Meridian Industrial is a precision manufacturer running multiple product lines, a layered supply chain, and a customer base spread across several industries. On paper, the business looks healthy. Revenue is steady. Orders are coming in.
Underneath, the picture is harder to read. Cash is tied up in receivables. Payables are stretched to the limit. Inventory carrying costs sit buried in the balance sheet. And gross margin has been quietly eroding, quarter over quarter, with no clear view into why.
It's the kind of business that runs on instinct and month-end reports, where the real story behind the numbers only surfaces when someone finally has the time and the tools to go looking. That's the business you're about to step into.