Case Studies
J.S. Held Acquires Shechter & Everett to Expand Forensic Accounting Capabilities for Family Law Disputes in Florida
Read MoreThe Southern California-based manufacturing and wholesaler of high-end concrete fountains and garden art, with roots dating back to the early 1900’s in Italy, invested in a second facility in Tennessee to reduce trucking costs. However, key management did not invest their time at the new facility, resulting in inferior products. The large investment of capital, problems associated with the inferior products and the onset of the 2008 economic recession together took a great toll on the company’s liquidity.
The company defaulted on its credit agreement so its bank forced it into receivership. The bank and its counsel appointed J.S. Held as receiver in early March 2009 and conveyed their goal to liquidate the company as quickly as possible.
As bank-appointed receiver, our experts maximized the lender’s financial recovery and preserved a decades-old family-owned business by:
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David Stapleton, CPA, CLPF
Senior Managing Director
Strategic Advisory Practice
+1 213 235 0601
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