Receivership · Advanced materials
A manufacturing sale after the lead bid fell away
Situation
A composite materials manufacturer entered receivership. The sale needed to address creditor recovery while offering a path to preserve the operating business.
Approach
The advisory team marketed the assets and conducted a competitive process with qualified bidders. When the initial winning bidder withdrew following an insurance issue, the team negotiated with a backup bidder.
Outcome
A strategic buyer acquired the assets, allowing the manufacturing operation to continue rather than be broken up.
Receivership · Industrial manufacturing
Finding a strategic owner for a legacy pump business
Situation
A long-established manufacturer of pumps and fire protection equipment faced lender default and significant operational uncertainty.
Approach
Working within a receivership, the advisory team managed buyer outreach, diligence and negotiations involving both the operating assets and associated real estate.
Outcome
An industry buyer acquired the assets and continued the business under its established brand.
Chapter 11 §363 sale · Packaging
Keeping a recycled paperboard mill in operation
Situation
Rising input costs placed a recycled paperboard manufacturer under financial pressure despite demand for its end market. The company entered Chapter 11.
Approach
The advisory team ran a court-supervised sale process for the related manufacturing businesses as a combined operation.
Outcome
A strategic buyer acquired the business through a §363 sale, preserving a path for continued production.
Federal receivership · Building products
Marketing multiple operating mills together
Situation
A lumber producer with multiple sawmill operations entered federal receivership. The process needed to address creditor interests alongside the continuity of the mills and their workforces.
Approach
The advisory team led a competitive sale process for the operating facilities under court supervision.
Outcome
A vertically integrated industry buyer acquired the mills and continued operations, with plans for further investment in the facilities.
Assignment for benefit of creditors · Consumer technology
A buyer for a business with fulfillment obligations
Situation
A consumer technology company faced a cash crisis and an unfulfilled customer order backlog. An assignment for the benefit of creditors created an accelerated path to market.
Approach
The advisory team marketed the operating assets, intellectual property, inventory and customer relationships while evaluating buyers' ability to restart fulfillment.
Outcome
A buyer acquired the assets and invested in new production to address inherited orders and resume operations.
Assignment for benefit of creditors · Consumer hardware
Separate paths for an operating brand and its intellectual property
Situation
A consumer hardware business entered an assignment for the benefit of creditors with a mix of brand, software, product and patent assets that appealed to different buyers.
Approach
The advisory team ran a process that evaluated the operating assets and intellectual property on distinct tracks.
Outcome
The operating platform and a substantial patent portfolio were sold separately, allowing the business to relaunch while monetizing intellectual property for creditors.
Buy-side M&A · Telecommunications infrastructure
A buy-side search to grow a telecom construction platform
Situation
A construction management company serving the telecommunications industry wanted to grow through acquisition rather than organic expansion alone, targeting a complementary business within the same construction management space.
Approach
The advisory team worked with ownership to define acquisition criteria, including service capabilities, geographic coverage, crew capacity and carrier relationships, then ran a confidential, proactive search for construction management companies serving telecom carriers and infrastructure providers. The process included direct outreach to off-market targets, qualification calls and coordination of preliminary diligence on the most promising candidates.
Outcome
The team presented multiple viable acquisition candidates that met the client's criteria. Before a transaction was finalized, an internal change in management shifted the company's strategic direction, and the search concluded without a completed acquisition.
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Case studies are anonymized and condensed. Names, locations and financial terms have been omitted. Past outcomes do not guarantee future results.
