Case Studies
J.S. Held Acquires Shechter & Everett to Expand Forensic Accounting Capabilities for Family Law Disputes in Florida
Read MoreThe Company was a $20 million privately held national Health and Beauty Products Retail Chain and provider of durable medical equipment with operations in the Detroit, Pittsburgh, and Philadelphia markets.
The equity investors were concerned about the direction and viability of this business. Additionally, the lenders were fearful that repayment of outstanding loans was in jeopardy.
Our experts were retained to assess the situation and to advise the investors on strategic alternatives. We concluded that the client had not reached a critical mass in terms of establishing a sufficient number of institutional relationships to support its warehouse operations. Further, the significant ongoing cash drain was too high a hurdle to justify additional equity investments. Our team was installed as interim CEO and led the Company through a liquidating Chapter 11 process, which maintained the durable medical equipment business until it could be sold. We structured, negotiated, and closed asset sales in more than a dozen Section 363 bankruptcy transactions.
> 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.
> Bankruptcy Advisory
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.
