Gulf
Atlantic Capital Provides Board of Director Advisory Services to Distressed Steel Industry Firm Resulting in 100% Creditor Recovery.
Palm Harbor, Florida
Orderly sale of
the
Operating Division
$4,500,000
The undersigned
initiated this transactions
and structured/negotiated the
terms of sale of the Company's
assets pursuant to Section 363
of the Bankruptcy Code.
Gulf
Atlantic Capital Provides Board of Director Advisory Services to Distressed Steel Industry Firm Resulting in 100% Creditor Recovery.
Gulf Atlantic Capital was retained by CHC Industries to assist the Company’s board of directors in evaluating the Company’s financial position and options for addressing mounting operating losses resulting from increasing competition from Asia and continuing price declines.
Developed a comprehensive analysis of the Company’s operations and alternative business models to evaluate the viability of the Company’s operational restructuring plan as well as the expected value of the entity in a sale transaction.
Served as the Company’s investment banker, preparing the Company for sale and marketing the Company and its operating assets, including five wire processing facilities and related equipment to a wide range of financial and strategic purchasers.
Provided for 100% recovery to the Company’s creditors through a bankruptcy filing and Section 363 sale, including an auction attended by all of the major strategic purchasers in the industry.
