Gulf
Atlantic Capital Implements Operational Restructuring Plan for 75 Year-Old Family Business.
Melville, New York
$34,000,000
Gulf Atlantic
Capital acted as Chief Restructuring
Officer to the Company.
Gulf
Atlantic Capital Executes Operational and Financial Restructuring Plan.
I.W. experienced a loss of revenue and declining margins due to foreign competition across all lines of business.
As chief restructuring officer developed comprehensive operational and financial restructuring plan to address competitive pressures.
Sold lamp & lighting division and orderly wound-down the plumbing division to generate cash for faucet division restructuring.
Restructured the Company’s core faucet division through operational initiatives to restore profitability and improve on-time delivery.
Successfully reorganized the company in Chapter 11 by securing two sale-leaseback transactions on the Company’s manufacturing facilities and a new working capital facility.
