Case Studies
J.S. Held Acquires Clark Seif Clark, Strengthening West Coast Capabilities for Environmental Claims, Disputes, and Catastrophe Response
Read MoreThe 45-year-old family-owned food wholesaler served national accounts from operations in multiple states. After installing a new ERP/Inventory Management System, the company experienced liquidity problems, exhausted its credit facility, and its operations deteriorated rapidly due to its inability to fulfill customer orders. The insolvent company entered an Assignment for the Benefit of Creditors (ABC).
Upon discovering an over $10 million over-advance on the company’s line of credit, its bank retained our experts as its Financial Advisor to investigate the source of the over-advance. The engagement was expanded to include representation of the bank’s best interests throughout the ABC process
Our experts helped achieve a 100% recovery of a bank’s $33.5 million loan to an insolvent national food wholesaler that had entered an ABC (Assignment for the Benefit of Creditors) proceeding. As the bank’s Financial Advisor, our experts delivered the following services to improve upon a forecasted recovery of 32% – 53%:
Obstacles & Our Solutions
David Stapleton, CPA, CLPF
Senior Managing Director
Strategic Advisory Practice
+1 213 235 0601
[email protected]
> Turnaround and Restructuring Services
Navigating the many challenges confronting a company in transition requires an operationally focused approach that looks beyond the balance sheet to minimize further degradation and build a path to sustainable growth. Drawing upon decades of experience in the turnaround space, we help companies in transition identify practical strategies to improve profitability and liquidity for immediate relief, while concurrently developing and executing a comprehensive turnaround plan for long-term, sustainable value creation.
> Solutions for Distressed Situations
We deliver integrated solutions for distressed and insolvent businesses that maximize recovery, mitigate risk, and restore enterprise value. Our experts are retained to help distressed organizations stabilize operations, protect stakeholder interests, and execute turnaround strategies. We take an operationally-focused approach that looks beyond the balance sheet to minimize further degradation and build a path to sustainable growth.