Case Studies
J.S. Held Acquires Shechter & Everett to Expand Forensic Accounting Capabilities for Family Law Disputes in Florida
Read MoreThe Company was a $120 million Metal Foundry in Ohio that specialized in silicon alloys.
Diminishing cash balances and poor financial performance had caused the Company to default on its credit agreements. While the Company was attempting to line up replacement financing, its debt was purchased by a distressed debt buyer. The Company had filed for bankruptcy, but lacked the resources and understanding of the process to operate effectively.
Our experts were hired as Financial Advisors for the debtor in possession in conjunction with the bankruptcy, operational turnaround, and the placement of $16 million in exit financing. Our analysis uncovered opportunities to raise prices on high-demand items, while discontinuing production of low-margin products. We identified opportunities to continue to service the Company’s customers while reducing the number of plants operated. The mothballing of the Company’s plant, which represented a significant portion of overall industry capacity, allowed for further price increases. These changes enabled the Company to continue operating during a period of overall industry recovery. Our team advised the Company through a successful emergence from bankruptcy.
Brian F. Gleason, CTP
Senior Managing Director
Strategic Advisory Practice
+1 610 659 8118
[email protected]
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Navigating bankruptcy is inherently complex, often involving struggling businesses, litigation, incomplete or inaccurate financial records, potential fraud, and other challenges, in addition to strict court-mandated processes. Our experienced team of turnaround and restructuring experts seamlessly guides clients throughout the process to optimize outcomes for lenders, creditors, shareholders, and employees.
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