Turnaround Services
Adventure Solutions Group’s “Turnaround Services” is without question an aggressive approach for dealing with an underperforming entity. Mr. Emison is typically hired to perform this service when the corporation has had multiple quarters or years of losses, is nearing insolvency or has recently exited some form of financial restructuring. Based on the severity the corporation is facing, this service typically consists of a longer time frame (ranging between 12 and 18 months). In this situation, while working with the ownership group, Mr. Emison takes control of the day-to-day activities and starts the process of turning around the entity.
Mr. Emison’s objective is to help the organization’s shareholders turn the entity around, help ensure it has the right management team, and prepare that management team to resume the day-to-day activities. When there’s evidence, these core objectives are fulfilled; a transitional plan is created to allow for Mr. Emison’s exit the organization.
To date, Mr. Emison has successfully turned around nine (9) separate entities in seven (7) different markets located throughout North America.
The subject organizations included the following:
- Gray Line of Toronto
- Gray Line of Ottawa
- Olde Town Tours – Toronto
- Gray Line of Las Vegas
- Gray Line of Seattle
- Gray Line of Victoria
- San Francisco Sightseeing Company formally Gray Line of San Francisco
- Pink Jeep Tours
- Brewster Sightseeing
The overall results achieved during his nearly 20-year career include:
- An average annual double-digit revenue growth rate.
- Improved profitability, having produced a double-digit increase in clients EBITDA performance.
- Substantial improvements in the customer experience leading to increased net-promotor-scores, achieving an average of more than 85%.
- Implementing new organizational structures allowing for improved operational performances.
