Firm Overview

Maximizing Value Through Transformational Leadership
Overview
Abraxas Group LLC 2
With a focus on creating value
through transformational
leadership roles in middle
market companies, Abraxas
Group brings the discipline,
experience, and mindset
necessary to tackle the most
challenging issues.
Abraxas Group is focused on driving change by:
1) Resetting the Baseline
2) Addressing Key Strategic Challenges
3) Building the Team
The Abraxas Group approach is industry agnostic and focused on creating maximum
value and placing companies on a long-term value creation path

Value Creation Approach
Reset the
Baseline
Companies in transition often suffer from a recent history of
underperformance. A true change agent is necessary to
drive radical change, unlock a company’s potential, and break
out of the trap of underperformance.
Address Key
Challenges
Abraxas Group’s focus is in setting the stage for value creation,
not just in the short-term, but for the long-term as well. This
approach requires that key strategic challenges be addressed
promptly, in order to clear the path for future value creation.
Build the
Team
At Abraxas Group, the “interim” aspect of interim leadership is as
important as the “leadership” aspect. Our focus is on building up
the core competencies of management teams and recruiting
selectively to fill in holes.
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Abraxas Group tailors each engagement to maximize both short and long-term
value creation

Construction Co.
Served as Interim CFO
• Enterprise value increased > 70%
during engagement
• Successfully led $110MM
refinancing
• Drove 15% increase in revenue
and 34% reduction in DSO during
a liquidity crisis
Behavioral Healthcare Co. Industrial Services Co.
Served as Interim COO
• Turnaround generated a 6x YoY
increase in EBITDA
• Negotiated a $10MM refinancing
package
• Secured deferred payment terms
on $4 million of critical vendor
A/P
Served as Interim CFO
• Enterprise value increase of 75%
during engagement
• Successfully implemented $6MM
in cost savings
• Advised company through out-
of-court restructuring that
eliminated over $60MM in debt
Representative Engagements
Abraxas Group LLC 4
(Private Equity Owned) (Nonprofit Organization) (Private Equity Owned)
A Proven Change Agent Across Industries

• "The Changing Shape of Distressed
Financing: Trends Driving the Evolution of
a Market"
• “How to Cut the Fat Without Cutting
Staff”
• “Interim Management: The Missing Piece
to an Effective Growth Strategy”
• “Restructuring Trade Payables in an Out-
of-Court Process”
Thought Leadership
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• “Adjusting to a Changing Ecosystem:
Middle Market Deal Professionals and the
Changing Market” (Keynote).
• “5 Keys to a Successful Turnaround of a
Family-Owned Company”
• “Radical Value Creation: Case Study of a
Successful Middle Market Turnaround”.
• “Transactions in Turnaround and
Restructuring Situations”
Representative Speaking Engagements Representative Publications

David Johnson
Email: david@abraxasgp.com
Ph: 312-505-7238
David Johnson, founder and managing partner of Abraxas Group, has a 20-
year track record of driving organizational change. David has served as an
interim executive or financial advisor to dozens of middle market
companies in turnaround and restructuring situations.
Throughout his career, David has demonstrated a commitment to thought
leadership, with numerous speaking engagements and articles on the topics
of change management, performance improvement, restructuring,
turnaround, and value creation to his credit. David received his MBA from
the University of Chicago and completed his undergraduate studies at
Fairleigh Dickinson University.
Speaking Engagements
David has been a guest speaker at
numerous conferences, panels, and
universities.
Publications
David’s publications have appeared in
a number of trade journals, including
ABF Journal, The Journal of Corporate
Renewal, The Journal of Private
Equity, RMA Journal, and others.
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