Case Studies
J.S. Held Acquires Clark Seif Clark, Strengthening West Coast Capabilities for Environmental Claims, Disputes, and Catastrophe Response
Read MoreJ.S. Held’s client was a Regional Distributor of Bakery Products and Supplies to small independent bakeries and restaurants. In addition to the wholesale business it operated a retail shop open to the public from within its corporate headquarters and distribution center in New York.
The company experienced rapidly deteriorating revenues and consolidated its operations down to two facilities located in Buffalo, NY and Saratoga Springs, NY. The client, however, was unable to sufficiently improve profitability and decided to liquidate all inventory and other assets. J.S. Held Management was engaged to assist in the oversight of the liquidation of the Company’s assets.
J.S. Held worked collaboratively with the Company’s management and lender in building and executing a credible and achievable liquidation plan that addressed accounts receivable collections, inventory reduction, expense reductions and time frame, and overall cash forecasting throughout the liquidation period. J.S. Held added value by advising management on a strategy for the ultimate sale to a national bakery distributor as well as seeking out nontraditional buyers such as insurance salvage and liquidators as a source for the purchase of the eclectic mix of products in its retail store.
> 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.
> Fiduciary Services
We deliver unbiased, expert solutions in court-mandated and out-of-court situations that demand a third-party fiduciary, including insolvency, fraud, litigation, and shareholder disputes. When companies are in financial distress, become entrenched in complex disputes, or fraud is suspected, lenders, attorneys, and regulatory agencies recommend that federal and state courts or boards of directors appoint our experts as fiduciaries.
