Operational and investment management experts with experience and repeated success in focused industries
The COVID-19 Pandemic Unprecedented Disruption Resilient Leadership
Early Response. GenNx360 offices closed on March 9, 2020. We communicated with our portfolio companies prior to the shutdown regarding the pandemic and by March 13, 2020 mobilzed our response team with one central point of coordination for all portfolio companies.
Employee Safety First. We quickly adopted a set of coronavirus-related workplace safety protocols throughout the GenNx360 portfolio.
Essential Services. All GenNx Fund II and III companies were deemed essential services/businesses through the pandemic. Our response team shared best practices with each company.
Increased Cadence. Instituted daily communications with portfolio company management and established weekly reviews on cash, operations, and workforce protection.
Cash is King. Immediate focus was placed on cash and liquidity and initiated early dialogue with portfolio company lenders, where applicable.
Cost Structure. Quickly established risk tiers for potential revenue and EBITDA decline. Identified areas for variable and fixed costs and SG&A reductions based on risk to achieve EBITDA and cash forecast.
Increased Focus on Productivity as a mitigant for loss of revenues.
Federal Stimulus Initiatives. Aggressively engaged with all our portfolio companies in helping them navigate their options and reviewed Paycheck Protection Program (PPP) for necessity test.