Restructuring and Turnaround: Fabricated Metal Product Manufacturer

Client

Fabricated Metal Product Manufacturing

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.

Results

  • Completed the transaction in 30 days.
  • Saved 180 jobs.
  • Ensured there was no disruption to customers.