EMAGroup/Enterprise Management Advisors, LLC | Assisting Companies in Transition
EMAGroup advises companies in transition, focusing on Special Situations, Capital Solutions, Enterprise Performance and Insolvency options to create value-driven solutions.
Independent oil refining and commodity trading company, refining 200,000 barrels per day of crude oil to gasoline and other products.
Revenue
$1.5 billion
Industry
Oil & Gas
Services Provided
Enterprise Performance Improvement
Situation
East Coast refinery of major oil company had been underperforming for many years and was acquired by an independent producer. Managed the post-acquisition integration, and 25% cost reduction over refinery operations, plus the build-out of back-office support for East Coast-based commodity trading operation.
Accomplishments
Enterprise performance improvement project involving process redesign of all major workflows and maintenance operations throughout refinery, resulting in a 25% reduction in labor force while also increasing uptime and throughput of refinery. Nearly doubled throughput with a combination of targeted capital expenditures and changes to process workflows.
Managed the transition of financial systems to support accounting and trading operations, including the hiring of key accounting and back office personnel.