Case Study: Global Energy Company cuts costs and secures financing with AlixPartners

Global Energy Company - Customer Case Study

Global Energy Company, a newly merged global energy business, was struggling to capture promised synergies after the deal, especially amid a sharp economic downturn, high costs, and culture clashes across its regions and business lines. The company soon filed for Chapter 11 and brought in AlixPartners as debtor’s adviser to help stabilize the situation.

AlixPartners deployed restructuring leadership, ran its QuickStrike® diagnostic, and implemented initiatives to cut costs, improve working capital, and strengthen cash control. The work included plant and refinery cost reductions, engineering consolidation, supplier renegotiations, and cheaper logistics and storage approaches, along with a new cash-flow forecasting system and cultural changes around cost discipline. As a result, Global Energy Company secured billions in debtor-in-possession financing and reduced annual operating and overhead cash fixed costs by more than $1 billion.