Technology, Media & Telecommunications
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MERU CASE STUDY
Identified $5-6M of EBITDA for a technology services provider
COMPANY OVERVIEW
- $150M technology services provider to small and medium enterprises. The Company’s offerings include Managed IT services, building technology solutions, and deployed field services for large technology companies
- The Company was formed after a 3-way acquisition of three different businesses with limited overlap in customer base and product offerings
- Post-merger, the Company had been facing significant margin pressures resulting in non-compliance with its financial covenants and debt obligations
- MERU was engaged to help develop a turnaround plan
OUR APPROACH
- Comprehensive MERU 360° approach was followed in a 4-week diagnostic
- Conducted a detailed analysis of the Company’s cost base and identified operational improvement levers, including procurement, sub-contractor costs, and managing project cost overruns
- Analyzed the customer service call center productivity and efficiency metrics and recommended appropriate staffing levels
- Further analyzed the SG&A spend by benchmarking Finance, HR, and Facilities costs to other comparable companies
OUR IMPACT
![case-study-icon2 case-study-icon2](https://wearemeru.com/wp-content/uploads/2022/08/case-study-icon2.png)
MERU identified $5-6M of EBITDA (current EBITDA of ~$15M) improvement opportunities across all levers.
![case-study-icon1 case-study-icon1](https://wearemeru.com/wp-content/uploads/2022/08/case-study-icon1.png)
Developed a detailed implementation plan to help capture the identified value creation opportunities.
![case-study-icon3 case-study-icon3](https://wearemeru.com/wp-content/uploads/2022/08/case-study-icon3.png)
Co-authored the operational improvement plan along with the management team to get lender approval for the covenant relief.