Case Studies
J.S. Held Strengthens Forensic Accounting Expertise for Marital and Commercial Disputes with Acquisition of Forensic Accountants & Consultants
Read MoreSandy Alexander is a provider of commercial printing, direct mail, brand environments, kitting, fulfillment, and marketing technology services. The company leverages advanced manufacturing capabilities and proprietary technology to execute integrated marketing campaigns and produce branded materials, including in-store displays, menus, brochures, and catalogs.
The company’s declining operational performance reflected not only deteriorating conditions in the commercial printing market, but also a delayed and misaligned commercial response that allowed market erosion to translate into accelerated share loss. As demand shifted toward lower-volume, faster-turn, and programmatic work, its sales organization remained heavily focused on servicing existing accounts, contributing to continued revenue declines. Throughout 2025 and 2026, the company faced ongoing liquidity constraints due to its shrinking revenue base, leading it to rely on vendor relationships and extend payment terms.
J.S. Held was retained to serve as Chief Restructuring Officer, oversee cash management, develop a restructuring plan, and stabilize the company while pursuing a sale. When the lender initiated a UCC Article 9 foreclosure on the company’s assets, our team negotiated with the lender to establish a private sale process. We then guided the buyer through expedited due diligence and transaction execution.
Our work resulted in the seamless sale and transition of the company’s assets and facility operations, the mitigation of potential labor liabilities, and the lender’s repayment in full. Throughout the engagement, we also provided transactional support, financial reporting, and strategic guidance to the Board of Directors. Following the sale, we continued working with the Board to manage the wind-down and finalize the company’s dissolution.
> 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.
> Solutions for Distressed Situations
We deliver integrated solutions for distressed and insolvent businesses that maximize recovery, mitigate risk, and restore enterprise value. Our experts are retained to help distressed organizations stabilize operations, protect stakeholder interests, and execute turnaround strategies. We take an operationally-focused approach that looks beyond the balance sheet to minimize further degradation and build a path to sustainable growth.
