Case Studies
J.S. Held Acquires Shechter & Everett to Expand Forensic Accounting Capabilities for Family Law Disputes in Florida
Read MoreGRO-WELL Brands, Inc. (“GRO-WELL”) is a leading provider of natural and organic lawn and garden products in the Southwestern US and Pacific Northwest. Despite its strong legacy and market position, the discontinuation of certain product lines due to high input costs, weather vagaries, a spike in freight costs, and delays in establishing in-house trucking capabilities led to underperformance. GRO-WELL engaged J.S. Held as a third-party advisor to help effectuate its refinancing, appointing one of our experts as Chief Restructuring Officer based on their deep expertise in the lending environment and proven ability to manage complex lender dynamics.
Our team began by comprehensively evaluating the company’s current financial condition and its existing forecast model. We reviewed the underlying operational assumptions and initiatives, identified key areas for improvement, and implemented a series of adjustments to better align the forecast with the company’s operational environment. These enhancements provided a more accurate and robust projection of future performance.
We assisted with developing a confidential memorandum that described the company’s market position, recent events, and transaction rationale. This document served as a cornerstone for outreach to more than 80 potential financing partners, resulting in 19 submitted term sheets—a strong response that reflected the company’s solid industry position and substantial collateral base. After a thorough evaluation of the proposals and some additional negotiation, a term sheet was signed with Ares Commercial Finance.
Our team then guided the company through an intensive due diligence and negotiation process, ensuring alignment on key terms and facilitating a smooth path to closing. The $24.4M financing was successfully completed in August 2025.
Michael E. Jacoby, CTP
Strategic Advisory Practice Lead
+1 484 841 6808
[email protected]
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