DHG | Manufacturing & Distribution

Strategic advisory services for continuous improvement and sustainable growth

As the U.S. economy moves from recovery into expansion, manufacturers must be ready to meet increased demand. The ability to compete successfully in domestic and global markets will require innovative products, ongoing investments in people and training. As today’s business world continues to evolve at a rapid pace, the DHG Manufacturing & Distribution professionals seek to remain ahead of current and oncoming trends so that we may best help our clients find the right solutions. Armed with experience serving manufacturers and distributors of all sizes, we understand the issues inherent to your industry, including:

Lean operations that deliver higher quality with shorter lead times and less waste
Large R&D spending
Dependence on consumer spending
Heightened government regulation
Technological advancements
Necessity to outsource resources
Improving energy use
Supply chain management
Eco-friendly manufacturing practices
Globalization of manufacturing

Adding value where it counts.

DHG accountants and advisors look deep into your operations, developing a better understanding of where you are for more informed guidance. We validate internal controls, cost management and financial reporting, while evaluating the return on your investments in process engineering and production.

DHG’s Manufacturing & Distribution professionals seek to identify areas upon which you can improve your efficiencies and operating effectiveness. Our resourceful industry and service line professionals collaborate with each other and work side by side with you to hone in on your organization, current operations, industry trends as well as your specific business needs. We work with many sectors and niches within the manufacturing and distribution realm and offer an extensive suite of Assurance, Tax and Advisory services which we tailor to accommodate your industry- and business-specific requirements.

Services

When you work with DHG, one partner manages your relationship. This partner works closely with you, your senior management and board, giving you the continuity, accountability and responsiveness your company needs, while deploying the right resources in a timely manner.

Assurance

Your relationship with your creditors rests on the quality of your financial reporting. We can attest to the accuracy and completeness of your data, to protect your brand and give your strategic planning a solid foundation. Our assurance services include:

Agreed-upon procedures
Audit, Reviews & Compilations
Employee Benefit Plan Audits
IFRS Reporting
Internal Audit (COSO 2013, SOX and internal controls documentation and compliance)
Inventory costing analysis and control studies

We take a best practices approach to audits, validating internal processes and controls to help create a path for the client to move forward with confidence. Our focus on your operations helps your company maintain its focus on customer relationships and new product and market development.

Tax

Tax planning can be complex for companies with tax liabilities at the local, state, federal and global levels. We work with you to mitigate tax liability, maintain compliance and maximize cash flow. Our tax and accounting services include:

Tax Return Preparation (federal, state, local and international)
Multi-state Planning and Nexus Studies
Multinational Inbound and Outbound Tax Planning
Sales and Use Tax Consulting and Compliance
Tax Provision Preparation and Consulting
Accounting Method Reviews
Cost Segregation Studies
Research and Development Studies
Tangible Property Repair Regulation Studies
Transfer Pricing
Incentives and Credits Planning
Coordination of Foreign Country Compliance and Reporting

DHG's experience with tax and accounting for a range of manufacturers helps you plan while taking full advantage of emerging opportunities. Our transfer pricing resources are particularly useful for companies who do business around the world, working with customers and suppliers outside of the U.S.

Advisory

We have the strategic and operational insights your company needs to grow and compete in new markets. DHG professionals understand the challenges of your business and industry, so we can help you invest in growth while linking continuous improvement in operations to your P&L.

The rise of Lean manufacturing has driven substantial process improvement in manufacturing, but the challenge of quantifying improvement in key performance indicators requires experience and insight. We know how to read and interpret data, to help you improve quality and safety, control costs for more competitive pricing and reduce lead times.

Benchmarking, forecasts and trend analysis
Business valuations
Buy- and sell-side due diligence
Enterprise Risk Management
Forensic accounting & litigation consulting
Inventory accounting
IT security & software consulting
Mergers & Acquisitions
Risk Assessments
Transaction Advisory Services

DHG has the advisory services to guide strategic acquisitions, mergers or divestiture. We can help you plan new product introductions, new market entry and investments in new plants and information technology.

