Case Studies
J.S. Held Strengthens Forensic Accounting Expertise for Marital and Commercial Disputes with Acquisition of Forensic Accountants & Consultants
Read MoreThe company manufactured firelogs and firestarters from recycled materials. Declining revenue, a failed West Coast expansion, rising operating costs, insolvency, and creditor pressure placed the company in financial distress. The court appointed our team as receiver to take possession of and control the business, preserve ongoing operations, and facilitate debt recovery through a competitive asset sale.
Our team stabilized operations, continued production and order fulfillment, built inventory to meet seasonal demand, and managed operating obligations. We conducted a court-supervised sale process, ultimately selling the company to the industry’s largest strategic competitor. The transaction resulted in a near-full recovery for the senior lender while allowing the business to continue operating under new ownership.
> Receiverships
Federal and state courts, creditors, and legal counsel choose our team to serve as Receiver of distressed businesses and real estate entities. We stabilize operations and cash flow, safeguard business assets, and pursue methods to maximize financial recovery. Our multidisciplinary team applies a wide breadth of restructuring and industry experience as Receiver to take control of companies facing financial, operational, and legal issues.
> Chief Restructuring Officer (CRO) and Interim Management Services
Our experienced C-suite interim executives advise and support companies in financial distress, experiencing hypergrowth, or that are challenged by critical vacancies among senior leadership. Whether the leadership void results from operating challenges, a recent officer resignation, the need for added support during busy periods, or during an extended job search for the right permanent hire, our experienced executives provide immediate relief and value.
