Performance Partners LLC Information

Performance Partners LLC was founded in 2000 by Buck Burwell, John Corcoran and Bill Powers after they worked together on a successful turn around and strategic sale of Cherokee Sanford Brick Company. At the time, Cherokee was the nation's largest privately held brick manufacturer and the fourth largest producer in the country. Cherokee was highly leveraged, private equity controlled and under performing. Following performance and balance sheet improvements, the owners and management decided to accept a fully valued offer to purchase by a foreign strategic buyer. This offer resulted in equity value creation for the owners in excess of $40 mm during this three year time frame. Following the successful turnaround and sale of Cherokee Sanford, Burwell, Powers and Corcoran decided to form Performance Partners LLC and seek other opportunities to help owners, investors, employees and lenders of privately held mid size companies get better at what they do. Since forming Performance Partners LLC in 2000, the team has worked jointly and separately on a number of assignments in different industries including building products, auto aftermarket, packaging, banking, metal finishing, construction services and environmental remediation. Performance Partners' efforts with these companies have always been centered around applying common sense solutions while improving business fundamentals: Company strategy development and implementation Management and team development Optimizing functional areas of the business Rationalization of customers, products and processes Information development and training Cash flow and working capital management Expense controls and budget development Lender and equity sponsor relations Performance Partners LLC has the ability to accept temporary due diligence assignments, conduct management assessments, assume temporary management responsibility, and/or recruit full time management teams.