We also draw on our experience with high net worth individuals to make sure your company’s ownership and management have the appropriate tax and estate planning resources. We have the resources you need to protect your wealth and provide continuity for the next generation of company ownership and management.

Experience

DHG has been devoted to providing professional services to clients across the Manufacturing & Distribution space since the firm’s inception. With a client footprint that spans more than 35 states, our Manufacturing & Distribution team serves as one of DHG’s largest core industry groups.

DHG works with a wide variety of manufacturers including:

Aerospace
Apparel
Automotive
Defense
Food & beverage
Furniture
High tech
Metals
Packaging
Plastics

Our experience ranges from low-volume/high-mix custom and job shop operations, through batch process and assembly plants to high-volume/low-mix operations. We work closely with these clients to drive steady operational improvement and a better return on strategic planning.

DHG professionals also maintain a robust presence in industry and trade associations at the national, state and local level. This ongoing involvement gives us a best-practices mindset plus a long-term view of industry trends and pending legislative and regulatory activity.

Knowledge Share

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GrowthCast Episode 34: Virtual Inventory Observations

Partner, Gareth Montague-Smith discusses the challenges that COVID-19 has had on physical inventory observations and provides examples of virtual inventory audit methods and the associated complexities.

As Consumer Preferences Evolve, So Does M&A

Now more than ever, people are finding new ways to live, work, play and shop. Everyone is a consumer. Yet the branded goods they consume and the companies they support are changing at a rapid pace, and so are the M&A deals and trends that follow. Many new realities have altered consumer behavior and preferences—including demographic diversity, technological developments, and a greater focus on environmental and social responsibility, just to name a few.

Updated OFAC Guidance for Financial Institutions Financing the Maritime Industry

Publication | Jun 22, 2020
More About | Financial Services | Manufacturing & Distribution | Risk Advisory

The U.S. Department of State, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC), and the U.S. Coast Guard issued a joint advisory to address current and emerging trends related to illicit shipping and sanctions evasion practices affecting the maritime industry and the energy and metals sectors.

Upcoming Events

Private Equity Perspectives: Tech, Manufacturing & Distribution

Middle market companies across numerous industries are facing complicated and unprecedented times. Join DHG for a discussion about 2020 from the private equity, technology and MDR (manufacturing, distribution and retail) perspective. Areas to be covered include a high-level overview of M&A activity as well as deal flow, conditions and terms.

How Finance Organizations Evolve Towards Growth Enablement

Join DHG for a panel discussion on how finance organizations evolve in three primary dimensions: from blocking and tackling to business partner and growth engine. Moderated by the co-leader of our technology practice, John Stewart, our discussion will feature Mark Miller, a principal with DHG focused on turnaround and performance improvement, as well as Micah Dawson with private equity firm, Trivest, and will include real-world examples from the technology, manufacturing and distribution industries.

Webinar Recordings

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SALT Considerations for Manufacturers

Webinar Recording | Virtual - Webinar
More About | Manufacturing & Distribution | State & Local Tax | SALT Nexus

State and local taxes are complex for all industries, including manufacturing. The varied and nuanced nexus and apportionment rules for income and franchise taxes along with the complexities surrounding sales and use tax obligations require a tremendous level of knowledge and resources to effectively manage. Join DHG's MDR team as we explore state tax issues that impact manufacturers, discuss potential risks and opportunities, along with strategies to minimize those risks and capitalize on those opportunities.

Monetizing Current Operating Losses

Join DHG for our first webinar in a three-part Emerging Strong series. In this session, Monetizing Current Operating Losses, our panelists will discuss the tax opportunities and considerations at the federal and state levels that innovation, technology and manufacturing & distribution companies should be aware of as they continue to navigate the current pandemic environment and prepare for a strong emergence.

Internal Control Considerations in the COVID-19 New Normal

Companies should consider changes to their internal control structures as a result of the COVID-19 pandemic. Those public companies reporting on Internal Controls over Financial Reporting (ICFR) in their quarterly and annual financial statements should consider the impact of COVID-19 on their ICFR/Sarbanes-Oxley (SOX) functions.

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