Client:   Automotive and furniture parts.
Needs
- Our client wanted to explore alternatives to liquidation, which was recommended by another turnaround firm.
- Preserving jobs was one of our main objectives.
Solution
- Worked closely with our client’ s bank to develop and implement the plan.
- Identified a private equity group capable of completing a transaction under very strict parameters imposed by the bank.
- Assisted in negotiating and structuring the terms and conditions of the deal and facilitated the closing.
Result
- Completed the transaction in 30 days.
- Saved 180 jobs.
- Ensured there was no disruption to customers.
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Published with client permission