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Abraxas Group - Firm Overview


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Abraxas Group is a boutique advisory firm focused on providing interim leadership to middle market companies in transition.

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Abraxas Group - Firm Overview

  1. 1. Firm Overview
  2. 2. 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
  3. 3. 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. Abraxas Group LLC 3 Abraxas Group tailors each engagement to maximize both short and long-term value creation
  4. 4. 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
  5. 5. • "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 Abraxas Group LLC 5 • “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
  6. 6. David Johnson Email: 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. Abraxas Group LLC 6