Gulf Atlantic Capital Restructures Leading Manufactured
Home Component Builder and Positions Company for Sale
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Birmingham, Alabama
$60,000,000
Gulf Atlantic Capital served as interim Chief Financial Officer and Restructuring Advisor to the Company.
GulfAtlanticCapital PRIVATE INVESTMENT BANKERS corporation
- Gulf Atlantic Capital was retained by Decor to provide interim crisis management and purse a sale transaction after operating losses culminated in a working capital crisis at the Company.
- Developed a detailed business model which formed the basis for the Company's restructuring efforts, including closing of a manufacturing facility, reduction in corporate level employees and reduction in product offering.
- Provided crisis management to stabilize operations during the sale and bankruptcy process to maintain operations and maximize the value of the Company.
- Created a competitive process that culminated in a sale price of more than $6 million higher than expected reflecting a 6.2 multiple of historical EBITDA.