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Butler and Associates is a true turnaround company that only accepts the most difficult engagements. B&A assumes an interim-management position with the client company, and in most cases, takes management control. Since the company started in 1982, it has an unblemished track record for turnarounds. Accordingly, B&A engagements have provided stockholders and investors with options; 1) retain management control when the company is profitable, or 2) sell the company to satisfy their personal objectives. For those desiring to sell, it has not been uncommon for B&A to facilitate the entire transaction. A typical B&A client is either a service or manufacturing company. Accordingly, B&A has extensive experience in metal stamping, metal finishing, fabrication, injection molding, rubber extruding, and assembly. Most B&A clients are considered mid-sized companies, ranging from $20 to $200 million in annual revenues, and often supply the automotive, heavy truck, defense, or appliance industries. A turnaround normally entails implementing lean processes, rationalizing unprofitable business, right-sizing the organization, and restructuring the debt. Moreover, the company emerges as a healthy company poised for profitable growth. Before any turnaround engagement starts, B&A uses an internally developed financial tool, Capacity Value Analysis, to create a data-driven turnaround plan. Having a logical, predefined course of action, gives stockholders, customers, creditors, and employees a sense of direction on how they can best contribute to the turnaround process. Once the plan has been documented and an interim-management agreement is signed, B&A typically assumes management control until the turnaround is completed.