Case Studies
J.S. Held Acquires Shechter & Everett to Expand Forensic Accounting Capabilities for Family Law Disputes in Florida
Read MoreA Direct Mail Fulfillment Company located on Long Island, NY.
Plagued by declining industry demand resulting from the business cycle and the loss of its largest customer, the Company realized that its current profitable results were projected to deteriorate quickly, and it was facing liquidity issues.
We were engaged to assist the Company in evaluating options for the Company, including testing the market for potential equity sources or merger partners. After determining that significant contingent liabilities of the Company hampered any potential transaction, Company management and our experts determined that the best course of action was an out-of-court wind-down of operations. Working with the Company’s lenders, customers, and major vendors, J.S. Held fashioned a plan to sell many of the pieces of the business. During the wind-down, J.S. Held assumed the role of Chief Restructuring Officer. This process ensured a smooth transition of the business with minimal impact on customers and maximized the amount of funds for the creditors. The Company's lenders were paid in full, and we were appointed Liquidating Agent for the Company’s unsecured creditors.
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.
> Out-of-Court Wind-downs
We deliver strategic guidance through the wind-down 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.