Food & Agribusiness, Wholesale Distribution
Turnaround & Business Restructuring, Enterprise Performance Improvement
Family-owned business, managed by second generation family members. Trust issues had developed among family members, further exacerbating operational and profitability issues. $100 million credit facility was in default with bank group that had lost confidence in the management team. Bank group was pushing for an in-court proceeding to get loan paid off through a sale or liquidation.