Gulf
Atlantic Capital Provides Chief Restructuring Officer Services to Market Leading Construction Roll-up.
Ft. Lauderdale,
Florida
$311,500,000
Gulf Atlantic
Capital acted as interim CFO and restructuring advisor to the Company.
Gulf
Atlantic Capital Was Retained As Chief Restructuring Officer To Stabilize The Company’s Operations While Evaluating Strategic Sale Options.
GRS had experienced significant operating losses as a result of job performance issues and failure to adequately integrate its 26 operating entities. As a result, GRS faced significant working capital, vendor and employment issues that threatened continued operations.
Served as the chief restructuring officer to evaluate operations and jobs in process, develop a strategy to wind down underperforming locations and exit from unprofitable jobs.
Developed crisis management strategy for 26 operating companies, coordinating working capital requirements and addressing critical vendor issues on a job-by-job basis.
Sale transaction structure maximized value through sale of secured party debt and successful reorganization of the company in Chapter 11.
