Case Studies
J.S. Held Acquires GLI Advisors, Strengthening Our Construction Project Support Services in the Western US and Hawaii
Read MoreThe client was a $40 million Computer and Technology Integrator and Consulting Firm headquartered in Warminster, PA. Our experts conducted the sale and wind down of a computer and technology consulting firm outside of a bankruptcy proceeding.
Investment in a new business line combined with millions of dollars of excess and obsolete inventory had strained the Company’s liquidity, resulting in a significant over-advance position under its asset-based line of credit.
J.S. Held quickly concluded that it would be unable to obtain the support of the Company’s lender to support a turnaround, and that the sale and wind down of the Company was in the best interest of its shareholders. J.S. Held developed and managed the orderly wind down of the business outside of a bankruptcy proceeding, which encompassed the sale of various business segments to three separate purchasers, the sale of inventory to 10 different purchasers, an auction of inventory and fixed assets, the collection of accounts receivable, and a negotiated settlement of the shareholders’ guarantee. The return to the senior secured creditor dramatically exceeded the return they would have realized in a forced liquidation or bankruptcy scenario, and the call on the shareholders’ guarantee was minimized.
Brian F. Gleason, CTP
Senior Managing Director
Strategic Advisory Practice
+1 610 659 8118
[email protected]
> Out-of-Court Winddowns
We deliver strategic guidance through the winddown of business operations or underperforming assets, helping preserve value and reputation while avoiding the disruption, cost, and public scrutiny of formal bankruptcy. Our expert financial and operational advisors apply decades of experience providing exit solutions across a wide range of industries and complexities to deliver, and often execute, comprehensive solutions for distressed businesses.
> Turnaround and Restructuring Services
Navigating the many challenges confronting a company in transition requires an operationally focused approach that looks beyond the balance sheet to minimize further degradation and build a path to sustainable growth. Drawing upon decades of experience in the turnaround space, we help companies in transition identify practical strategies to improve profitability and liquidity for immediate relief, while concurrently developing and executing a comprehensive turnaround plan for long-term, sustainable value creation.