SITUATION:
L.B. Foster Company (NASDAQ: FSTR), a diversified $550 million steel distributor, recognized a $55 million loss and was on the brink of bankruptcy.

ACTION:
GGG's Chairman, Jerry Goldress, was engaged to restructure the steel producer. Jerry identified and eliminated manufacturing inefficiencies, stabilized L.B. Foster's operations and renegotiated its debt. While implementing effective cost-cutting procedures, Jerry emphasized the Company's production of higher margin lines.

RESULT:
Jerry transformed L.B. Foster Company into a debt-free, profitable organization in two years. Kohlberg Kravis Roberts & Co., the equity investor in this deal, was able to recoup its $90 million investment.