A premier turnaround practice.
For years, The Centrus Group has been recognized as one of the premier turnaround practices in northern Ohio. Our background and expertise includes helping companies develop and implement a variety of creative yet strategic actions that will result in a sustainable, profitable and growing company. To accomplish that, we have provided expert management and strategic services in the areas of:

- Turnarounds
- Crisis intervention
- Wind-down management
- Financial/debt restructuring
- Executive recruiting
- Divestitures

Our goal is to improve the operational performance and maximize the value of our client companies. When necessary, we have carried transactions to completion, while preserving the operating integrity of troubled companies, or maximizing the value of company assets for a successful wind-down.

Based in Akron, Ohio, Centrus provides services throughout the United States and Canada, with the majority of our engagements in the Midwest, Southeastern and Southwestern United States. Our clients typically have annual revenue from $10 million to $250 million.

Thinking "out of the box."
In addition to the knowledge and experience our staff brings to any situation, Centrus’ professionals take special pride in creative problem-solving, in offering a fresh, new perspective, a highly energized and creative attitude that fosters the "out-of-the-box" thinking that’s often necessary to overcome complex crisis issues.

We purposely avoid self-serving or preconceived notions about what a situation may require. That way, we’re able to release the greatest possible creativity and capitalize on the insight that an intelligent, objective, unbiased point of view offers.

What is a troubled company?
Too often, the ownership or management of a company does not fully understand the depth of its trouble until the company is facing financial crisis. Until then, management often denies the difficulties are anything more than a "bump in the road." But, then, the problems will not go away. The crisis deepens.

And, typically, the management of troubled companies face circumstances with which they are totally unfamiliar. They don’t have experience with crisis and therefore don’t know how to respond effectively to crisis situations.

Centrus knows the difference between a "bump in the road" and a company in crisis. Our goal is to guide the company through the crisis phase into recovery.

"There is profit in confusion, so long as you are not the one who is confused!" –Bob Cohen

The road to recovery
When we go to work for a company, our first action is to define the most key issues hurting the company and address them in a priority that deals first with the problems having the greatest negative impact. And we begin immediately to negotiate the very best financial arrangements possible with the creditors.

"When travelling 100 mph in reverse, your first forward motion is deadstop!" –Bob Cohen

The first step towards recovery is to establish stability. To accomplish that, we focus on the following:

• Cash Flow – analyze and establish working funds from which to operate
• Revenue Issues – address the issue of continued operating resources through sales
• Reporting Systems – review and implement the best possible information management systems
• Technology – evaluate the comparative technological competitiveness of the company
• Business Plan – develop a written business plan that reflects the objectives, strategies, tactics and timetable for returning the company to profitability

"If you don’t have a plan, no road will take you there." –Bob Cohen