Case Studies
J.S. Held Acquires Shechter & Everett to Expand Forensic Accounting Capabilities for Family Law Disputes in Florida
Read MorePublicly traded $1.26 billion revenue Leasing Firm headquartered in Florida.
The Firm had been on an expansion through acquisition and was unable to consolidate its diverse companies into a profitable business model. Secured creditors halted the securitization of new leases, putting the entire operation at risk. Our experts were brought in to lead a turnaround/restructuring of the Company. At that time, the secured creditors had estimated that they would lose 50% of their loan balances at the conclusion of the restructuring.
Our team assumed the interim management roles of CEO, COO, and Chief Accounting Officer to operate the Company while crafting a restructuring as an ongoing enterprise. Due to the substantial acquisition debt and the unwillingness of any financial organization to resume the securitization of leases as part of an out-of-court restructuring, we initiated a Chapter 11 reorganization, which included securing the Company's assets, winding down operations, and selling off its operating subsidiaries. Our experts also implemented reliable financial reporting and structured a reorganization of the Company that enabled the secured creditors to acquire the residual company and retain use of its substantial tax loss carryforward. Secured creditors were projected to achieve nearly a 100% recovery through debt repayment.
Brian F. Gleason, CTP
Senior Managing Director
Strategic Advisory Practice
+1 610 659 8118
[email protected]
> 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.
> 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.