Case Studies
J.S. Held Acquires Shechter & Everett to Expand Forensic Accounting Capabilities for Family Law Disputes in Florida
Read MoreThe client was a $350 million publicly traded Distributor of Airplane Parts based in Florida.
The Company was suffering from a downturn in the commercial airline industry and high leverage from numerous acquisitions. The Company’s lender required the Company to engage a restructuring advisor to assist in the recapitalization of the business. The complexion of the Company’s problems dramatically changed after September 11, 2001.
Our experts assumed the role of restructuring advisor and executed a pre-arranged Chapter 11 proceeding with a 363 sale. The post-petition auction process resulted in a 10% increase in the initial stalking horse bid. This resulted in recovery to the company’s various creditors that exceeded the initial liquidation analysis.
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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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.