Client: Terrill Manufacturing Co. Turnaround
Skills: Architectural Woodwork
Tags: Turnaround, restructuring
Visit Website: http://terrillmfg.com
The Terrill Manufacturing Company was on the verge of closure. Five straight years of losses. Capital nearly depleted. Gary Rushin successfully turnaround the 70-year old architectural woodwork manufacturing and custom commercial casework company. As a result, The Manufacturing Firm of the Year award was presented to Terrill Manufacturing Company by the U.S. department of Commerce and the Southwest Minority Supplier Development Council in recognition for the company’s significant progress, success in employing innovative and resourceful and business strategies and manufacturing methods which increased the company’s production, revenue, job creation and job retention. Rushin’s professional expertise in corporate bankruptcies and business turnarounds definitely played a significant role in the company’s progressive achievements.
Within about two years of Rushin acquiring a majority shareholding and ownership and becoming a part of the new TMC’s leadership team, the company resolved its past contractual financial obligations and posted in 2014, its first turnaround profit in five years. Under Rushin’s leadership, Terrill Manufacturing Company will continue to maintain the tradition of excellence in production of modern architectural casework and millwork products and services to meet and exceed our diverse clients’ needs and expectations. The company will by so doing, deliver incrementally competitive value to all its internal and external stakeholders and nurture future growth opportunities.
Terrill Manufacturing Co. is a 69 year old, minority owned, Architectural woodwork and Casework Company. The company’s expertise lies in manufacturing and selling custom millwork, counters and countertops, displays cabinets, furniture and decorative finishing products. The company’s customized millwork and casework products are sold to k-12 educational and higher educational institutions, healthcare firms, banks, churches, retail stores, government institutions and commercial corporations. With a 130,000 square foot manufacturing facility located in San Angelo, Texas, TMC serves the state of Texas., Oklahoma, Louisiana, and New Mexico.
Terrill Manufacturing is a member of the Architectural Woodwork Institute and the Southwest Minority Supplier Development Council.