Case Studies
J.S. Held Acquires Shechter & Everett to Expand Forensic Accounting Capabilities for Family Law Disputes in Florida
Read MoreAfter one of the company’s retrofitted diesel engines failed, causing a large brush fire, the California Air Resources Board (CARB) initiated a $17 million product recall. The company’s lender called its note and the company’s private equity owner lacked the capital to fund on-going operations. Unable to operate the company and concerned about the potential for personal liabilities, management secured the assets, closed the business, and mailed all facility keys to the lender.
Knowing that our experts understood the company’s industry, the lender appointed us as receiver. We approached the engagement with the goal of working with management to salvage as much of the company’s value as possible and, if possible, protect jobs.
Serving as interim CEO and receiver in a situation that could have been a complete write-off, our experts successfully recovered approximately $3 million for the lender by:
Obstacles & Our Solutions
> Receiverships
Federal and state courts, creditors, and legal counsel choose our team to serve as Receiver of distressed businesses and real estate entities. We stabilize operations and cash flow, safeguard business assets, and pursue methods to maximize financial recovery. Our multidisciplinary team applies a wide breadth of restructuring and industry experience as Receiver to take control of companies facing financial, operational, and legal issues.
> 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.
