We provide a full range of financial advisory services, including interim and fractional CFO, turnaround management, sale preparation, and corporate professionalization.
Serving Privately-Held Companies, Family Offices, and Private Equity Firms throughout New England

Services

Financial Management
  • Manage liquidity 
  • Assess and establish banking relationships; ensure proper level of debt
  • Review and strengthen budgeting process
  • Evaluate accounting systems for accuracy, timeliness, and usefulness
  • Prepare for M&A event
Business Administration
  • Build out management teams across sales, purchasing, and operations
  • Assess IT security risk for malware or ransomware
  • Evaluate HR policies and benefits 
  • Review insurance policies to ensure adequate coverage; evaluate safety procedures and policies
  • Manage wind-down operations
Family Office
  • Review of invested assets
  • Assist with engagement of wealth management and other advisors
  • Coordinate with outside advisors on wealth management, legal and tax issues
Real Estate
  • Purchase and sale of properties, including like-kind 1031 exchanges
  • Manage corporate moves
  • Negotiate leases for commercial properties

About Ruben
Ruben Klein is the founder of R. Klein Consulting LLC where he advises privately-held companies on a variety of financial strategies. With broad financial and operating experience across diverse industries and ownership structures, he is seen as a “Trusted Advisor” to owners and investors. He has worked with companies from  start-up stage to over $250 million in revenues.

Most recently Ruben was the President & CFO of Tri-Wire Engineering Solutions, a provider of technical services to the telecommunications industry, where he led the sale of the company to a strategic buyer and subsequent wind-down of the operation.  Previously, Ruben was the CFO for several industrial companies, where he managed several M&A transactions. 

Ruben’s background also includes advisory to a Family Office and Private Equity, and a successful 25-year career in corporate banking.  He has a B.A. in Economics from University of Connecticut and Master in Accounting from Bentley University.

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Previous Engagements

National Specialty Retailer
  • Advisor to Board of Directors of ESOP-owned Company in evaluating turnaround plan, capital sources, financial strategy, and management capabilities
  • Sourced new $4 million asset-based line of credit
  • Reformatted monthly financial reporting package; created 13-week Cash Budget
  • Assumed responsibility for external communications with all professionals
  • Renegotiating & restructuring existing subordinated notes to former shareholder and existing supplier
 
Specialty Food Manufacturer
  • Advisor to successful family-owned business in the closing of a significant credit facility for a major plant expansion
  • Hired temporary Controller to transition the Company from cash to accrual basis accounting
  • Hired the Company’s first staff accountant (wrote job description and performed interviews)
  • Reformatted monthly financial reports and annual budget in accordance with bank covenants
 
Manufacturer of Industrial Technology Components
  • Advisor to ESOP-owned Company in negotiations with former owner to accept a buyout of the note at a significant discount, thereby “right-sizing” the balance sheet
  • Sourced a new $4 million asset-based line of credit, including an unsecured overadvance
 
Internet Services Provider (ISP)
  • Hired as Acting CFO & advisor to ownership on a variety of financial and strategic initiatives
  • Reformatted monthly financial reports and annual budget
  • Managed negotiations with a key supplier who had provided significant financing to the Company               

National Pipe Distributor
  • Managed M&A transaction, including due diligence, in sale to private equity firm
  • Instituted policies and procedures to strengthen internal controls throughout Company
  • Created monthly financial reporting package and annual budgeting model
  • Negotiated real estate leases for 100,000 +/- square foot distribution centers
  • Directed Human Resources Department: created employee handbook; instituted performance management system; enhanced employee benefit plans
 
Distributor of Industrial Tools & Machines
  • Created strategic plan within 90 days that led to rebalancing of corporate assets
  • Implemented significant working capital improvements; reduced debt by 65% within 16 months
  • Shuttered a manufacturing division that was reporting negative EBITDA; sold equipment to generate cash
  • Managed sale of non-strategic West Coast subsidiary
  • Orchestrated 1031 Like-Kind real estate exchange of corporate headquarters & distribution center, including sale of real estate at 75% premium over appraised value
  • Negotiated sale of Company to next generation
  • Converted Mexico sales office to stand-alone subsidiary

Manufacturer of Industrial Computers & Kiosks
  • Collaborated with Private Equity owner on two add-on acquisitions effectively doubling revenues
  • Spun a division out of parent company as a stand-alone entity focused on producing wi-fi enabled kiosks for NY City under a $150 million contract
  • Managed banking relationships (both senior and mezzanine); successfully negotiated $10 million increase in total debt to fund acquisitions and working capital
  • Significant working capital management; 25% improvement in DSO
  • Managed IT Department in its effort to professionalize a variety of older “home-grown” systems
 
Subcontractor for Telecommunications Company 
  • Rebuilt corporate staff including Finance, HR, and Risk Management
  • Stabilized banking relationship by implementing rolling 13-week cash flow; implemented significant financial, working capital and liquidity improvements
  • Enhanced annual operating budget, focusing on key drivers; developed relevant KPI’s created from existing disparate reports
  • Renegotiated significant insurance program; emphasized safety initiatives to meet cost-saving goals

Contact R. Klein Consulting LLC

Contact Ruben:
(617) 733-4655
ruben@rkleinconsulting.com

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