EMAGroup/Enterprise Management Advisors, LLC | Assisting Companies in Transition$18 million
Transportation
Turnaround & Business Restructuring, Bankruptcy, Distressed M&A Support
The company was incurring significant legal costs in a dispute with the Teamsters, had lost its two anchor tenants at its warehouse, and was in dispute with the state of California over the classification of its drivers as independent owner-operators.
Performed a comprehensive business assessment, including operations, capital structure, financial condition, cash flow and liquidity and short- and long-term prospects of the company
Developed restructuring opportunities, including cost reductions, operational improvements, working capital improvements, revenue improvements, management, and personnel changes.
Supported owners and stalking horses desire to effectuate a sale transaction under Section 363 of the bankruptcy code.
Prepared pre-Chapter 11 schedules and provided information in support of the first day motions and other pleadings in the case.
Managed the Chapter 11 proceeding and assisted management with preparing and responding to various information requests with parties-in-interest.