI operates and franchises approximately 180 restaurants throughout the south and Midwest. Since completing the acquisition the corporate headquarters has been relocated to Nashville.
    Cummings Incorporated – Chairman and Majority Stockholder
    At over 60 years old, the company is the oldest national sign company in the USA, with customers including Chevron, Chrysler, KFC, Holiday Inn, Taco Bell, Church’s, Wells Fargo Bank, Bank of America, Pizza Hut, Fleet Bank, CVS, Long John Silver’s, and A&W and with Sales in the $65,000,000 range.
    Shoney’s, Inc - Chairman and CEO
    In April 1995, Lynn was named of Chairman and CEO. Shoney’s was the owner and franchisor of more than 1,500 Shoney’s, Captain D’s, Pargo’s and Fifth Quarter Steakhouses.
    Sonic Corporation - Chairman and CEO
    Lynn spent 12 years as Chairman and CEO. He built the top-notch management team, which transformed a struggling company into the nation’s largest chain of drive-in restaurants and the ‘number two’ hamburger chair in the Southwest, with over $3 billion in system-wide sales. Lynn acquired the company in a leveraged buyout in 1986 and Sonic experienced unprecedented same store sales growth with an average increase of eight percent per year over his tenure. A key factor in the establishment of Sonic’s success was an “ownership” culture where unit managers own part of their restaurants. The leadership team that Lynn put together built Sonic from a Market Cap of $5 Million to over 2.3 Billion.
    International Franchise Association – Past Chairman and inducted into the IFA Hall of Fame
    Welcome ∎ What We Do ∎ Our Methods ∎ Who We Are ∎ Contact Us
  • 15. Who We Are:
    Wallace Hite:
    Reconstruction Partners, LLC –Co-Founder & CEO
    Hite formed Reconstruction Partners with Steve Lynn and Allen Barnes to offer Strategy, Restructuring, Re-Franchising and Interim Management Services to Chain Restaurant companies.
    Back Yard Burgers, Inc. – Chief Operating officer & Chief Reconstruction Officer
    Mr. Hite acted in an advisory role during the acquisition of Back Yard Burgers and provided strategic guidance on an interim basis as the Chief Reconstruction Officer & Chief Operating Officer of Back Yard Burgers responsible for refranchising, International development & operations, mergers and acquisitions, operations, purchasing, marketing and restaurant benchmarking
    Strategic Advisory Partners, LLC -Founder & CEO
    Strategic Advisory Partners acquired Weichmann-Hite Partners in June of 2005. The firm’s primary focuses is working with emerging brands in three related areas, Strategic Planning, Financial Advisory, and Mergers & Acquisitions. Since its inception, SAP has completed 20 transactions and opened three regional offices.
    Weichmann-Hite Partners - Co-Founder & Managing Partner
    Weichmann-Hite Partners is a boutique M&A firm specializing in emerging brands within the restaurant & retail sectors. Our practice extends into financial advisory and strategic planning which comprises a fair percentage of our business. Weichmann Hite completed over 57 transactions in three years.
    IMAG – President & Managing Partner
    IMAG is a professional consulting firm with five offices across the United States specializing in franchise development both domestically and internationally.
    Al Homaizi International Management – Group Director of Development
    Al Homaizi is a management company with multiple franchise brand restaurants and retail operations throughout the Middle East. The brands included Brands include Applebee’s, Popeye’s, Wolfgang Puck Café’s, Il Fornaio Bakeries, Marche Restaurants, Al Rifai and Arby’s.
    Sonic Corp. Executive Vice President
    Sonic Industries was the franchisor of Sonic Drive-In Restaurants. A partner in the LBO, a going private transaction and in the IPO.
    Welcome ∎ What We Do ∎ Our Methods ∎ Who We Are ∎ Contact Us
  • 16. Who We Are:
    Lee Cohn:
    Reconstruction Partners - Principal
    Mr. Cohn is recognized as one of the leading experts in restaurant concept development, management and operations. With over 35 years experience in the industry in a number of executive roles with leading concepts, he is a critical component to our efforts in the restaurant sector. He currently serves as a leading restaurant consultant and advisor, with recent projects including the sale of Mastro’s Steak House Group, creating foodservice facilities for a leading casino in Louisiana and creating a restaurant concept in Hong Kong. Mr. Cohn’s credits include co-development of Ed Debevics with Rich Melman of Lettuce Entertain You and consultation assignments in the US and Asia. He was awarded the first Entrepreneur of the Year Award from Arizona State University in 1984. Mr. Cohn began his career by co-founding Big 4 Restaurants, Inc. Where he created Lunt Avenue Marble Club, Steamers, Oscar Taylor Butcher, Baker & Bar, and Harvey’s Neighborhood Bar & Grill.
    Mr. Cohn currently serves on the Board of Directors of Morton’s Restaurant Group, Marie Callendar’s, McCormick & Schmick’s, Quaker Steak and Lube, Mastro’s Steak House Group and Real Food Daily. Mr. Cohn has served on several community boards, including Valley Big Brothers and Sisters, The Phoenix Thunderbirds, Boys Hope-Girls Hope, The Phoenix Ballet, The Fiesta Bowl and Young President’s Organization.
    Welcome ∎ What We Do ∎ Our Methods ∎ Who We Are ∎ Contact Us
  • 17. Who We Are:
    Allen Barnes:
    Reconstruction Partners - Principal
    The Vista Group – President
    Barnes formed The Vista Group in 2001 to provide management consulting and M&A services for middle market companies. The Vista Group has been successful in achieving client objectives in numerous sell-side/buy-side M&A assignments, distressed company management and asset disposition situations, and specific consulting initiatives.
    Resource Label Group, LLC – President and CEO
    Barnes was selected by private equity group in 2005 to improve performance of this multi-site manufacturing company. He held full P&L responsibility and was a member of the Board of Directors. Accomplishments include: defined and implemented strategic plan to stop sales slide and improve shareholder value; accelerated sales growth; improved efficiencies in all areas of the organization; created effective business management systems; and changed equipment configuration to reflect current needs of the end-user market.
    Packaging Acquisition Corporation – President and CEO
    In 1997, Barnes was retained by investment group to manage this multi-site manufacturing enterprise. Barnes held full P&L responsibility for four manufacturing facilities and over 400 employees in finance, operations, sales/marketing and customer service. Barnes managed the integration of four acquisitions and the divestiture of a division. Barnes and his team designed and executed a strategic sales and marketing plan targeting customer segments that offered higher margins due to their heavy service component and quality needs.
    Polyflex Film and Converting, Inc. – President and CEO
    Welcome ∎ What We Do ∎ Our Methods ∎ Who We Are ∎ Contact Us
  • 18. Contact Information
    Reconstruction Partners, LLC
    18 Annandale
    Nashville, TN 37215
    Telephone: 615-377-1120
    Welcome ∎ What We Do ∎ Our Methods ∎ Who We Are ∎ Contact Us