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Successfully collected over $95MM from the insurance claim for damages and business interruption after the fire in April 2017 where generating assets were lost. Replacement asset in place and in commercial operation less than a year after the incident.
Interim funding for construction received in 2017 ($5MM) and 2018 ($15MM) to complete construction. Repaid $21MM before end of 2018.
Optimized warehouse operations, consolidated multiple locations in one single space, cost savings from single warehouse of $36K annually.
Provided replacement guarantees to lender after the incident, such guarantees to be replaced with the new barge in 2019.
Improved internal controls for IT processes and implemented KPIs for purchasing.
