Case Studies
J.S. Held Acquires Clark Seif Clark, Strengthening West Coast Capabilities for Environmental Claims, Disputes, and Catastrophe Response
Read MoreFull Truckload Trucker. $18 million in sales. $11 million debt.
During the first four weeks, our experts terminated the logistics strategy, sold excess tractors, and returned excess trailers to the lessor. They also discontinued unprofitable lanes, began rebuilding the brokerage business, and developed a plan, which was subsequently submitted to the lender.
Over the next four weeks, we engaged in discussions with several investors and strategic buyers. Investors were impressed with the turnaround and forward-looking prospects, but the company was still overleveraged. Reached an agreement with the lender to sell assets in conjunction with reduced obligations for the personal guarantors.
Finally, in the third four weeks, our experts quickly narrowed the field of prospects, entered into an LOI in week 10, and closed on the sale in week 12. The transaction agreement included a 60-day Transition Services Agreement that helped fund the wind-down costs.
In the combined 12 weeks, we stopped the cash bleed and closed on an out‐of‐court asset sale of the uninterrupted business
Dan F. Dooley, CTP
Senior Managing Director
Strategic Advisory Practice
+1 603 660 8952
[email protected]
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