Exclusive Restructuring Advisor
Project Kirk
About the Company
Founded in 1982 and headquartered in Chicago the Company is an event service company providing a full selection of tables, chairs, linens, tenting solutions, lighting, lounge furniture, catering equipment, and floral design / products. The Company serves weddings, social parties, and corporate events in the Chicago metropolitan, Dallas Ft. Worth, Austin, San Antonio, and Kansas City metroplex areas.
Exclusive Restructuring Advisor
Situation
The Company is grappling with liquidity challenges, exacerbated by mounting pressures from vendors, ineffective cash management practices, and a gradual decline in business performance.
Engagement
In response, the Company engaged G2 to facilitate negotiations for more favorable payment terms with key vendors, aiming to optimize cash flow management.
Outcome
G2 effectively secured agreements for reduced and more sustainable payment arrangements with several vendors. These revised plans have fostered improved relationships with suppliers and alleviated liquidity constraints, enabling the Company to concentrate on advancing its ongoing sale process and maintaining operational continuity.
Deal Team
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