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Turnaround Mgt Assoc (TMA)
recognizes GGG for large turnaround of year award for third year in a row.
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Magnetic Data Technologies, LLC

SITUATION:
Magnetic Data Technologies, a manufacturer, repairer and service provider for computer peripherals and telecommunications hardware, had lost $19.5 million in three years.

ACTION:
Brian Stone focused on building the company's higher margin product lines, and successfully landed several new contracts. Brian played a vital role in executing a strategy to build the Company into the largest independent provider of in-warranty services for computer data storage and cellular phones worldwide.

RESULT:
Sales grew from $20 million in 1996 to over $100 million in 2000, and Magnetic Data Technologies was subsequently sold for $45 million.

 
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