Case Studies
J.S. Held Acquires GLI Advisors, Strengthening Our Construction Project Support Services in the Western US and Hawaii
Read MoreIndustries: Services, Healthcare
Primary Services: Financial Forecasting, Bankruptcy Advisory, Liquidation / Business Wind Down
Our client was a Specialty Technology Service Provider to the healthcare industry.
The Company determined that a sale through the 363 process in Chapter 11 was its best course of action to maximize its value to constituents. Its senior lender supported this course but had lost confidence in management and required the Company to hire a financial advisor to advise management and support its financial department through the process.
Our experts took responsibility for all cash management, forecasting, and support for the sale and bankruptcy process. The Company successfully completed the sale at more than 2 times the initial stalking horse bid. We worked with the Company’s management and outside advisors to ensure the proper operations of the Company in order to achieve this result. After the sale of the principal assets of the Company, our experts were charged with the winding down of the remaining operations, reconciliation of claims against the estate and collection of any remaining assets without the benefit of any remaining Corporate employees.
Brian F. Gleason, CTP
Senior Managing Director
Strategic Advisory Practice
+1 610 659 8118
[email protected]
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