Cyprexx Services is a field services outsourcing company that provides property preservation, rehabilitation, repair and inspection services for foreclosed residential properties on behalf of mortgage servicers.
Cyprexx provides these services through a nationwide network of local vendors.
INTRODUCTION TO CLIENTS & PARTNERS
Stone Point provided Cyprexx with executive-level introductions to potential customers, including Fannie Mae, Freddie Mac, and leading banks. Stone Point played a key role in helping Cyprexx to secure a contract that increased the company’s revenues by 40%.
EXECUTIVE RECRUITING & ALIGNMENT
Stone Point helped to recruit Cyprexx’s CEO, who was formerly the CFO of Cunningham Lindsey. Additionally, Stone Point partnered with management to establish an incentive compensation program for key employees.
OPERATIONAL ASSISTANCE & GOVERNANCE
Stone Point helped to establish an insurance solution to provide workers’ comp insurance for Cyprexx’s uninsured sub-contractors. Additionally, Stone Point assisted in redefining Cyprexx’s organizational and compensation structures, managing working capital and establishing a systematic marketing program and tracking system.