Case Studies
J.S. Held Acquires Clark Seif Clark, Strengthening West Coast Capabilities for Environmental Claims, Disputes, and Catastrophe Response
Read MoreThe Company was a $21 million Distributor of Personal Care Products to large, low-cost outlets and through direct mass-marketing programs.
The company went public through an IPO that primarily benefited its investment banking firm. A combination of events, including the prohibitive costs for required SEC filings, loss of two major customers, and an SEC compliance issue, caused the Company to be unable to service its debt.
Our experts were retained by the Company’s secured lender to assist management in converting the bank’s collateral to a cash position. We moved quickly to downsize our operations and focus primary attention and resources on collecting all outstanding receivables and selling off inventories to selected large, low-cost outlets. We identified component products in inventory that could be transferred to a contract packager for assembly and subsequent sale, resulting in cash conversion. Our team then arranged for the transfer of all remaining inventory to a liquidator specializing in the personal care products industry.
Brian F. Gleason, CTP
Senior Managing Director
Strategic Advisory Practice
+1 610 659 8118
[email protected]
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