Signs of Life at Maxxcom

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When Harold Reiter took the helm of Maxxcom in early January last year, he inherited the worst of all scenarios: The Toronto holding company had spent the previous three years undertaking an ambitious acquisition strategy. It piled on debt and earn-out liabilities, even as its own stock price languished. Then the American marketplace—which accounted for 66 percent of Maxxcom’s revenue last year—hit the skids.

Reiter, a numbers-focused outsider who was responsible for the Canadian operations of Tyco Capital, was brought in to turn around the marketing-services company.

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