Gulf
Atlantic Capital Serves Interim CFO and Responsible Party to Industry Leading Distributor.
Rock Island, Illinios
$170,000,000
Gulf Atlantic
Capital acted as interim CFO
and Chief Restructuring Officer
to the Company.
Gulf
Atlantic Capital Serves Interim CFO and Responsible Party to Industry Leading Distributor.
Gulf Atlantic Capital was retained as the interim CFO for Barjan Products to implement a restructuring of more than $175 million of senior and subordinated debt.
Responsible for managing working capital and vendor relationships to stabilize operations and maintain entity value.
Reduced working capital line exposure by more than $15 million while pursuing a sale transaction for the Company’s operating divisions.
Served as the sole director to wind down the corporate entity, including defending creditor actions, resolving EPA issues and finalizing the tax returns after the operating assets were sold in a non-judicial foreclosure.
